Facebook intraday: the downside prevails as long a

Facebook intraday: the downside prevails as long as 263.4 is resistance

Trading Central 2021-02-20 04:43:04

Our pivot point stands at 263.4.

Our preference: the downside prevails as long as 263.4 is resistance.

Alternative scenario: above 263.4, look for 265 and 265.8.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Facebook stands below its 20 and 50 period moving average (respectively at 265.45 and 269.42).

Supports and resistances:

265.8 **

265 *

263.4 **

262.8

262.14 last

259.4

258.4 **

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