Social Media on the Move $FB – Facebook – Breakout Expected

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Updated: 13 July 2020

$FB (Facebook Inc) is setting up a tight gap near all-time highs. This can mean that a breakout could be near. Consider 245-246 as a breakout area for a potential move past 250 in a week or two. The sector rotation from Tech might slow-down the momentum but if not, the next mover like NFLX could be Facebook. Also see the shake-out that was two weeks ago that helped kick off the weak hands. The yellow resistance should be taken out.

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