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| Technical Outlook for Facebook 17-8-2015 |
Facebook share moved last Friday in the average movement of 154 pips, its highest level at 94.64 and the lowest Level at 93.16 and closed at 94.36 to Gain 100 pips during Friday’s Trading.
Facebook share opened today at 94.00
Facebook share is trading in up impulse waves inside the wedge.
It is expected that Facebook share is heading targeting 95.10 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
Technical outlook is very important for the traders to take benefits from stock market. Epic Research offers updates of each movement timely to the traders.
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