May 14, 2015

Facebook Chart analysis

  • Last chart shows the daily time frame with a possible Head and shoulders pattern taking shape. Right shoulders may form if there is an up move from the current levels.
  • Right now price is trying to stay above 200 SMA, If successful stock will move towards 83 levels again.
  • Break and close below 200 SMA will make it easy for bears of Facebook to take the stock towards 70 - 73 levels.
  • SILVER Triangle pattern: CLICK Here

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