Shares of the company Facebook (FB) feel supported in the 50-hour moving average during the correction that started last week after testing the resistance of 86.00. The fall occurred simultaneously with the common market without any major news from the company that could affect its prospects.
In addition, investors expect quarterly report Facebook, which historically are often higher than the median of forecasts. We believe that at such low levels of stocks may be of interest to search for long positions.
Support and resistance levels
Support 1 82,10
Support 2 80,75
Current price: 83,32
Resistance 1 84,00
Resistance 2 86,00
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.