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. 


No comments:

Post a Comment