Facebook rallies - Analysis - 14-01-2020

Economies.com
2020-01-14 12:55PM UTC

Facebook's stock kept rising in the intraday levels, marking a 1.77% profit in the last session amid the dominance of the main upward long-term trend, with positive support from the 50-day SMA despite negative signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the resistance of 230.50. 

 

Expected trend for today: Bullish 

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