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| Technical Outlook for Facebook |
Facebook share moved yesterday in the average movement of 220 pips, its highest level at 94.98 and the lowest Level at 92.79 and closed at 93.61 to Gain 35 pips during yesterday’s Trading.
Facebook share opened today at 93.82
Facebook share is trading in up impulse waves above the trend line
It is expected that facebook share is heading targeting 91.50 as the target on time frame of four hours and until now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us the distribution operations at the market
Today we could see violent swing in equity markets because of the economic data from the USA
Support levels: 92.60 and 91.60 and 90.41
Resistance levels: 94.79 and 95.98 and 96.98
More Technical Outlook FxStations
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