Fab_Forex

Facebook bulls almost ready to takeover

Long
Fab_Forex Updated   
NASDAQ:META   Meta Platforms
We could se a retest of the key support line ( 169.63 ) on the daily timeframe, price has tested and bounced on a few occasions ( marked by the arrows on the chart ) if we take into account the fundamentals along with the technical analysis both point to the bulls taking over and pushing price higher.

• Daily active users (DAUs) – DAUs were 1.47 billion on average for June 2018, an increase of 11% year-overyear.
• Monthly active users (MAUs) – MAUs were 2.23 billion as of June 30, 2018, an increase of 11% year-overyear.
• Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for the second quarter of 2018, up from approximately 87% of advertising revenue in the second quarter of 2017.

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Comment:
The bulls took over ;p

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