May 1, 2013

FACEBOOK Chart update

  • Facebook trading above the falling resistance line of 4 Hour time frame. Closing near day High may extend gains towards 28 and above.
  • Price is testing 100 Day SMA. FB bulls need a close above this line to extend the up move.
  • Last chart shows price trying to close above 38.2% Fib level. Closing above it may extend gains towards 50% Fib level and above in the short term.

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