Facebook: Rally is expected after a tiny correction
Target: $470
Facebook is moving in the rising channel . It broke through the median line and heads toward the bottom one as the price corrects after it got rejected from the 1 Fibonacci Extention level ($384).
At the moment it is in the 4th wave of Elliot Wave Theory, which will be finished at either $330 or $300 level.
The target for wave 5 is $470.
As yesterday the price met 0.786 Fibonacci level and today (28.09) the as S&P500 feels bad we await the price to get rejected from this level and move towards $330.
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102357381 : Hi yesterday is rally and price close $353, today drop so much to $339, will it continue to drop further?