Friday December 14th, 2018 by Mike Paulenoff FB-- Amid a sea of red today, FB is circling unchanged, and is acting relatively well as it appears to be digesting its gains from the last Friday at 137.00 (prior to the company announcement of a $9 billion stock buyback) into Wed.'s "breakout" recovery high at 147.19. As long as any forthcoming FB weakness is contained above the 141.50 area, the near term pattern has potential to launch FB in to another thrust that tests and takes out 147.19, in route to 151-153, and possibly to 158-162 thereafter. Last is 145.17/18Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com * Tiger's Take: "I am really posting for my readers, Mike posted Facebook a lot recently. I am currently not watching FB. It seems his chart work is saying Facebook stock is finding a bottom and trying to breakout with the implication it can go higher from here."Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.