FB - Did ZUCK Pull it Off?

Hey All - I thought it appropriate to take a look at FB in light of Mr. Zuck's testimony today. After a very rough month, FB has put on 16 points from its recent low of 149.02, but is still roughly 30 points off its all time high of $195.32. Essentially its retraced about 1/3 of its drop. Obviously the fall swift and there is not a lot in the way of overhead resistance. I don't typically play in this space from a trading perspective, but the one year trend line that served as support before the free fall may be the first place of real resistance if FB is going to recover. It's interesting to note that FB has had several 20% drops over the last few years on its way to 195. Perhaps Zuck's testimony is just the thing that FB needs to begin moving forward again! Initial consensus is that he passed with flying colors! Happy Trading!
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