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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.
The stock has support at 224.20 and 203.80. If the stock breaks down through support at 224.20 then it will probably continue lower to 203.80. The stock will meet resistance at 231.38 and 252.23. If the stock breaks up through resistance at 231.38 then it will probably continue higher to 252.23. The 200-day moving average is at 192.07. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (90.67).”
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