Facebook With Strong High Trend
Summary
- Technical indicators showing a break in resistance at 245.45;
- All signs indicate an upward trend on the daily and weekly chart;
- Good expectations from investors regarding the resumption of the economy.
Dear readers,
This article presents the bullish movements of Facebook in the short and medium term, (NASDAQ: FB), and the present technical analysis was performed by reading the asset's graphic signals, in addition to technical tools such as: moving averages , Keltner, MACD and CCI / MA bands, confirming the reading of the strong upward trend.
Thus, it presents the daily chart of the asset:
As it is verified, the asset presents a strong upward channel in the period from 04.13.2020 until the present moment, in addition, the technical tools pointed at the same moment the three technical signs of trend , in which case there is synchronization of the upward trend.
This upward trend shown on the daily chart will be confirmed when there is a break in the immediate resistance of the asset at 245.45, as seen in the weekly chart of the asset:
The same strong upward trend is seen in the analysis of the weekly chart, again, the technical indicators point to a strong upward trend in the medium term.
Thus, when the asset exceeds the resistance by 245.45, it will find new resistance at 248.03, and if this top is overcome, the asset will find resistance at 266.23, as seen in the projection of the asset with the fibonacci overlap:
Therefore, the investor should pay attention to the next movements of the NASDAQ: FB, because the technical indicators and graphs indicate a strong upward trend that will be confirmed with the break of resistance at 245.45 and after finding new resistance at 248.03 and 266,23, as shown by fibonacci.
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