bielkeg

Facebook Breakout

Long
bielkeg Updated   
NASDAQ:META   Meta Platforms
On the monthly timeframe there is a clear and distinct Eliot five wave pattern, a support on the Fibonnachi 0.236 support line, and the stochastic RSI coordinates as well. Anyone else agree?
Comment:
If you also look at the one year time frame, there appears to be a significant hammer. With positive volume, I believe this would be a good swing trade up to either the 0.382 or 0.5 Fibonacci resistance lines.
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