Face the Face

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Facebook earnings just tumbled out, and the reaction is strongly positive.

From the daily chart perspective (and this doesn’t take into account after-hours action), the gap that needs to be sealed is at 214.52. This has already been accomplished after hours, but it needs to do it during Thursday’s normal day session. If it does, then 100% of the privacy scandal woes will be behind them. They had lost nearly 50% of their value (hard as that is to believe), but almost all the damage is in the rear view mirror at this point.

Here is some celebratory music for FB bulls: