Facebook amid positive outlook - Analysis - 12-03-2021

Facebooks' stock (FB) rallied 3.39% in the last session while shaking off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 304.50, provided the resistance of 276.90 was breached. 

Expected trend for today: Bullish