Facebook seeks a bottom to bolster it - Analysis - 05-08-2019

Facebook's stock skidded past the support of the 50-day SMA, getting exposed to negative pressure while gathering momentum to help it rise anew, as it traded alongside the upward medium-term trend line, while the RSI reached oversold levels. 

Therefore we expect more losses for the stock, as long as it settles below 185.15, targeting the support of 174.14. 

Expected trend for today: Bearish