November 28, 2013

FACEBOOK Chart update

  • Facebook daily chart shows price taking support near 100 day SMA. No bullish turnaround yet. A pause in falling on price trading above the falling resistance line, Strength only on trading back above 50 Day SMA.
  • Weekly chart is also trying to do a bullish reversal candle at 20 Week SMA. Candle closing at the current levels or higher would confirm a bullish weekly candle.
  • APPLE Chart analysis

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