Facebook Inc(NASDAQ:FB) fell to $28.00 a share in late trading. This represents a $10.00 (-26%) discount to what investors paid for the stock prior to it going public. At this level, buyers will be begin to nibble. In addition, there is a three bar surge on the chart which should signal a bounce. Downside is $25.00. while upside is $35.00. Reward to owning Facebook is finally looking better in comparison to risk.
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Chief Market Strategist