kgiap123

Facebook - So far so good with Bullish Reversal.

Long
NASDAQ:META   Meta Platforms
Bullish reversal looks good.... accumulating.

+ Fundamentally strong with good Earning Report.
+ Formed Higher High and testing 152 resistance.
+ Price bounce and remain above EMA50.
+ EMA20 crosses above EMA50.
+ Another Buy signal appears on ATOM/Bollinger Band. BULL to not giving up testing the resistance.
+ Buying force has improved significantly.

- Price still below EMA200 (Long term still bearish) BUT it's turning where faster EMAs starting to cross above slower EMA.


I'm accumulating FB when price bounces from EMA50.
Plan to accumulate more when price breaks above 152-153 (Support turned Resistance)




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