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| Technical Outlook for Facebook 8-6-2015 |
Facebook share moved yesterday in the average movement of 190 pips, its highest level at 96.96 and the lowest Level at 95.09 and closed at 96.36 to Gain 114 pips during yesterday’s Trading.
Facebook share opened today at 97.31 to break the triangle
Facebook share is trading in up impulse waves after breaking the price form called triangle
It is expected that Facebook share is heading targeting 98.70 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: 95.31 and 94.26 and 93.44
Resistance levels: 97.18 and 98.00 and 99.05
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