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 skidded and pierced the support of 172.61, while hurt by exiting an ascending price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, with negative signals from the RSI after reaching oversold levels.
Therefore we expect more losses for the stock, especially if the support of 159.45 was breached, targeting the next one at 145.69.
Expected trend for today: Bearish