Facebook Inc. (FB) has been stuck in a sideways trading pattern for about six months. Longs and shorts have been frustrated but prices and the indicators have strengthened enough in the past month tilting the odds to the upside.
Let's check out the charts of FB and you may like what you see.
In this first Point and Figure chart of FB, below, we can see a bullish price projection of $211.
In this second Point and Figure chart of FB, below, we used weekly close-only prices to generate the chart. Here the price target becomes the $329 area.