- Facebook daily chart shows price trying to move up from near 100 Day SMA.
- But bulls were unable to close the day above 20 SMA. If the up move continues 50 SMA will also act as resistance. There is a bearish cross in chart with 20 and 50 Day sma which will favor bears.
- MACD may give a Buy signal But price has to sustain above 20 sma for it to do well.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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