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

2020-08-06 13:24:16 GMT (

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 

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.