Friday, January 5, 2018

Annual Forecast for Facebook (2018)

Facebook shares (NASDAQ:FB) have been able to maintain their bullishness so far, in spite of occasional bearish corrections, which are temporary in some cases.

The overall bias is bullish, and recently, the New Year has started on a bullish note, which promises further bullish movement in the year 2018.

The RSI period 14 is above the level 60, showing that the current bullishness in the market is strong. Price is also currently above the upper Trendline, ready to go further upwards.

The general direction for Facebook is upwards in this year 2018.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach


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