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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