- Facebook testing crucial support zone
- Bulls also trying to stay above 50 Day SMA
- More weakness on a daily close below 50 day SMA.
- FACEBOOK WEEKEND UPDATE
March 10, 2015
- Infosys daily chart shows range breakdown.
- Bulls of Infosys should protect 50 and 100 SMA to avoid a bigger correction. One can see the 100 SMA acting as strong support as shown in 2nd chart. Bears must close below 100 SMA for bigger falls to happen.
- Weekly MACD Looks good for bears. But this set up need the 100 SMA to break. Close below 100 SMA will help the Weekly MACD Bearish setup