Short
Facebook - Price Reversal Likely
Facebook hit a new all-time high today.
Two days ago, very strong volumes pushed the price just over the long term resistance.
However, the high RSI and stochastics combined with a lack of volume (yesterday and today) suggest we are due for a correction.
Two days ago, very strong volumes pushed the price just over the long term resistance.
However, the high RSI and stochastics combined with a lack of volume (yesterday and today) suggest we are due for a correction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.