Long
Meta - FB - another look at Facebook
I posted a chart on this stock a little while back suggesting a top was in and it worked out pretty well (red count) but this alternative blue count is starting to catch my attention. Could we be looking at a classic ending diagonal for this stock (and perhaps US equity in general)? I will certainly be keeping a close eye on the reversal of the recent decline and see if it gathers some strength....
Note
Ummmm? Keeping an eye on this. Nice reversal off the 76 fib retracement (log).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.