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| Technical Outlook for Facebook 28-7-2015 |
Facebook share moved yesterday in the average movement of 245 pips, its highest level at 96.29 and the lowest Level at 93.82 and closed at 94.03 to lose 210 pips during yesterday’s Trading.
Facebook share opened today at 94.64 and went down to 94.06 to make a little of correction
Facebook share is trading in up impulse waves inside ascending price channel.
It is expected that Facebook share is heading targeting 96.00 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: 93.13 and 92.24 and 90.66
Resistance levels: 95.60 and 97.18 and 98.07
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