Facebook exposed to negative pressure - Analysis - 06-01-2021

Economies.com
2022-01-06 11:52AM UTC

Facebook's stock (FB) tumbled 3.67% in the last session, trespassing the support of the 50-day SMA, with negative signals from the RSI, settling at 324.17, while trading alongside the main upward medium-term trend line.

 

Therefore we expect more losses for the stock, targeting the support of 308.00, provided the resistance of 350.80 holds on.

 

Expected trend for today: Bearish

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