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| Technical Outlook for facebook 21-6-2015 |
Facebook moved last Friday in the average movement of 80 pips, its highest level at 82.87 and the lowest Level at 82.05 and closed at 82.42 to lose 36 pips according to USA economic data.
Facebook moves in a series of up impulse waves after breaking the triangle which leads it up to new highs
It is expected that Facebook share is heading targeting 83.55 as the target on time frame of four hours 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 medium trading because of the lack of the economic data from USA
Support levels: 82.02 and 81.62 and 81.20
Resistance levels: 82.84 and 83.26 and 83.66
For More Technical Outlook FxStations
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