Tuesday, June 16, 2015

Technical Outlook For facebook 16-6-2015
Technical Outlook For facebook 16-6-2015


Facebook moved yesterday in the average movement of 84 pips, its highest level at 80.85 and the lowest Level at 80.01 and closed at 80.64 to Gain 12 pips, according to the economic data from USA during yesterday’s trading.

Facebook opened today at 80.74 and now is trading around 81...

Facebook moves in a series of up impulse waves in the price form.

It is expected that face book share is heading targeting 79.30 as the target on time frame of four hours 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 medium trading because of the lack of the economic data from USA

Support levels: 80.15 and 79.66 and 79.31

Resistance levels: 80.99 and 81.34 and 81.83

For more Technical Outlook fxstations

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