Facebook is going higher and higher

Facebook has no sign of stopping.
The price has been on the uptrend since the early of the year.

So far, Facebook has increased for about 52%.
That's impressive gain there.

We can see that Facebook share is still on a strong uptrend.
EMA 50 is above EMA 150, and EMA 150 is above EMA 200.

EMA 50, 150 and 200 are also sloping up.
This is a good sign.

It seems Facebook still can continue the rally.

However, we can see that Facebook is going to test the resistant of the previous high.
If it can break that, that will be a strong sign that the rally will go up further.

If not, it will probably test the support at the EMA 200.

For Heikin Ashi candle, we can see that it is still showing continuous uptrend (shown in green).


Technical Analysis: Heikin Aishi | EMA