Facebook Breakout
Updated
On the monthly timeframe there is a clear and distinct Eliot five wave pattern, a support on the Fibonnachi 0.236 support line, and the stochastic RSI coordinates as well. Anyone else agree?
Note
If you also look at the one year time frame, there appears to be a significant hammer. With positive volume, I believe this would be a good swing trade up to either the 0.382 or 0.5 Fibonacci resistance lines.
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