EBITDAtiger

FB does not look good & entering difficult battle

Short
NASDAQ:META   Meta Platforms
FB is showing the beginning of a traditional head-and-shoulders pattern here with the right shoulder still forming. I see this pattern continuing, and being a bearish signal combined with the multitude of states that are all burying FB in paperwork from the state AG's with this lawsuit. It's basically a class action lawsuit but instead of people, it's ENTIRE states and all their resources backing the Attorney Generals. They face more scrutiny in the short-term. Major headwinds; short FB, buy SNAP & PINS.

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