|Stock Pick of the Day|
Recommendation Buy Above $79.00
STOCK SUMMARY:-Facebook Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $79.00 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $81.50.
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Stock is in consolidate trend for near term and price is sustaining below the resistance trend line with good consolidation on daily chart. Near term breach of resistance level of $79.00 is expected, which would trigger further bullish sentiment in the stock to test the levels of $81.50.
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.