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Jan 15, 2021 1:41 PM

FB Probably A Buy Long

Meta Platforms, Inc.NASDAQ

Description

A few days ago, I mentioned that FB might be a buy now that the stock is coming into multiple areas of support. The stock has now fully pulled back into those levels, and in addition has opened in oversold territory for the first time since last March. With the Nathanson upgrade this morning, I think the stock is set up for a great looking buy. I'll be buying and selling 1/29 premium.

Cheers!
Comments
Speckled_Jim
Nailed it
DXY_to_0
Went pretty large while others were screaming gapfill. Another great call. Thanks man!
lonercapitalist
I think it has a bit more downside to 238
MaPaC
Lets hope for a bounce back above the long term trendline.
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