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FB Buying Opportunity

Long
Meta Platforms (NASDAQ:META)  
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NASDAQ:META   Meta Platforms
Trend Analysis Chart Patterns Technical Indicators LONG facebook Facebook (FB) Relative Strength Index (RSI) support Parallel Channel Bullish Patterns heikinashi
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trendanalysis chartpattern indicator long facebook fb relativestrengthindex support parallelchannel bullish heikinashi
Price has flat-lined around the $160-$165 dollar mark. Appears to have found support at the long time lower trend line. RSI has bottomed at historic weekly RSI support. Weekly Stoch RSI forming a bullish cross-over. 1D MACD forming a bullish cross. Daily heikin ashi looks good, but still have bearish patterns on the weekly. This looks like it might be a good time to catch the bottom, while being cautiously optimistic. Keep in mind there have been a couple bull traps on the way down, but they have not been on such strong support lines (price trend & RSI). You could wait a little longer to confirm the uptrend as well. To be safe, you can set a stop slightly below the lower trend line.

My opinion, not financial advice
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