Technical Outlook for Facebook 24-6-2015

Technical Outlook for Facebook 24-6-2015

Facebook moved yesterday in the average movement of 289 pips, its highest level at 87.88 and the lowest Level at 85.04 and closed at 87.82 to Gain 277 pips according to positive economic data from USA.

Facebook is moving in a series of up impulse waves after breaking the triangle which leads it up to new highs

Facebook share achieved our target at 85.50

It is expected that facebook share is heading targeting 86.00 to make a little of correction then resume its rally to 89.70 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: 85.94 and 84.07 and 83.10

Resistance levels: 88.78 band 89.75 and 91.62

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