Facebook intraday: short term rebound towards 264.

Facebook intraday: short term rebound towards 264.6

Trading Central 2021-02-23 05:01:05

Our pivot point stands at 259.4.

Our preference: short term rebound towards 264.6.

Alternative scenario: the downside breakout of 259.4 would call for 258 and 257.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Facebook stands above its 20 period moving average (261.21) but below its 50 period moving average (265.7).

Supports and resistances:

266.4 **

265.6 *

264.6 **

263.8

261.34 last

260

259.4 **

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