$Meta Platforms (FB.US)$ Meta is undergoing pullback from pa...
$Meta Platforms (FB.US)$
Meta is undergoing pullback from past 2 days of gap up. This is perfectly normal as not every stock is like tesla where they only pullback after 50% jump.
Meta is undergoing pullback from past 2 days of gap up. This is perfectly normal as not every stock is like tesla where they only pullback after 50% jump.
Critical support is at 326 and keep a lookout on that level if it breaks then it means we may go down to fill the 2 gaps. If it holds, then it's the 2nd day above 326 support and it means that we will likely retest the 334 resistance again.
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Lu Yee Fei : who the hell is selling at 334
Investing 101 OP Lu Yee Fei : Short sellers or traders looking to take profit
71289609 Investing 101 OP : Do you think it'll be below 309?
Investing 101 OP 71289609 : There is a chance. But it is not high. Recent issues that caused meta to dip the past 5 to 6 weeks has blown away. It has hit the 50ma weekly chart and 200ma on daily chart. This are 2 very strong buying points for this stock. It is proven over the years.
However that being said, any bad news can emerge and cause this stock to sell off past that. But base on current sentiment? I don't see it happening. If it does, it is a good buying opportunity because meta has always rebounded back in 1 to 4 months period to a brand new high.
Lu Yee Fei : im sure it s worth more than 350
71289609 Investing 101 OP : What is the best price to get
Investing 101 OP Lu Yee Fei : Well QQQ is also worth 380. But when it was 360 last 2 weeks and I bought in after the bottom, there were still people shorting it all the way up to 373.
Every market there is always bulls and bears. One chart but everyone sees it differently. That's why stocks go up and down.
Investing 101 OP 71289609 : I will say enter tomorrow if it holds above this support of 326.20 today. If it doesn't, wait for 316 as it will go down to cover the gap
71289609 : What to do now
71289609 : Has it stopped falling and rebounded
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