I think there's a very good possibility. Monday we will almost certainly cross the 50 day SMA at 23.05. It will close significantly higher to act as a support the next day. If we cross the average and it holds we will cross the gap of 24 and needless to say it will make shorts run like crazy. Even at this level we are at 50% off the 52 week high and a lot of investors have 10 to 35% paper gains and are in no rush to sell. More than 1 billion shares have traded in the 17 to 22 range. Bulls are in control now. Enjoy the ride!!!
Sentiment: Strong Buy
My prediction: Zuck's cheerleading last week was the business equivalent of a political convention. And it will fade as fast.
Friday's bounce was fueled by a lot of day traders jumping on the news...
So: Monday will find FB having an early surge up about 25 cents (possibly more in pre-hours trading); however, it will fade fast and Monday will find it losing Friday's gains.
The one caveat I see is: if the market has an overall "up-day" FB will close near Friday's numbers. Otherwise, it will fade. I think "Briveadus1" is spot on with October projection.