Facebook returns lower - Analysis - 29-11-2021

2021-11-29 09:27:20 GMT (Economies.com)
 

Facebook's stock (FB) returned lower with a 2.33% loss, leaning on the support of the 50-day SMA in an attempt to gather momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect the stock to return higher, targeting the resistance of 357.30, provided it settles back above 334.80.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1277
-0.0020
0.1801%
1.3485
0.0008
0.0556%
Tadawul
12108.56
56.61
0.47%
23.755
-0.061
0.258%
84.610
1.069
1.280%
87.40
1.09
1.26%
1847.715
8.250
0.449%
 
 
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