Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 23, 2012
FACEBOOK Positive Divergence
Facebook continuing its down trend below 100 Hour SMA.
4 Hour chart shows consolidations leading to breakdowns.
But for bulls of Facebook a bounce might happen only if price starts to trade above 100 Hour SMA. Hour chart is showing positive divergence which may result in a bounce if price confirms.
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