November 15, 2012

FACEBOOK Resistance levels and Range


  • Facebook moved up yesterday with good volumes.
  • Daily chart is nearing the crucial resistance level of 100 Day SMA. Last time stock was corrected from this level.
  • Daily chart also shows price in a consolidation range between 17 and 24. The GAP between 25.54 and 26.73 will act as stiff resistance if 100 SMA is crossed on closing basis.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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