If you polled 10 average investors, 9 would be bullish on Facebook (NASDAQ:FB). This alone should make you bearish but there is more concerning price action on the social media stock. The last earnings announcement in early February 2017, saw the stock pop to $137.50 after-hours. This will not show on the stock chart because it was after-hours. However, the $137.50 level is extremely important to a technical trader. After reporting earnings and popping higher, the stock sold off, opening the next day flat and selling off. Since the earnings price action, the stock has moved higher but has NEVER closed above $137.50 on any day. Today, Facebook was above $137.50, trading as high as $138.37 before reversing sharply. This again proves this is the line in the sand for technical traders and investors to watch. As long as the stock does not close a day above $137.50, the price action says get short and heavily. This stock is likely headed to a downside target of $115.00. If the reversal today holds, the stock will have a technical topping tail in place which is a huge bearish signal. There are huge profits available for shorts if investors have the guts to pull the trigger.