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Magnificent Tech Stocks

Facebook (META) - Edition #1

Luis Ricardo Guizado

Luis Ricardo Guizado

— 1 min read
Facebook (META) - Edition #1

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.
Above monthly / below weekly chart
BATS:META Chart Image by ZelfTrade
TradingView

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.

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