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| Technical Outlook for Facebook 17-6-2015 |
Facebook moved yesterday in the average movement of 104 pips, its highest level at 81.43 and the lowest Level at 80.38 and closed at 80.97 to Gain 24 pips according to positive of building permits from USA.
Facebook opened today at 81.78 close to the upper limit of the triangle
Facebook moves in a series of up impulse waves in the price form.
It is expected that facebook share is heading targeting 80.40 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: 80.42 and 79.87 and 79.37
Resistance levels: 81.47 and 81.97 and 82.52
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