My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 23, 2012
FACEBOOK Positive Divergence
Facebook continuing its down trend below 100 Hour SMA.
4 Hour chart shows consolidations leading to breakdowns.
But for bulls of Facebook a bounce might happen only if price starts to trade above 100 Hour SMA. Hour chart is showing positive divergence which may result in a bounce if price confirms.
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