December 31, 2013

FACEBOOK Chart update

  • Facebook weekly candle shows perfect price action for bears followed by the bearish weekly candle of last week. Now Bears need to takeout 52.91 level which was the low of a previous weekly candle.
  • Daily chart too is approaching crucial support levels like 20 Day sma and 38.2% Fib level which has to be broken on closing basis for a bigger fall to happen.

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