05.04.2016 - Facebook will likely continue to rise after the recent correction

Price of Facebook has corrected to the local ascending channel's lower border and in case of breaking through it will continue to decline to 110.00. Fixation lower than this level will confirm the sell signal with the objectives at 101.15 and 96.00. On the other hand, the price may continue to grow within the channel and after overcoming a local maximum of about 116,00 will continue to grow to 120.00. Our medium-term outlook is positive and we look forward to continuing upward trend in the near future.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.