Facebook Inc (US: FB) upside has been ongoing strong especially after achieving two of our target price based on our report dated 7th May. Wave analysis suggest that the larger wave ((3)) of the primary phase is still ongoing and currently only the sub-wave (1) of the intermediate phase is completed. Despite we are in a potential sub-3 wave ABC corrective wave, technical shows a strong contention of a bullish upside to complete the 2nd leg of wave B.
*Expected timeline of the trade is 5 weeks from the date of report issuance.
Standard deviation = 2
Red dotted line = Upper Bollinger Band
Blue dotted line = 20 Periods MA
Green dotted line = Lower Bollinger Band
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