FACEBOOK Technical Analysis: Weekly Chart

In the weekly 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 172.11 & the resistance level is at 186.01.

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

FACEBOOK Technical Analysis: Daily Chart

In the daily charts, FACEBOOK is trading in an up channel. FACEBOOK is currently trading above 20 and 50 days SMA & below 100 days SMA.

RSI is in over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 176.24 & the resistance level is at 182.44.

FACEBOOK will trade in an up channel until there is trend reversal.   

How to Trade FACEBOOK this Week:

FACEBOOK will follow the uptrend until their trend reversal. So, remain bullish on FACEBOOK.

TRADE SUGGESTION- BUY AT 179.52, TAKE PROFIT AT 182.44 AND STOP LOSS AT 176.24