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 (FB) fell in the intraday levels, recording a loss of 0.33% in the last session, or 0.57 points, and leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms, while getting buoyed by a positive pattern that formed recently, the Falling Wedge pattern.
Therefore we expect the stock to return higher, provided the support of 170.12 holds on, targeting the important resistance of 178.36.