There’s finally enough chart data for Facebook to allow the canny Pivoteer to hazard a prediction about where it’s headed.  Although I’ve already said in my commentary that the company would eventually wind up in the dumper, just another passing fad, from a technical standpoint its immediate destiny would appear to be no worse than 13.97 — a 30% fall from current levels. I consider that target an absolute lock-up because of the way the downtrend crushed the midpoint pivot at 23.71. Some speculators, as stupid as they were greedy, paid as much as $45 for the stock when it began trading in mid-April. It couldn’t have happened to a more deserving bunch.