Facebook is Down for the 3rd Day in a Row

2 mins read

The Daily View for Facebook Currently, FB’s price is up $1.42 (0.5%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes. Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price,…

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