green_brow

FB Buying Opportunity

Panjang
NASDAQ:META   Meta Platforms
Price has flat-lined around the $160-$165 dollar mark. Appears to have found support at the long time lower trend line. RSI has bottomed at historic weekly RSI support. Weekly Stoch RSI forming a bullish cross-over. 1D MACD forming a bullish cross. Daily heikin ashi looks good, but still have bearish patterns on the weekly. This looks like it might be a good time to catch the bottom, while being cautiously optimistic. Keep in mind there have been a couple bull traps on the way down, but they have not been on such strong support lines (price trend & RSI). You could wait a little longer to confirm the uptrend as well. To be safe, you can set a stop slightly below the lower trend line.

My opinion, not financial advice
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.