Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Facebook's stock fell 0.33% in the last session after the pivotal resistance of 198.51 held on, gathering momentum to help it rise anew and venting off overbought saturation in the RSI, with positive pressure from the 50-day SMA, while trading within an ascending price channel in the medium term.
Therefore we expect the stock to rise, provided the resistance of 198.51 was breached, targeting the next one at 208.43.
Expected trend for today: Bullish