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.%
1.0874
0.0060
0.5581%
1.2315
0.0078
0.6354%
Tadawul
6947.51
86.59
1.26%
15.171
0.754
5.233%
27.052
-1.762
6.117%
33.91
0.86
2.60%
1650.760
30.760
1.899%
 
 
News Today