Elliot Waves are showing clear evidence of uptrend. Wave 3 is forming out of 5 up. Reaches 30 then three down waves to 28.5 then 5 more upward (here resistance will be broken at 32), then three down back at 29, then 5 large peak up to 35. If no war or crash of market FB will heat 40 in 6-8 weeks. Get out of margin shorts fast.
Yes, benzilla it is wishfull thinking for many folks. But the truth is that all it will take is a solid beat with positive guidance and it very well could happen. FB has been quite inovative and the amount of businesses and agencies who are regularly using FB is huge. It may not be this quarter when it breaks out, but then again maybe it will. We will know soon.