Facebook leans on current support - Analysis - 22-07-2019

Economies.com
2019-07-22 14:32PM UTC

Facebook's stock rose as the support of 198.51 held on, while trading within an ascending price channel in the short term, with positive support from the 50-day SMA, as the RSI reached oversold levels. 

 

Therefore we expect more gains as long as the support holds on, targeting the resistance of 208.43. 

 

Expected trend for today: Bullish 

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