Facebook gathers positive momentum - Analysis - 13-10-2017

Facebook's stock (FB) fell in the intraday levels, recording a loss of 0.11% in the last session, or 0.19 points, as the stock tries to garner momentum to help it rise anew, by venting off the overbought saturation in the RSI, with the dominance of the main upward short-term trend, coupled with positive pressure from the 50-day SMA, as the stock readies to tackle the pivotal resistance of 174.00. 

Therefore we expect the stock to return higher, provided it pierces the resistance of 174.00, targeting the next one at 184.09.