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.