March 8, 2013

FACEBOOK Support and resistance levels

  • Facebook daily chart shows price moving above 20 Day SMA. Bulls need a close above this level to extend the current up move.
  • 4 Hour charts are shown with resistance levels. Fib levels shows 50% Fib level and previous support level may act as resistance.
  • Price also testing 4 Hour cloud which may prevent a bigger up move from happening.

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