March 21, 2014

FACEBOOK Support and Resistance levels

  • Facebook one hour chart shows price near the apex of a contraction pattern. Below 66.50 - 66 levels may lead to 50 Day SMA.
  • Weekly chart shows negative divergence with many indicators. Chaikin Money flow index is shown here in weekly time frame. This divergence will only be effective on a weekly close below 66 levels.

RCOM Chart update

  • Daily cloud of RCOM is acting as strong resistance.
  • Weekly chart too is getting resisted at 20 Week SMA.
  • Weekly MACD is looking good for bulls But price needs to break above the mentioned resistance levels for a bigger up move to happen.