March 2nd- Facebook poised to Rally?

FB-  Following a clear ABCD pattern, we think Facebook should rally in a reversal pattern to the upside off the 26.60 gap fill area. We entered a trade at 26.83 on Friday March 1st to test the waters. There is one more gap at 25.91 that may fill later, so we will keep an eye on that as well.

The Stock Reversals Team

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FB CHART