Facebook Looking Really Bearish - Sunday Stock Talk
FB (Facebook)
Support at 169 because of previous support and the 200 day moving average.
Resistance at 190 because of previous resistance.
Price action is looking to be bearish because of the consolidation which was happening, now it is starting to roll over until it hits the support. The volume is weaker here which means that the bearish trend can continue.
Looking for either a push into the support at 190 or find a bearish move down to the support at 169.
Predicting that FB move back down to the downside until it hits the strong support at the 200 day moving average which is super strong level.
Want to learn more or watch this analysis on Youtube, then follow me on Youtube and Instagram at The Impeccable Investor.
Support at 169 because of previous support and the 200 day moving average.
Resistance at 190 because of previous resistance.
Price action is looking to be bearish because of the consolidation which was happening, now it is starting to roll over until it hits the support. The volume is weaker here which means that the bearish trend can continue.
Looking for either a push into the support at 190 or find a bearish move down to the support at 169.
Predicting that FB move back down to the downside until it hits the strong support at the 200 day moving average which is super strong level.
Want to learn more or watch this analysis on Youtube, then follow me on Youtube and Instagram at The Impeccable Investor.