Markets had a significant high beta pullback rotating portfolios and now the rebalance is here in my opinion. Time for FB to retrace upwards to Target 1 area between 333.42 to 336.94 and Target 2 between 344.18 to 346.64 with some hesitation around 341.92. I anticipate one or both of these targets to hit before the end of the 2021 year.
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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.