Facebook ST: under pressure below 281.4

Trading Central 2021-02-22 14:32:22

Our pivot point stands at 281.4.

Our preference: under pressure below 281.4.

Alternative scenario: above 281.4, look for 295.1 and 303.5.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 269.382 and 268.9534).

Supports and resistances:

303.5 **

295.1 *

281.4 **

275.7

261.56 (USD-last)

244

236.2 **

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