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.% | ||
---|---|---|---|---|---|
|
|
1.0187
|
-0.0061
|
0.5962%
|
|
|
|
1.2087
|
-0.0163
|
1.3327%
|
|
|
|
20.119
|
-0.177
|
0.872%
|
|
|
|
88.104
|
-5.560
|
5.936%
|
|
|
|
94.07
|
-0.86
|
0.91%
|
|
|
|
1777.865
|
7.565
|
0.427%
|
|
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