Facebook opens lower - Analysis - 25-06-2019

Economies.com
2019-06-25 14:33PM UTC

Facebook's stock traded within an ascending medium-term price channel, with positive support from the 50-day SMA, while venting off overbought saturation in the RSI. 

 

Therefore we expect the stock to rise, as long as the support of 180.30 holds on, targeting the pivotal resistance of 198.51. 

 

Expected trend for today: Bullish  

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