Facebook emits mixed signals - Analysis - 23-12-2021

Facebook's stock (FB) fell 1.12% in the last session, settling at 330.45, while trading within a descending correctional price channel that guided recent short-term trading, with negative pressure from the 50-dday SMA, while trading alongside the main upward medium-term trend line. 

Therefore we expect the stock to rise and target the resistance of 350.80, provided the pivotal support of 321.40 holds on.

Expected trend for today: Bullish