FACEBOOK Technical Analysis: Weekly Chart

In the weekly charts, FACEBOOK is trading in a down channel. FACEBOOK is currently trading below all SMA.

RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 155.85 & the resistance level is at 184.89.

FACEBOOK will trade in the down channel until there is trend reversal.

FACEBOOK Technical Analysis: Daily Chart

In the daily charts, FACEBOOK is trading in down channel. FACEBOOK is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 155.85 & the resistance level is at 159.48.

FACEBOOK will trade in the down channel until there is trend reversal.   

How to Trade FACEBOOK this Week:

FACEBOOK will follow the downtrend until their trend reversal. So, remain bearish on FACEBOOK.

TRADE SUGGESTION- SELL AT 156.88, TAKE PROFIT AT 155.85 AND STOP LOSS AT 159.48