Facebook, Inc. (FB) Resistance, pivot & Support Levels - 8/31/2012
Resistance levels: $19.73, $19.59, $19.34
Pivot point: $19.2
Support levels: $18.95, $18.81, $18.56
Share of Facebook, Inc. (FB) is trading over $19 because of Facebook (FB) has its price target cut to $23 from $35 at BAML, which cites future lockup concerns. The next big day expiration day is November 14. Shares +1.2% premarket. Take that Merrill Lynch. Far more ominous for Facebook: "Many are tired of (it)," says Jim Cramer. "When you drop off kids to school, you learn they like Twitter a heck of a lot more than Facebook.".FB has resistance level at $19.45 support at $15-$16 if broke $18 next support level is low $10s. Here is live chart to look for trade.
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