Technically - An upward that was formed in May is about to be tested again and price is moving very close to the 100-day MA on the . More significantly, this and the 100-day MA are now running together, which may act as extra support. In addition, price is beginning to squeeze to form a after a selling pressure has formed resistance in the form of a descending after ATH in August.
Fundamentally - Federal regulators asked Wednesday for Facebook to be ordered to divest its Instagram and WhatsApp messaging services as the U.S. government and 48 states and districts accused the company of abusing its market power in social networking to crush smaller competitors, reports AP news wire. COB and CEO of Facebook Inc , Mark Zuckerberg, sold 61,350 shares of FB on 12/03/2020 at an average price of $283.95 a share. The total sale was $17.4 million. Not that uncommon, but noteworthy.
Will be worth keeping an eye on Facebook for clues on the overall tech sector.