When FB didn't close above 60 yesterday this may be a new lower high in the trend. Appears that it will move lower again today if that is the case. Will see how it plays out but it sure has responded strongly to the upside on good news.
Facebook is still in a long term uptrend. Unless it breaks below the mid-40's it will remain that way. Right now it is in a consolidation phase which is at the lower end of an months long upchannel well above the longer term trend line. FB could definitely go lower today, even tomorrow, but unless it breaks below $54.72, we are still good to go.
To clarify, $54.72 is the last low point connecting the months long up channel. A break of that would not be welcome, but we would still be in a long term up trend unless we break below the mid-40's. Wish I oould post a chart.