Facebook (FB) technical analysis January 8, 2015

FB shares have been moving sideways since last August, in a rather tight range between 72,50 and 80. I would avoid any commitments here as a breakout from this range will show the way, so we cannot discount anything yet. Maybe this is a huge topping process or a consolidation phase that would lead to new historic highs. Time will show anyway.

FB, daily chart (1 year):

fb

Chart courtesy of StockCharts.com. http://stockcharts.com

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