Facebook is on the verge of its best streak on the stock market in the last five years
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Since the bullish streak started, Facebook titles have advanced more than 15%. Thanks to these increases, May 20 marked new historical highs. Then just over 6% shot up.
The market continues to reward the company's decision to launch a new project, Facebook Shops. "We want to offer people a place to experience the joy of shopping versus the task of shopping. And we want to help small businesses adapt and make it easier for people to discover and buy what they love," said Facebook, which is trying to capture the online sales increase in times of pandemic.
But not only the fundamental aspect is attractive on Facebook, for technician "it can't be better", assures José María Rodríguez, technical analyst at ForexNews.online. "The appearance of Facebook can not be better, as for all technology as a whole," says the expert.
