Facebook gathers positive momentum - Analysis - 24-03-2017

Facebook's stock (FB) closed lower in the intraday levels, recording a loss of 0.04% in the last session, or 0.06 points, as the stock attempts to gather positive momentum to help it rise again, amid ongoing positive support from the SMA for the last 50 days period, as relative power indicators reached extremely oversold levels compared to the stock's own downward movement. 

Therefore we expect the stock to return higher in the coming trading, as long as it settles above 138.86, targeting the resistance of 145.88.