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UnknownUnicorn4347975
May 22, 2019 3:25 AM

Potential Bull Flag Setup for $FB! Long

Meta Platforms, Inc.NASDAQ

Description

This is what I see for FB! Bullish - Potential breakout above the bull flag formation. MACD, RSI, MA are in a favorable position to the upside.
Comments
In33muney
I would agree based on their fundamentals, and a bull flag and or pennant. It filled the gap down after it jumped on earnings bouncing off the 178-180 support. Nice consolidation.. no China issues. They use ten cent. I think traders are waiting to see how big the fine is going to be. To see If it's larger or less than the 3mil they set aside. I would buy long calls on a breakout. Still too early IMHO.
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