Here's a sixth-month chart of Facebook (NASDAQ:FB) showing how it continues its recent bounce off last month’s low. However, its recent bullish trend may get severely tested at $110.75, a strong level of resistance that FB has touched on twice within the last 2 days.

Right now I’m seeing horizontal support at $100, a powerful round number that has proved as support on several occasions already this year. Resistance looks about to be tested at $110.75, with the stock’s all-tIme high of $117 the next likely point of resistance. The stock is currently trading towards the high side of its support/resistance range, with 100 being the bearish under, and 110.75 the bullish over.

FB PayDayCycle Status right now has been downgraded from a +2 to a +1. This is because, currently, it sits lower than yesterday's close. The stock has also been in a bullish PayDayCycle winning streak for 6 straight days, and may be nearing the end of its run.

PayDayCycles are 4-8 day trends in stocks that help people swing trade. To learn more about PayDayCycles make sure to grab the free Swing Trading Class on the right sidebar

The MACD is extending its streak to six green bars in a row, indicating a continuation of bullish momentum.

Overall, it looks like FB is continuing to trend bullish, though its upward trajectory, as seen in the gold diagonal line, could be encountering strong resistance right at today's current level.