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| Technical Outlook for Facebook 22-7-2015 |
Facebook share moved yesterday in the average movement of 200 pips, its highest level at 99.11 and the lowest Level at 97.11 and closed at 98.29 to lose 79 pips during yesterday's Trading.
Facebook share opened today at 96.78 to make a little of correction
Facebook share is trading in up impulse waves inside ascending price channel.
It is expected that Facebook share is heading targeting 99.20 as the target on time frame of four hours and until now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us the accumulation operations at the market
Today we could see violent swing in equity markets because of the economic data from the USA
Support levels: 97.23 and 96.17 and 95.23
Resistance levels: 99.23 and 100.17 and 101.23
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