FB Breaks Above its 5 month Bearish Price Channel

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 146.29/30