Technical Analysis – Facebook leaves virus sell-off behind; hits fresh record highs
Facebook stock opened at fresh record highs on Wednesday and ran as high as 231.24, successfully recovering February’s virus-led downtrend that bottomed at a 14-month low in mid-March. The short-term bias is now viewed as cautiously positive as the price has pierced the upper Bollinger band, while the RSI has entered the overbought territory, both suggesting that […]