February 28, 2013

FACEBOOK Divergence and Support levels

  • Facebook daily chart with price and MACD histogram shows Positive divergence Not very prominent But its the support levels that will keep the bulls interested.
  • Price is near its 100 Day SMA and 20 Week SMA So correction may extend some more But price is likely to hold above 50% Fib level and 100 Day sma for an up move to start.

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