Technical Analysis – Facebook in bearish correction mode; pauses on 23.6% Fibonacci level
Facebook stock price has been heading sharply lower over the last three days, hitting the 23.6% Fibonacci retracement level at 175.93 of the upleg with the low of 114.00 and the high of 195.10. The price extended its losses following the pullback on the 185.60 resistance level and the short-term momentum indicators are confirming the […]