Monday, August 20, 2012

FaceBook - How Low Can It Go?

Readers want to know where Facebook (FB) seems headed and I'll let the technical indicators and charts tell you that:


Barchart technical indicators:
  • 34.42% down during the month
  • 50.67% off its previous high
  • Relative Strength Index 28.71%
  • Recently traded at 18.84 which is below its 50 day moving average of 27.10
Conclusion:  Only seems to be one conclusion - the support level has still not been reached



No comments:

Post a Comment