COMPARING FACEBOOK STOCK IN YEARS 2018 &2019
some technical analysis of FACEBOOK stock... 30-DAY & 200-DAY MOVING AVERAGE The indicator for the first four months of 2019 moves upward, so as 30-day moving average which crosses below the 200-day moving average. That it's a sell signal , as it indicates that the trend is shifting down. This is known as a dead/death cross . Trend line acts like a floor (support), so the price (128.54) bounces up off of it, while acts as resistance too; like a ceiling, the price (171.46) hits the level and then starts to drop again. Support levels show that the investors believe that they are the lowest acceptable prices, which means an upward should happen. By contrast to the above the same indicator for the first four months of 2018 moved downward with support level 150.04 and resistance level 195.67. Generally in 2018 there are many downtrends which are characterized by lower peaks a...