Facebook ST: the downside prevails as long as 273.

Facebook ST: the downside prevails as long as 273.6 is resistance

Trading Central 2021-02-23 14:40:23

Our pivot point stands at 273.6.

Our preference: the downside prevails as long as 273.6 is resistance.

Alternative scenario: above 273.6, look for 287 and 294.9.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 268.6735 and 268.492).

Supports and resistances:

294.9 **

287 *

273.6 **

268.3

260.33 (USD-last)

242.1

234.1 **

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