$FB Oversold - Falling Wedge

FB Facebook looking slightly oversold forming a falling wedge pattern. Assuming lower trendline holds later this week, expecting a bounce in the very near term to the $195.00-$197.50 area. Monitor for a break out of the wedge pattern.

Very likely in my opinion that this is back above $200 by next earnings release late July.












Note: Observation/opinion, not investment advice.