optionfarmers

profit taking in facebook $fb ? failed high? neckline?

NASDAQ:META   Meta Platforms
Facebook price to sales multiple keeps declining as it failed to make new price highs. Is this an indication that there are sellers or profit takings moving out of this steady grower? Are investors not happy with the name change to META and unsure of the metaverse future? the support neckline we are current sitting is where the battle is being fought and voted on by buyers vs sellers. time will tell

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.