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Facebook- On The Verge Of A Down Trend

|Includes:Facebook (FB)

Broke the 100 moving average and want able to rise above it (marked with green arrows)

Broke the $27.4 support and didn't broke up.

Macd indicator bellow the zero line which shows us the stock is losing momentum

Conclusion: as long as the stock stays bellow $27.4 it will continue the bearish trend.

(click to enlarge)Click to enlarge

Stocks: FB