Facebook ST: target 231.1

Trading Central 2020-11-21 02:58:04

Our pivot point stands at 289.7.

Our preference: target 231.1.

Alternative scenario: above 289.7, look for 311.8 and 324.9.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (276.23) but above its 50 day MA (268.68).

Supports and resistances:

324.9 **

311.8 *

289.7 **

281.3

271.8759 (USD-last)

244

231.1 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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