Facebook retests current resistance - Analysis - 12-10-2018

Facebook's stock rose 1.30% in the last session, or 1.97 points, retesting the resistance of 153.60, which represents the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 113.55 to 218.62), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

Therefore we expect the stock to return lower, as long as it settles below 153.60, targeting the next support at 138.35, which represents the ratio 76.4% of the same retracement levels. 

Expected trend for today: Likely Bearish