September 25, 2012

FACEBOOK Chart analysis

  • Up move of Facebook has hit resistance before it could test the crucial GAP between 24 and 26.
  • Price could not sustain above 50 Day SMA. Stock fell exactly from the daily cloud
  • Price is testing 20 Day SMA, Daily close below 20 SMA could lead to newer lows in Facebook.
  • SPY SUPPORT LEVELS
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