Facebook (FB) has been on a steady rise in 2017. However, after the 9/25 session dip from near 170 to about 162, we can anticipate a period of consolidation or even further bearish correction.Facebook (FB) Daily Chart(click to enlarge)Bullish Trend:- First of all, let's acknowledge the prevailing uptrend. - I believe there is not a strong enough reason to believe FB will turn bearish. - Thus, I think the market will look to buy on this dip. Support:- As price kisses 162, FB has already found a rising trendline, with the 100-day simple moving average right below, around 160. - FB-bulls should find 160 a nice place to pick up on a dip.- we might also have support around 156.60, and then at 144.65. I think 150 is a nice average target for FB's bearish correction.RSI:- I think it is important to watch the RSI here. Since FB is in an uptrend, we should assess any RSI reading under 30 to be oversold. - Since 2013, it has been a pattern where when the daily RSI dipped below 30 and then returned above, we saw a continuation of the uptrend, where the next low and high will be higher. - So, let's look for price around 150, and the RSI to dip below 30 and dip back up. This should hint at an upcoming bullish continuation attempt.Facebook Inc. (FB) Is Falling After Zuckerberg Scraps Stock Plan(RTTNews.com) - Facebook Inc. ( FB ) CEO Mark Zuckerberg has abandoned plans to create a new class of company stock. A group of investors had sued over the proposal, which would have allowed Zuckerberg to retain voting control of Facebook but own a smaller share of the company's shares.... (nasdaq.com)