Facebook starts recovering - Analysis - 24-01-2017

Facebook's stock rose in the intraday levels, scoring a profit of 1.49% in the last session, or 1.89 points, after leaning on the important support of 126.75, lending it some positive momentum that helped it recover, amid the dominance of the main upward short-term trend, with ongoing positive pressure from the SMA for the last 50 days period.
 
Therefore we expect more gains to come for the stock, targeting the resistance of 131.98, as long as the support of 126.75 holds on.