Annual Forecast on Facebook (2017)

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Facebook stock (NASDAQ:FB) is in an uptrend. The market rallied last year, till the end of October, and pulled back. The uptrend has resumed since the beginning of this year and it is very strong.

Price is currently above the EMA 21, while the Williams’ % Ranger period 20 is in the overbought region. The market seems to have gone far, but… while there may be temporary pullbacks along the way, the uptrend is expected to continue.

The outlook on Facebook is bullish for the year 2017, and price could end up reaching the supply levels at 140.00, 150.00 and 160.00.


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