FB broke below Monday's low of 33 and is trying to regain this area which is now 'acting' as resistance. Big battle going on to regain and hang on to this price pt of $33 to build a base. Good luck with that................................... On a technical note see how the 20ema has been below the 50ema which has been below the 200ema since the very beginning even on a 5 minute chart. And all price has been able to do is run up to the 20ema/50ema track and back off each time. Nice to see the technicals working so textbook even on a 5 minute chart of the famous overly hyped and erratic Facebook IPO with various other 'stories' about the "WHY"...... The chart always knows.................and doesn't really care 'WHY". There will always be a story to explain it all away. Some people never learn. Even your "Mama" stopped telling you stories after awhile.........................