January 16, 2013

FACEBOOK Chart update


  • Facebook correcting after the bearish engulfing pattern. Yesterday's attempted up move did not last long.
  • Now immediate support levels for the current fall is the 38.2% Fib level as shown in the last chart. If the correction extends price could test the previous resistance levels of 28.75 or the rising 20 Day SMA before moving up again.

No comments:

Post a Comment