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Tuesday, June 5, 2012

Facebook (FB) Stock Analysis June 5, 2012

By Tim - - Twitter - @stockstobuy -

Facebook (FB) Stock Chart - The following is technical analysis on Facebook (FB) - June 5, 2012

Facebook (FB) Support & Resistance Levels - 6/5/12

Resistance Levels: $30

Support Levels: $26.44

Chart -

Facebook (FB) stock hit a new 52 week low on Monday. Facebook (FB) will now have support down around $25. FB will have resistance at $27.65 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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