I think we now have a decent setup in the company formerly known as Facebook. There were some sick runs in the $META etf and names like $RBLX, $NVDA, $U, gaming/metaverse related cryptocurrencies, etc.
Some of that money can go back into $FB here, which hasn't moved as much, and has a nice base showing accumulation by smart players. Long term, the chart is still in an active quarterly timeframe trend, so there's plenty of time and upside left in the stock. Daily offers a good reward to risk entry to join that trend. If price holds up from here and doesn't breach the area below $330, we can expect a rather steady climb from here.
Best of luck!
Cheers,
Ivan.
Some of that money can go back into $FB here, which hasn't moved as much, and has a nice base showing accumulation by smart players. Long term, the chart is still in an active quarterly timeframe trend, so there's plenty of time and upside left in the stock. Daily offers a good reward to risk entry to join that trend. If price holds up from here and doesn't breach the area below $330, we can expect a rather steady climb from here.
Best of luck!
Cheers,
Ivan.
Trade closed: stop reached