March 28, 2013

FACEBOOK Chart update

  • First chart shows price moving up towards the falling resistance line.
  • Price has managed to comeback above the 200 Day SMA.
  • Last chart shows the Bullish falling wedge pattern with immediate target of 20 Day SMA which may also coincide with the falling resistance line shown in first chart. For a big up move price must close above 20 SMA and the falling resistance line.

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