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RitchGBP
Jan 7, 2020 8:29 PM

FB to reach 2018 high  Long

Meta Platforms, Inc.NASDAQ

Description

As seen on the right (1W) Facebook has been ascending since Christmas 2018 and is now approaching the 2018 high of 218.7. We have a slight retracement on the 4H giving us an ideal entry to TP @ 218 and tight SL @ 210.5. If TP is hit it will provide a better buying opportunity - if we reach 218 we will then re assess reaction to the previous high.

Trade closed: target reached

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