Wednesday December 12th, 2018 by Mike Paulenoff FB-- has pushed above key resistance at 145.90-146.20, as it pokes its head above the upper boundary zone of its Aug.- Dec. bearish price channel, which if sustained, is a significant positive technical development that triggers near term upside potential to 151-153 and thereafter, to 158-162. Only a sudden downside reversal that presses FB beneath 141.50 will invalidate the upside breakout signal... Last is 146.29/30Mike 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 yesterday also. I am currently not watching FB. But will say it is important after it breaks above the down channel that it does not fall back again. Otherwise a false breakout."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.