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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