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Wednesday, June 13, 2012

Facebook (FB) Stock Analysis June 13, 2012

By Tim - http://stockstobuy.org - Twitter - @stockstobuy -

Facebook (FB) Stock Chart - The following is technical analysis on Facebook (FB) - June 13, 2012

Facebook (FB) Support & Resistance Levels - 6/13/12

Resistance Levels: $28.07

Support Levels: $26.30

Chart - http://www.stockcharts.com

Facebook (FB) stock is back trading around $27. Facebook (FB) will now have support down around $26.30. FB will have resistance at $28.06 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 which will be released in July 2012.


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