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

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