Meta Platforms stock FB has shown some strength lately after rebounding from $185 demand area, the upward move could hit $230 levels corresponding to 23.6% Fibonacci Retracement level.
The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator.
Finally, it's worth mentioning that Meta Platforms stock FB is one of 2022’s most beaten-down large cap tech stocks. After its February earnings release, it fell 26% in a single trading day, then proceeded to decline another 21% after that.
The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator.
Finally, it's worth mentioning that Meta Platforms stock FB is one of 2022’s most beaten-down large cap tech stocks. After its February earnings release, it fell 26% in a single trading day, then proceeded to decline another 21% after that.