Facebook shares have enjoyed an unbelievable run over the past week, as earnings that showed massive mobile growth, as well as excitement about mobile games, have brought the stock all the way back to the $38 price at which the company initially offered shares.
But that $38 level might also mark the end of the stock's recent bull run.
(Read more: Facebook nearing its IPO price. Here's why)
"Facebook, at current levels, is a stock that has recovered to a very difficult level where considerable overhead supply comes into play," Oppenheimer Chief Market Technician Carter Worth wrote to CNBC.com. "580 million shares of Facebook traded between $45 and $38 on the day of its IPO, so there are, by definition, a lot of 'dead bodies' above," or in other words, "hundreds of millions of 'pissed off' shares between $38 and $45 that are likely come onto the market as the stock probes into the high $30's and low $40's."
After all, Worth added: "The desire to 'break even' or to 'get my money back' is a very powerful phenomenon." For that reason, Worth advises selling Facebook shares.
(Read more: Facebook a 'small buy': Mark Mahaney)