May 8, 2015

Facebook Triple negative Divergence and 200 SMA

  • Facebook daily chart is testing 200 Day SMA. Bulls need to protect this line to avoid further correction
  • Weekly chart is showing a Triple negative divergence with MACD. Triple divergence is a powerful reversal signal. But with all divergence price need to confirm the same with weakness or strength.
  • Weekly bulls safe till price stays above 50 Week SMA.
  • BIDU Chart analysis: CLICK Here

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