Emma Asma Cornwall
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Facebook technical picture for next couple of weeks looks constructive

If we look at technical picture of Facebook (FB), we can see a couple of bullish flags on daily chart, and that is a healthy sign. Probably there's no need to take into consideration that 1-day fallout, as it was compensated during next sessions.

Well right now the stock might seem a bit overbought, but over the course of next couple of weeks it can still rally. As for today and tomorrow, I think everybody remembers what it happening tonight. FOMC MEETING CONCLUDES! I'd really suggest to wait with new long positions on any non-defensive stocks. Today is not the best day, better to be on safe side)

Anyway FB is to be considered next week.