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| Technical Outlook for Facebook 6-7-2015 |
Facebook share moved Last Thursday in the average movement of 106 pips, its highest level at 87.36 and the lowest Level at 86.30 and closed at 87.30 to Gain 10 pips during Thursday’s Trading, and Friday was Bank Holiday.
Facebook is moving in a series of down corrective waves around 23.6% fibo retracement and faced a critical support area last week
It is expected that Facebook share is heading targeting 86.10 as the target on time frame of four hours to make a little of correction 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 violent swing in equity markets because of the economic data from USA
Support levels: 86.61 and 85.92 and 85.55
Resistance levels: 87.67 and 88.04 and 88.73
For More Technical Outlook FxStations
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