4:49 PM
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| Technical Outlook for Facebook 29-7-2015 |
Facebook share moved yesterday in the average movement of 231 pips, its highest level at 95.56 and the lowest Level at 93.31 and closed at 95.29 to Gain 146 pips during yesterday’s Trading.
Facebook share opened today at 95.47 Facebook share is trading in up impulse waves inside ascending price channel above trend line
It is expected that Facebook share is heading targeting 97.90 as the target on time frame of four hours and until now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us the accumulation operations at the market
Today we could see violent swing in equity markets because of the economic data from the USA
Support levels: 93.88 and 92.47 and 91.63
Resistance levels: 96.13 and 96.97 and 98.38
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