tsx_trader

FB - Swing trade

Long
tsx_trader Updated   
NASDAQ:META   Meta Platforms
2021-11-22

Markets are mixed sitting at all time highs
This is true for Nasdaq - hovering just at the all time high for past 4 trading days, no clear direction.


FB has been performing well.

This is a swing trade with a very close short term trend line as seen on the chart

FB is recently introducing the changes to the whole 'meta platform' and could be in a continuing bullish direction.

It has bounced off support at 307 and is continuing to run.

Analyst price rating is at 401.

Going to watch closely for price movement and momentum.
Comment:
Stepping out of this swing trade
Markets are rough. 3 last swing trades didn't work out.

I am going back to all cash, I just have a position in MAL.

Still waiting to buy into baba for a long term hold
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