Facebook (FB) – Bullish DailyPlay for Thursday May 31st, 2018
The bullish DailyPlay we chose for Thursday, May 31st is Facebook (FB). FB is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 6.75% move higher and its 1m/6m trend has turned bullish on 5/4 and recently broke above its $69 resistance level which now becomes support.
Facebook’s 1m and 6m trends turned bullish on 5/4 and recently broke above its $180 resistance level which becomes support. With a technical score of 6 (out of 10), FB is a neutral stock that starting to trend higher.
As a stop loss, if FB was to trade below $182 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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