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dchua1969

META could reach the 121 support level next .....

Meta Platforms (NASDAQ:META)  
dchua1969 Updated   
NASDAQ:META   Meta Platforms
Trend Analysis Chart Patterns
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trendanalysis chartpattern
META is in a downward channel pattern and the selling pressure arising from the FED rate hike has exacerbated the plunge , especially the tech stocks in US.

Support level 1 at 150.46 has been broken down and it looks set to head further south towards the 121 price level. That would be another price point for accumulation.....
Comment:
It is now at the support level where it last fell to in Dec 2018. Those who believe in Meta stories and its fundamentals can buy in small tranches as I expect it to rebound slightly from here.

Those who are more conservative may want to wait for it to break out of the downward channel or break above 150 resistance level.
Comment:
added some last night
Comment:
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