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| Technical Outlook for Facebook 13-7-2015 |
Facebook share moved last Friday in the average movement of 135 pips, its highest level at 88.13 and the lowest Level at 86.78 and closed at 87.94 to Gain 55 pips during Friday’s Trading.
Facebook is moving in a series of down corrective waves above 23.6% fibo retracement and face a critical support area last week
It is expected that Facebook share is heading targeting 86.50 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: 87.10 and 86.26 and 85.75
Resistance levels: 88.45 and 88.96 and 89.80
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