Magnificent Tech Stocks

Facebook (META) - Edition #1

Luis Ricardo Guizado

Jul 5, 2024 — 1 min read

Macro Outlook 🚀 Bullish/ Neutral

June's monthly close showed strength but not as decisive.
Price needs to stay above previous all time high in order to continue.
On the other hand, this week's close is extremely bullish as it managed to close above previous all time high.

What to expect on Monday?

Small market buy on Monday's open wouldn't be bad although we might get a small retrace before bullish continuation.
Long entries starting at around $510 would be ideal.
In case price keeps dumping, $500 ish will be the ultimate perfect long entry.
Trade invalidation upon price breaking below $490.
Dollar cost average your way in.

Disclaimer

Not financial or tax advice. Zelf Trade is not a financial institution. No content on this Newsletter is financial, accounting, legal or tax advice. Zelf Trade content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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