Stocks

Facebook tries to shake off overbought saturation - Analysis - 06-08-2020

2020-08-06 13:24:16 GMT (Economies.com)

Facebook's stock fell 0.28% in the last session while gathering momentum to help it recover anew, while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 268, provided it holds above 247,57. 

 

Expected trend for today: Bullish 

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