If Facebook had not already bottomed, It will not go down more than the necessary amount to stop out the next biggest entry and then trend higher.
If I knew what the leverage is, I would have posted the number.
More likely, it will not stop the next biggest entry, and will establish a new up-trend from here.
Facebook is powered by two different factors:
Inflation - stock market bullyish
Population growth that helps fuel its userbase.
Buyback may also join if Facebook's management is smart.
If it will not happen soon it will mean to me either that its management is financially dumb,or that they know about more bad news down the road.