Decreasing volume with the tighter and smaller candles indicates that supply is not present at this price level. This is not a recommendation.
The most recent supply zone, the 50 EMA and the Fib .50 have all merged into one area. Earnings reported on Friday beat estimates, RSI is showing strong momentum, so I placed my target at $47.30 this week (10/17/22 to 10/21/22).
NASDAQ:FB