FACEBOOK Bull Flag

 

• First chart shows price near 20 Day SMA. Bulls need to close above this level for an up move to happen.
• 2nd chart shows price holding above the up trend line from 18 levels. Bulls need to sustain above this line for the bullish pattern to play out.
• Last chart shows the potential bullish flag pattern and the oversold stochastic indicator. Price closing above the resistance line of the flag may give a bigger up move.
• DOW JONES CHART UPDATE

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