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Dabney
Nov 15, 2021 12:58 AM

FB or Meta or whatever Long

Meta Platforms, Inc.NASDAQ

Description

Whatever they're calling themselves now had a monster day on Friday, and looks like it wants to take out $345. Clear that and i expect ATH's to come soon after. The .5 (which is the last line of defense to remain bullish) held and two failed attempts at a breakdown before making a hard bounce on Friday. I don't plan to play it until it clears that overhead resistance.

Also look for consolidation this week and/or a bullflag to set up on the daily time frame.
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