Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Facebook's stock returned higher in the intraday levels, scoring a profit of 0.34% in the last session, or 0.42 points, with the stock regaining its footing amid the dominance of the main upward trend in the medium and short terms along the trend line, with ongoing positive pressure from the SMA for the last 50 days period.
Therefore we expect more gains to come for the stock, targeting directly afterwards the resistance of 124.56.