Facebook on track to shake off negative pressures - Analysis - 09-12-2021

Facebook's stock (FB) rose 2.4% in the last session while trading alongside the upward medium-term trend line, with positive signals from the RSI, settling at 330.56, touching the resistance of the 50-day SMA.

Therefore we expect more gains for the stock, targeting the first resistance at 354.00, provided the support of 321.40 holds on.

Expected trend for today: Bullish