Facebook was very hot among investors in 2015 and early 2016. Even at a time when the broad stock markets were going down (sharply) Facebook continued to make new all-time highs.

As it always goes in markets, a stock gets full attention of analysts and media when its price moves higher but it disappears to the background after it corrects. Most investors tend to follow the news; it is only a minority of investors who continue to follow a stock or market when it loses momentum.

Case in point: Facebook’s stock price is getting upgraded in recent days right at a time when it is ready to challenge its all-time highs. Investor’s Business Daily reports that Facebook’s stock price got upgraded by Raymond James. Nasdaq.com adds to this that the upgrade of Facebook’s stock price is due to a rising margin: the rhythm at which revenues' rise outpaces costs.

Investing Haven’s research team sees Facebook’s recent retracement as a bullish sign. Facebook’s stock price recently tested the bottom of its secular uptrend. It bounced higher which suggests there is sufficient bullish energy for Facebook to easily move to all-time highs in 2017.

The daily chart of Facebook’s stock price is even more interesting. Facebook’s daily shows the consolidation which started early 2016. The $132.50 level is quite important. Why? It is not only the stock’s all-time high, but a break above it would signal a bullish breakout which, in turn, would induce a lot of bullish energy. As said earlier, investors become excited once a price is rising. That is fueled by financial media. And it becomes a vicious cycle … at least for a while.