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Facebook Inc (FB) “On a long-term technical basis, the stock (FB) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 202.96 suggesting the next support level is at 187.69. This weakness suggests the long-term trend is turning neutral.
The stock has support at 187.69 and 176.66. If the stock breaks down through support at 187.69 then it will probably continue lower to 176.66. The stock will meet resistance at 191.36 and 202.96. If the stock breaks up through resistance at 191.36 then it will probably continue higher to 202.96. The 200-day moving average is at 181.33. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (70.02).”
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