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 new loss of 0.54% in the last session, or 1.01 points, amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, as the stock tries to gather momentum to help it rise anew, while the RSI reached extremely oversold levels compared to the stock's movements.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 195.32, as long as the support of 177.01 holds on.