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| Technical Outlook for Facebook 15-7-2015 |
Facebook share moved yesterday in the average movement of 109 pips, its highest level at 90.70 and the lowest Level at 89.61 and closed at 89.62 to Lose 56 pips during yesterday’s Trading.
Facebook is moving in a series of up impulse waves to record a new high at 90.13
It is expected that Facebook share is heading targeting 91.00 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: 89.25 and 88.88 and 88.16
Resistance levels: 90.34 and 91.06 and 91.43
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