Facebook sharpens decline - Analysis - 29-06-2020

Economies.com
2020-06-29 13:48PM UTC

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 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...