There is really no conviction in this stock. The volume the action is ho hum. There is more notable resistance around 29. With no momentum if FB breaks 29 it may still just float around. It will need some sort of catalyst and there is none in the foreseeable future.
I agree with you here. The stock needs a surprise catalyst badly. I wonder if the new newsfeed unveiling next week will reveal some new features that will help deliver ads more effectively or something like that.