Facebook sharpens decline - Analysis - 29-06-2020
2020-06-29 13:48:50 GMT
(Economies.com)
Facebook's stock kept falling in the intraday levels while piercing the support of the 50-day SMA after breaching the upside short-term trend line previously, with negative signals from the RSI and a surge in trading volumes.
Therefore we expect more losses for the stock, targeting the first support at 200.70, provided the resistance of 223.17 holds on.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1246
|
-0.0031
|
0.2718%
|
|
|
|
|
1.2486
|
0.0178
|
1.4462%
|
|
|
|
Tadawul
|
7312.24
|
58.91
|
0.81%
|
|
|
|
|
18.047
|
0.268
|
1.507%
|
|
|
|
|
40.285
|
1.510
|
3.894%
|
|
|
|
|
42.80
|
-0.34
|
0.79%
|
|
|
|
|
1774.730
|
3.115
|
0.176%
|
|
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