Facebook intraday: below its lower Bollinger band

Trading Central 2020-11-21 05:23:05

Our pivot point is at 266.6.

Our preference: short term rebound towards 278.

Alternative scenario: the downside breakout of 266.6 would call for 263 and 260.8.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Facebook stands below its 20 and 50 period MA (respectively at 271.75 and 273.17). Finally, the Facebook has penetrated its lower Bollinger band (269.81).

Supports and resistances:

282.4 **

280.2 *

278 **


269.7 last


266.6 **

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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