By Tim - http://stockstobuy.org - Twitter - @stockstobuy - Facebook (FB) Stock Chart - The following is technical analysis on Facebook (FB) - June 4, 2012
Facebook (FB) Support & Resistance Levels - 6/4/12
Resistance Levels: $30
Support Levels: $26.83
Chart - http://www.stockcharts.com
Facebook (FB) stock closed at $27.72 on Friday after the stock market crashed. Facebook (FB) will now need to hold Thursday's low of $26.83 next week or the stock could be headed to $26. FB will have resistance at $29.15 and is a strong buy on a break above that level. Facebook (FB) is also a strong buy below $27 for the long term. I think the stock is close to hitting a bottom before earnings are released in July 2012.
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