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RomanEscano
Mar 28, 2018 6:11 PM

FB-US Excellent Entry point at $153 Long

Meta Platforms, Inc.NASDAQ

Description

With the current FUD FB has been getting from the Cambridge Aanalytica fiasco, at $153, stock is down by 21% from all time highs of $190 hit last February. At $153, I see this as an attractive entry point for either long term or short term horizons. RSI (at 28) indicates stock is oversold and based on 1-HR Chart lower Bollinger Band is acting as support, signaling possible uptrend.

My Trade

Buy: $145 - $155
Sell: 15% at $175,
35% (at previous high) $190
50% HODL for long term


NASDAQ:FB

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