Facebook Shares Gain Ground, Supported by Positive Q1 Earnings Report
On Wednesday, Facebook Inc. announced Q1 earnings with the earnings per share coming in at 77 cents, 20% higher than analyst estimates. In the hourly chart, the %K line has reached the overbought zone, far ahead of the %D line, showing that the bullish force is driving the stock strong and hard. The stock is expected to continue its strength.
Buy at 108.66, Stop loss at 107.68, Take profit at 109.75