Facebook faces strong resistance - Analysis - 09-10-2019

2019-10-09 15:19:00 GMT (Economies.com)
 

Facebook's stock retested the resistance of 179.21, amid the dominance of the downward short-term wave, with negative pressure from the 50-day SMA and the RSI after reaching overbought levels. 

 

Therefore we expect the stock to decline and target the support of 171.90. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0941
0.0126
1.1627%
1.2873
-0.0075
0.5765%
Tadawul
7575.33
-135.79
1.76%
18.040
-0.453
2.450%
47.705
-5.628
10.553%
52.49
-0.98
1.83%
1647.995
4.350
0.265%
 
 
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