Facebook gathers positive momentum - Analysis - 16-09-2021

Facebook's stock (FB) fell 0.69% in the last session amid negative signals from the RSI while gathering momentum to help it rise anew, as the stock trades within an ascending price channel in the short term, coupled with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 395.70, provided the pivotal resistance of 377.60 was breached.

Expected trend for today: Bullish