October 25, 2012

Facebook Chart Analysis

  • Facebook Daily chart shows price with two unfilled GAP's. Price sustaining below 22.54 level should start to fade yesterday's GAP.
  • Price is unable to close above 100 Day sma. If bulls make it above 100 SMA then price may test the GAP between 24.54 - 26.73.
  • There is a MACD Buy signal in daily chart which needs price to stay above 100 SMA for doing well.
  • IWM CHART ANALYSIS
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