dorfmanmaster

FB pullback to the 50sma again... Buying the dip

Long
NASDAQ:FB   Meta Platforms, Inc
Facebook has tested the 50sma at least 4 times since March 2021.


Transposing the past trends from the 50sma to today's action we get several targets for taking partial profits.


OBV is still in a supportive uptrend, however, RSI has reached its worst level since mid-March at 43.


Very clear opportunity to enter a position now around the 50sma. If the price stays above the last low on August 19th around $351, we are still making higher highs and higher lows.