Technical Outlook for Facebook 17-8-2015

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

Support levels: 93.46 and 92.57 and 91.98
Resistance levels: 94.94 and 95.53 and 96.42

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Technical Outlook For Facebook 3-8-2015

Technical Outlook for Facebook 3-8-2015

Facebook share moved last Friday in the average movement of 230 pips, its highest level at 96.26 and the lowest Level at 93.98 and closed at 94.34 to Lose 52 pips during Friday’s Trading.

Facebook share opened today at 93.29

Facebook share is trading in up impulse waves above trend line

We saw the share achieved our target at 94.70

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

Support levels: 93.46 and 92.58 and 91.18

Resistance levels: 95.74 and 97.14 and 98.02

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