FACEBOOK Bearish Engulfing

• FACEBOOK Daily chart shows a bearish engulfing pattern. For bears need confirmation with price follow up and volume increase on the downside.
• Daily chart also shows negative divergence with price and RSI. 
• For bulls price need to sustain above 50% Fib level as shown in the last chart. Sustaining above 50% Fib level may negate the above bearish View.
• RIMM CHART UPDATE

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