May 27, 2016

Facebook Trend update

 
 
  • The trend for Facebook remains strong as price continues to trade above all crucial moving averages. Price in daily chart is trading in a range between 115 and 121.  These ranges in an up trend usually resolves in favour of bulls but there is a GAP below 115 which is yet to be faded if price does not go through the resistance(121) soon then bears may come back to fade this GAP.
  • CRUDE OIL WEAKNESS @ RESISTANCE LINE
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