Facebook recently reversed up with the daily Morning Star from the support area lying between the support level 203.00, lower daily Bollinger Band and the 38.2% Fibonacci correction of the pervious impulse wave from October.
The upward reversal from this support area started the active short-term impulse wave 5.
Facebook is likely to rise further toward the next resistance level 215.00 – the breakout of which can lead to further gains toward major resistance level 225.00.
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