Facebook Inc (NASDAQ: FB)

Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. The company's Facebook Platform is a set of development tools and application programming interfaces that enables developers to integrate with Facebook for creating social apps and Websites. As of December 31, 2012, it had 1.06 billion monthly active users and 618 million daily active users. The company has a strategic partnership with Trend Micro Inc. for educating and protecting users' digital lives against malicious sites and malware. Facebook, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
Please take a look at the 1-year chart of FB (Facebook, Inc.) below with my added notations:
FB has been holding a very important level of support at $25 (navy) for the last (5) months. No matter what the market has or has not done over that period of time, FB has not broken below that $25 support level. The stock approaching $25 again should provide another bounce higher. However, if the overall market were to sell-off, FB could break that support.
The Tale of the Tape: FB has a very strong level of support at $25. A trader could enter a long position at $25 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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