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AhilanThurairajah
Feb 23, 2014 2:26 PM

Facebook going up Long

Meta Platforms, Inc.NASDAQ

Description

As I don’t see any major momentum divergence in daily chart, I think it is in wave 3 of wave III. There is a gap between $54.95 and $62.12. Either one of these price could be a support. I see some divergence in hourly chart. So it may be consolidating at this price level between $54.95 and $70.11.

Risk reward ratio is too high to initiate a new trade now. But if you are long, keep holding it.
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