March 25, 2018

Facebook Weekend update | Price below 200 SMA

  • Price closed the week at the lows. Price broke crucial support zone of 175. 
  • Daily time frame is also staying well below 200 SMA.
  • Daily is likely to give the death cross soon with 50 SMA moving below 200 SMA. 
  • Any bounce towards these moving averages are likely to face stiff resistance from bears.
  • Hourly bearish momentum will stay intact below ichimoku cloud.

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