May 26, 2013

FACEBOOK Weekend update

 
  • First chart shows price closing below 200 Day SMA. This chart also shows this down move started with a Dark cloud cover candlestick pattern which has done well so far.
  • 2nd chart shows price not holding a possible support line which is likely to strengthen this down move.
  • Only hope for bulls now is the golden ratio. If price takes support around these levels we may see a pullback.
  • APPLE IN A DIAMOND PATTERN