Facebook intraday: short term rebound towards 280

Trading Central 2020-11-20 04:45:05

Our pivot point is at 269.4.

Our preference: short term rebound towards 280.

Alternative scenario: the downside breakout of 269.4 would call for 265.6 and 263.4.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Facebook stands below its 20 and 50 period MA (respectively at 272.76 and 274.7).

Supports and resistances:

284.4 **

282.2 *

280 **


272.28 last


269.4 **

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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