Thursday, August 20, 2015

Chart of the Day: Facebook and the Round Number Breakout

Today's chart of the day is Facebook, which despite a tepid earnings reaction this quarter is showing strong relative strength versus the market and looks to make a run to $100.

Keep an eye on this $100 level, which also is near the all-time high breakout level. Entry can be made on breakout or early in anticipation of the breakout.

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