$FB new dynamic

If the action holds, FB has breached its 3-4 month negative trend.

The new trading dynamic should allow FB to trade towards the low 30s.  Probably 32 before a new catalyst is needed to push it higher.

FB does not lack catalysts.  As a company, they just have to keep executing on their current trajectory. But their ultimate catalyst, and one that I think will take it well into a +100B market cap, is their leverage of local search.  Many many people use social as their local search engine, and FB simply has to tap it. Wonder was a proof of concept, and that was developed a few months ago. It is only a matter of time before FB does the same.