My Outlook over FB Stock A.K.A Meta

19 nov 2021

FB
Here is my Outlook over Facebook A.K.A Meta

▪️ Fundamentally speaking we all know how hyped the topic is and it has huge room to develop upwards. Anything might happen and the future of the stock will depend on general markets such as NSDQ100 and SPX500 a lot. But We are in the pre-final stage of madness I think and historically speaking before hard melt-down stocks tend to go vertically into blue skies.
As we have seen in NVDA TTD TSLA etc

▪️ From the technical point of view the resistance where the price stands right now has been tested 4 times in the last 5 days.
The volume could have been better but it's acceptable.
This type of pattern tends to break upwards according to my experience.
Might be worth trading with 1:3 R2R at least to the ATH point.
The stock has huge potential for Mid and long-term trade as well.

Good Luck
☮️