Facebook falls alongside the main upward trend line - Analysis - 20-08-2019

Facebook's stock returned lower in the intraday levels amid negative pressure from the 50-day SMA while gathering momentum to help it rise anew, while trading alongside the main upward trend line in the medium term, with positive signals from the RSI. 

Therefore we expect the stock to return higher, provided it settles back above 185.15, targeting the resistance of 198.50. 

Expected trend for today: Bullish