Technicals $FB on 1 HR Chart coming into earnings showing a BUY Long

Meta Platforms, Inc.NASDAQ

Description

⋅ Oct 30, 2018 4:09 PM

What are the technicals saying coming into FB Q3 earnings

1 HR CHART

MACD is about to cross over on the 1hr from a low

RSI is at 40 close to a mid range pointing up showing strength

Price is attempting to push into FB existing range of $148 to $160

15 Min Chart

MACD has already crossed over on the 15min chart, bouncing off previous channel and reattempting to break through

Comment

⋅ Nov 1, 2018 6:06 AM

Day Trade closed for profit at 155 as didn't break Through range, before falling back to 151.

Still a good long term hold if overall market starts recovery