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Brandon_Leu
Mar 21, 2018 7:39 AM

Swing Back to $180 Long

Meta Platforms, Inc.NASDAQ

Description

FB has retreated close to 10% within 2 days amid its Data Leak scandal and seems not ending on the selling. However, taking a rational look at the stock's technical, the stock has traded steeply out of the lower bollinger band with climactic volume observed. These observations coupled with a long-legged candle could suggest that selling has been may be over done and we may see a short term rebound.

Above analysis is negated if price falls below the low of the long legged candle.

Trade closed: target reached

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