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| Technical Analysis for Facebook 7-7-2015 |
Facebook share moved yesterday in the average movement of 170 pips, its highest level at 88.06 and the lowest Level at 86.38 and closed at 87.47 to Gain 82 pips during yesterday’s Trading.
Facebook is moving in a series of down corrective waves around 23.6% fibo retracement and faced a critical support area last week
It is expected that Facebook share is heading targeting 86.10 as the target on time frame of four hours to make a little of correction and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us starting of accumulation operations at the market
Today we could see violent swing in equity markets because of the economic data from USA
Support levels: 86.54 and 85.62 and 84.86
Resistance levels: 88.22 and 88.98 and 89.90
For More Technical Outlook FxStations
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