FB Enters a New Upleg
From a P&F perspective, Facebook, Inc. (FB) looks like it thrust into a new upleg this morning in the aftermath of a pullback from 28.45 to 27.60.
If this is accurate, it means that the price structure is on its way to test and hurdle its prior significant P&F high print at 28.85, which is on the way towards 30.00 thereafter.
Only a sudden downside reversal and decline to a 28.05 print will wreck the current bullish P&F set-up.
