May 30, 2015

  • Weekly chart shows negative divergence. The divergence has been happening for sometime without any major correction.
  • Facebook bears need a weekly close below 50 Week SMA for bigger falls to follow.Bulls need to stay above this line to keep the up trend safe.




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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore