The stock recently tested its massive Double Top area resistance. These are the levels previously tested only in 2010. We are examining the long term Monthly Charts. Being slightly overstretched, minor pullback inside the range may be seen. However, a fresh buy signal on Stochastic is seen on Monthly Charts. RSI is seen marking higher bottoms and is seen...
Formation of a minor double top was seen around 750-mark and after that the stock has seen an extended corrective move taking it well below the 200-DMA mark. Though the trend may not reverse, but the stock is set to see some technical pullback. An attempted to reverse the trend has been with some consolidation that was seen in the 560-575 zones. Daily MACD remains...
The stock tested highs at 1425 in the early part of 2018 and since then has been under corrective consolidation. The stock formed a base around its multi month pattern support area of 1190-1220 which falls within close vicinity of the 200-DMA. After pulling back, stock attempted a breakout while closing above its upper Bollinger band. However, it saw a temporary...
Peaking out in the month of September 2017, the stock has not made any significant gateway since then. Presently, it has formed a double top at 5440 levels and is attempting to break out of this formation. Weekly RSI marked a fresh 14-period high which is bullish. Weekly MACD has shown a positive crossover and it is now bullish while trading above its signal line....
Facebook (FB) is poised for a technical pullback. A failure swing is observed. RSI is seen marking a higher bottom and is inching upwards. A technical pullback up to 180 cannot be ruled out.