Facebook seeks a bottom to bounce it higher - Analysis - 16-07-2021
2021-07-16 12:00:30 GMT
(Economies.com)
Facebook's stock (FB) fell 0.91% in the last session while seeking a bottom to bolster it higher anew, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 358.70, provided the support of 339.70 holds on.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1846
|
0.0058
|
0.4920%
|
|
|
|
|
1.3907
|
0.0110
|
0.7947%
|
|
|
|
Tadawul
|
10933.73
|
22.68
|
0.21%
|
|
|
|
|
25.032
|
-0.180
|
0.714%
|
|
|
|
|
72.387
|
0.746
|
1.041%
|
|
|
|
|
74.74
|
0.31
|
0.42%
|
|
|
|
|
1809.945
|
7.810
|
0.433%
|
|
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