Get started
OTM.Investments

Facebook Losing Bull Traction? Channel Spotted..

Meta Platforms (NASDAQ:META)  
OTM.Investments  
NASDAQ:META   Meta Platforms
Trend Analysis Chart Patterns Technical Indicators Facebook (FB) facebook facebooklong facebookshort facebooktrade facebooksetup fbshort fblong facebookbuy
19
0
trendanalysis chartpattern indicator fb facebook facebooklong facebookshort facebooktrade facebooksetup fbshort fblong facebookbuy
The current upward channel has been good signs for you bullish bag holders as we did break higher overall.

We need to keep in mind of were we currently sit on the upward channel though.

3 previous touches on this level of Resistance signaled selloffs to occur.

The green horizontal line is previous breakout for a new high, we yet to retest that price.

No way that I'm looking to long here too risky, I would like to see a pullback.



Best of luck.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.