Facebook, Inc. (FB) shares closed the first half of 2019 at $193.00, which became a key input to my proprietary analytics. The only level left over from the first half is its annual pivot at $181.70, which is now considered a value level. The daily chart shows a “golden cross,” and the weekly chart has been positive since the week of June 21, when the stock closed at $191.14. Fundamentally, Facebook is reasonably priced for a FAANG stock with a P/E ratio of 29.18 without paying a dividend, according to Macrotrends. The stock is one of four FAANG stocks under investigation by the Department of Justice. When Facebook reported earnings back on July 25, 2018, there was a huge gap lower on July 26 on missed expectations. This reflected the fall-out from the social media giant’s privacy scandals.  Facebook had a positive reaction to earnings released on April 24, and the stock popped to its 2019 high of $198.48 on April 25. Shares of Facebook then slumped with a correction of 18.9% to a low of $160.84 set on June 4. This low was a test of the 200-day simple moving average at $161.33 as a buying opportunity. In the longer term, Facebook stock is consolidating a bear ...