FB has retreated close to 10% within 2 days amid its Data Leak scandal and seems not ending on the selling. However, taking a rational look at the stock's technical, the stock has traded steeply out of the lower bollinger band with climactic volume observed. These observations coupled with a long-legged candle could suggest that selling has been may be over done and we may see a short term rebound.
Above analysis is negated if price falls below the low of the long legged candle.
Above analysis is negated if price falls below the low of the long legged candle.
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