Facebook Inc (FB) “On a long-term technical basis, the stock (FB) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has broken through an important trendline at 179.42 suggesting the next level of support is 176.66. The long-term uptrend has now turned neutral.

The stock has support at 176.66 and 166.11. If the stock breaks down through support at 176.66 then it will probably continue lower to 166.11. The stock will meet resistance at 178.10 and 187.41. If the stock breaks up through resistance at 178.10 then it will probably continue higher to 187.41. The 200-day moving average is at 174.89. This will also act as support. If the stock closes below 166.11 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is slightly oversold according to the Stochastic Indicator (28.37).”

Facebook Inc. (FB) “On a long-term technical basis, the stock (FB) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 190.91 suggesting the next support level is at 179.34. This weakness suggests the long-term trend is turning neutral.

The stock has support at 179.34 and 164.98. If the stock breaks down through support at 179.34 then it will probably continue lower to 164.98. The stock will meet resistance at 189.60 and 205.47. If the stock breaks up through resistance at 189.60 then it will probably continue higher to 205.47. The 200-day moving average is at 173.88. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (74.65).”