With midterms ending several things will happen: 1) politicians will stop pandering for votes citing data privacy 2) risks of election meddling over 3) general de-risking of broader markets from midterms being over.
Technicals also support a move up with FB having broken out of the falling wedge and an inverse H&S forming with right shoulder buy zone in the gap from earnings. Clear neckline visible from lower highs on the way down. There have also been heavy action on 155 calls at year end. PT is the top of the current downward channel or the bottom of the 5 yr trend line, whichever it hits first.
Technicals also support a move up with FB having broken out of the falling wedge and an inverse H&S forming with right shoulder buy zone in the gap from earnings. Clear neckline visible from lower highs on the way down. There have also been heavy action on 155 calls at year end. PT is the top of the current downward channel or the bottom of the 5 yr trend line, whichever it hits first.