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Facebook Bearish

Facebook seems to have a dark cloud looming above them. They had a very strong bullish trend since going public and all has been smooth sailing for them, buying competition pretty much helped them a lot. I am expecting bears to take control of this pair for some time to come. Price failed to penetrate the trendline, turning that old support into resistance. Enjoy your profits ladies and gentlemen
Chart PatternsfacebookFacebook (FB)Trend Analysis

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