- Daily chart shows another weak candle at 200 Day SMA. For now its not looking good for Crude oil bulls, But price is yet to violate 20 Day SMA.
- Close below 4 Hour cloud may confirm weakness for the up move.
- FACEBOOK Chart analysis: CLICK Here
May 14, 2015
- 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