By Tim - http://stockstobuy.org - Twitter - @stockstobuy - Facebook (FB) Stock Chart - The following is technical analysis on Facebook (FB) - June 7, 2012
Facebook (FB) Support & Resistance Levels - 6/7/12
Resistance Levels: $27.76, $29.60
Support Levels: $25.75, $25.44
Chart - http://www.stockcharts.com
Facebook (FB) stock hit a new 52 week low on Wednesday but bounced into the close. Facebook (FB) will now have support down around $25.75. FB will have resistance at $27.76 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 Facebook is close to hitting a bottom before earnings are released in July 2012.
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