Its is support not resistance.
Resistance today was for it to get above $19.31.
Support was $19.01.
The Market makers were able to pin it here today. Look at the volume and open interest on the
calls and puts.
It's called support and it was definitely orchestrated by someone like Morgan Scumley. At some point, Wall Street criminals may actually have to rally this to save some face. This is truly one of the most horrific events ever seen by the stock market. Not only is the Facebook brand imploding on this bad PR but it is also going to affect Helicopter Ben's super pumped market at some point. We all know that the Federal Reserve will not stand for a declining market.
Even though it held 19, how long can the MM and institutional insiders hold this up. It was relativity easy with a 400mill float, but when float increases to over 2Bill in the next few months, all bets are of that WS will be able to manipulate a dead stock.