Annual Forecast for Facebook (2019)

PUBLISHED: Jan 05 2019 @ 17:16 | Comments (0) | More info about Azeez Mustapha

Facebook shares (NASDAQ:FB) are bearish. The bearish trend has been in place since the last several months, and this is a trend that is expected to continue in 2019.

The ADX period 14 is slightly above the level 20, meaning the present momentum in the market is not great. The DM- is above the DM+, confirming the bears’ hegemony.

The MACD default parameters, has its histogram and signal lines below the zero line. There is a clean Bearish Confirmation Pattern in the market, which shows that long positions would be irrational.

The outlook on FB shares is bearish for the year 2019, and price may test the demand levels at 120.00, 110.00 and 100.00 respectively.

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