Recently, Facebook $FB rallied sharply from around $160 a share to above $170 after earnings beat estimates. This rally could have triggered a bullish continuation, but it is still not clear as price retreats from a key resistance after cracking it .Facebook Daily Chart(click to enlarge)Resistance:- On the daily chart, we can see that there is a key resistance area around $175. - The moving average cluster is around here. There is also a support/resistance pivot area around here. - Price cracked this resistance last week, but has since retreated back below $175. - Furthermore, the RSI is still holding below 60, which suggests maintenance of the prevailing bearish momentum.- So far, price action looks tentative after the breakout, but that could simply be a function of overall market sentiment, which is also tentative. - If price falls below $168, the bullish continuation attempt could be a failure. - If price holds above $170 for the most part, we can be more confident on the bullish continuation outlook.