Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Facebook's stock rose in the intraday levels, scoring a fresh profit of 0.86% in the last session, or 1.07 points, amid the dominance of the main upward trend along the trend line, with an influx of positive signals from relative power indicators, coupled with ongoing positive pressure from the SMA for the last 50 days period.
Therefore we expect more gains to come for the stock, targeting and readying to tackle the resistance of 128.33, as long as the support of 122.07 holds on.