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optionfarmers
Dec 2, 2021 9:03 PM

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

Meta Platforms, Inc.NASDAQ

Description

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
Comments
UnknownUnicorn7245819
The stock price is undervalued right now but it is just the sentiment. If you don't mind holding this stock for the long-term, it is a good buy.
optionfarmers
@starsora04, agreed, the company has growth and high profit margins.
UnknownUnicorn7245819
@snlara, And with no debt.
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