May 1, 2015

As mentioned in the last Facebook Inc stock price technical analysis, the stock prices is forming a double top. Price is doing a reversal when forming double top, or double bottom.

Setup only fail, when the pattern completed.

Facebook Inc stock price has been trapped in a channel. Look in more details, analyse moving averages, such as River. All shows an potential of reversal. The price is in a bearish bias.

April 29, 2015 Facebook Inc

What April 30, 2015 price action say about the traders emotions?

Price has broken below the channel and 100 MA. However, there are a lot of obstacles. Even the bearish bias is true, it will be more zigzag than usual, properly.

More information showing bearish bias. See MACD indicator for more info.

All setup can fail, before Bearish bias change just be careful on your trade.

April 30, 2015 Facebook Inc

Thanks for visiting the AmiBrokerAcademy.com.

 Moses

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