Facebook returns higher - Analysis - 09-05-2016

Facebook's stock returned higher in the intraday levels, scoring a profit of 1.43% in the last session, or 1.68 points, with the dominance of the main upward trend in the medium and short terms along the trend line, coupled with ongoing positive pressure from the SMA for the last 50 days period, and finally, the stock settled above the support of 116.00. 

Therefore we reaffirm our positive outlook for the stock, targeting the resistance of 123.80.