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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