- Price closed below 200 Day SMA. Price may attempt a partial filling of the GAP which is likely to end at or near 200 Day SMA.
- Weekly chart closed below the cloud which is negative the long term trend for the stock.
- Weekly chart also shows a triangle breakdown which is likely to take price towards 7.29 levels in the medium term.
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- Facebook daily and One hour chart shows price nearing resistance level at 25.
- Price also near 38.2% Fib level.
- Bulls of FB need a close above these levels for a bigger up move to happen.
