Facebook It is still a very interesting security, which continues to be in the portfolios of many investors. For that reason, I begin the analysis of the day by looking at that company.
Look at the graph as right now Facebook’s stock market structure continues to be bullish. Although you can see how a clear ceiling area is marking us.
That one has all the key right now, since just seeing a recovery would give us strength again to continue climbing.
Tell you what the averages of the 40 and 200 sessions on the weekly chart are below Facebook’s stock market price. This reaffirms us that the short and long term trend continues to be bullish.
Areas to watch for Facebook shares
I look at the top first to find himThe major resistances on Facebook shares and the first would be placed in the area of 297.40 – 304.65 dollars per share.
That is all or nothing, since without seeing a recovery from it, we cannot expect new increases. If it is finally so, Facebook could set its sights on the $ 340 level.
As for the supports, the first one that we are going to take into account is about 260 dollars per share. We shouldn’t see a lap to lose it, since that would indicate weakness on Facebook shares on the stock market and it could continue to trickle lower to seek the $ 249.83 area again.
Tell you that out there, we have the average of the 40 sessions on a weekly chart. It should not be seen that facebook quote it goes towards it to end up losing it, since that would indicate a short-term trend change.
Therefore we will consider it bearish.
He macd indicator on Facebook shares continues above the zero line, but cut to the downside.
We will have to follow closely their situation, to know when it may end up changing.
Weekly graph analyzed on Facebook shares at the moment
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