Meta PlatformsShort
FB. Room 44. Then next floor.
FB is not my favorite share. Fundamentally I do not understand its value. Totally not. Then the late IPO, tons of pre IPO VC investments, employees loaded with shares. A lot looking for profitable exits. So this should be a share, that could be hit hard when the tide will go. But maybe not yet.
The patterns: the inner structure of the wave show a nice likelihood of at least a retracement to about 61 or so. Judging from how that looks there is room for 44.
What could I trade? If not over 71,50, I would wait for a little impulse wave down. Hopefully a retracement shows, to give the short a nice Risk-Reward-Ratio.
The patterns: the inner structure of the wave show a nice likelihood of at least a retracement to about 61 or so. Judging from how that looks there is room for 44.
What could I trade? If not over 71,50, I would wait for a little impulse wave down. Hopefully a retracement shows, to give the short a nice Risk-Reward-Ratio.
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Related publications
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.