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TerryHarmonicTrading
Dec 17, 2016 7:33 AM

Facebook - Bullish Shark completes around 111 Long

Meta Platforms, Inc.NASDAQ

Description

This is the daily chart of FB.

FB fundamentally is a stock I personally follow.

The stock has gone from $20 to more than $100 in 2016.

Year on year, the revenue and profits have been rising and I am also a paying customer, spending more and more on ads with them than any other platforms.

This is definitely a stock which can continue to grow strongly for many years to come.

With that bullish bias, I am interested to buy this stock upon a nice correction.

A bullish shark pattern completes around 111 and this is potentially a level I would go long at.

EP: 111
SL: 103 (7)
TP: 132 (21)
Comments
pipstrading
is it possible that FB is forming a double bottoms to fill the gap in early Nov then form a bearish BAT?


TerryHarmonicTrading
@pipstrading, both scenarios can happen. Just have to be patient and see which one happens first.
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