May 27, 2014

FACEBOOK Chart update



  • Facebook is trying to stay above its 50 Day SMA.
  • 2nd chart shows a clear triangle breakout towards higher levels.
  • Last chart the weekly time frame shows price struggling at 20 Week SMA. Previous weekly candles failed to close the week above this level. Week must close above 20 Week SMA for bigger up moves to happen.
  • SINA BULLISH ENGULFING AND WEEKLY SUPPORT ZONE
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