Facebook surrounded with positive signals - Analysis - 20-03-2019

Facebook's stock was dominated by the upward short-term wave even after declining in search for a bottom to bolster it higher, leaning on the support of the 50-day SMA, coinciding with the RSI reaching oversold levels. 

Therefore we expect the stock to rise as long as the support of 159.59 holds on, targeting the resistance of 171.98. 

Expected trend for today: Bullish