January 1, 2014

FACEBOOK Analysis after closing bell



  • Facebook Daily chart has formed  a Bullish Harami. This is a reversal pattern which works well when formed at crucial support or resistance levels. I have given the link containing the explanation for the pattern below this post.
  • Day has paused above 20 Day SMA and 38.2% Fib level. More falls only if these levels are taken out on closing basis. 
  • Weekly bearish candle formed at Upper Bollinger band continues to be valid.
  • INVESTOPEDIA EXPLAINS HARAMI PATTERN - CLICK HERE
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