FB - Swing trade Long

Meta Platforms, Inc.NASDAQ

Description

⋅ Nov 22, 2021 6:51 PM

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

⋅ Nov 23, 2021 5:38 PM

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

Chart Patterns

Comments

Fleetline

⋅ Nov 24, 2021 3:46 AM

agree. I was saying the same thing. might need to close my position tomorrow. going back to cash & looking for solid put buying opportunities & stocks that have settled through correction. I have a feeling of serious market correction in the future (only a matter of time). hopefully we get an end-of-year rally...