Facebook Inc Forecast


Facebook Daily Chart
Facebook - Daily
Facebook, the social networking giant being traded on the NASDAQ has been in a bullish trend since the first week of September. As we can see from the image, the stock has faced some resistance at the H5 Camarilla level of 22.48 and that happened just near a Gann reversal date which was the 18th of September 2012.
We can see from the charts again that the reversal was not confirmed and hence we may expect some more upside in the coming few sessions. The Gann reversal dates in the near future are as follows :
14 and 22 trading days counted from the 4th of September 2012. The 26th of September is also a significant reversal date. Traders may remain long and expect the stock to penetrate the H5 level to touch new highs while keeping an eye on the forthcoming reversal dates.

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