Technical Analysis – Facebook stock cautiously bullish despite reversal off new all-time high
Posted on January 28, 2020 at 1:53 pm GMTFacebook stock has pivoted from the fresh all-time high of 222.55, dropping past the 218.44 level, which is the previous historic high from 25 July 2018. The falling Tenkan-sen line and the technical indicators back the correction from the peak, reflecting strengthening negative momentum. The MACD in the positive zone has slipped below its red trigger line, while the RSI has extended its decline out of the overbought region towards its neutral mark. The Stochastics reflect a bearish bias with [..]