Facebook amid negative outlook - Analysis - 24-03-2020

Facebook's stock gave up 1.09% in the last session, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, while the RSI reached overbought levels. 

Therefore we expect more losses for the stock, targeting the support of 138.00, as long as the resistance of 160.00 holds on. 

Expected trend for today: Bearish