Facebook possible breakout soon
We might see Facebook possible breakout soon, as the price is very close to the resistanceline.
I would like to see the price break the resistanceline and retest. If that happens, then we have a clear bullish buy signal for Facebook.
Facebook has been in a sideways consolidation area since end July, so let’s see if now is the tiome for a bullish breakout or Facebook will fall down to the existing supportline.
On the Daily chart MACD, I have signal line giving bullish signal, but on weekly chart I have bearish signal on hte same indicator.
This means the daily and weekly chart do not agree 100%, so dont do trades before we get a more precise indication, probably some time next week.
Good luck trading.