Facebook rises in positive zone - Analysis - 23-05-2019

Facebook's stock rose 0.27% in the last session, with positive support from the 50-day SMA, while settling above the support of 182.13, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 218.56 to 123.04). 

Therefore we expect more gains for the stock, as long as it settles above 182.13, targeting the next resistance at 196.06. 

Expected trend for today: Bullish