The recent configuration which form a pullback pattern could attract a buyers interest.

From a fundamental viewpoint, revenue forecasts of the company have recently been revised upwards from the consensus of analysts. This leads analysts to be positive on the stock. The average consensus recommends the purchase or overweight on the value.

Technically Facebook’s shares have recently know a downward movement which has push the value on the USD 77.7 support, level which is coinciding with the 20-day moving average. This slight decrease does not affect significantly the long and medium upward trend and provides an interesting entry point to play the trend’s recovery.

To conclude, a buying position on Facebook could be opened in order to target the USD 81.45 resistance. A stop loss should be placed under the short term support currently tested.