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Saturday, June 2, 2012

Facebook (FB) Stock Analysis 6/4/12 June 4, 2012

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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