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FB Long After Earnings, Nice Pullback into the Daily 200

Meta Platforms (NASDAQ:META)  
VelvetHammersTrading  
NASDAQ:META   Meta Platforms
Trend Analysis Chart Patterns Facebook (FB) facebooklong followreallifetrading FANG
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trendanalysis chartpattern fb facebooklong followreallifetrading fang
Facebook gapped up over significant resistance but right into the daily 200. Today, we saw a retest of the 200 SMA. Nature (and the markets) abhor a void, and with stochastics turning up on both the daily and weekly charts, there a good chance FB fills the gap up to 185. Either way the pullback into the 200 made for a nice entry on a 15 minute chart and a wonderful area for a stop.
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