07.08.2015 - Facebook can correct down in the near future

The price of Facebook shares continues to consolidate below the psychologically important level of $ 100 per share. Now the quotes are near the sloping line of support and in case of breaking and fixing the price below 92.30, quotes will continue to fall to the bottom of the channel and the level of 87.75 and 85.00. We expect the stock price fall in the near future, but in the case of overcoming the mark of 100.00 we recommend to open long positions with the targets near 120.00.

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