Facebook

I normally don't look at stocks, but came across an interesting set-up developing in Facebook.  I see a fib cluster of resistance ~ 137.50 to 146.50.  This cluster contains fib projections from 5 different measured moves as seen on a weekly chart.  They date back as far as 2014 and give us a 1st resistance window of 137.46 to 150.73.  More importantly, if we look more locally, we have 3 measured moves made off the November 14 swing low @ 113.55.  These 3 MM's give a fib projection cluster ~ 134.95 to 155.47.  So, we basically have a range of 134.95 to 155.47.  I can narrow down this range to ~ 137.50 to 146.50 for a higher probability set-up with 141-144 being the potential sweet spot.  I will look for additional supporting clues as we trade higher into this range.