Jacob_Kovarik

FB - support/resistance analysis

Long
NASDAQ:META   Meta Platforms
Description of analysis: We are currently in strong support supported by the previous VPOC value of 202.7 balanced profile. There is an opportunity for a long position with the first profit target for resistance around 210.7-212.7. If the reaction of shoppers failed to enter another long position, I would plan on the second support level 199-196. I see a longer-term profit target in the region of the last VPOC around 221. It must be supported by breakdown and reflection from the nearest resistance of 210.5-212.5.
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.