Facebook has a neutral to downside pressure. Downside to the 210-200 would be the first target if the trend continues. There are many possibilities into the world of Facebook / Metaverse, but challenges ahead will be more subjective than what many believe. In any case, the main focus is the charts and not the company itself; therefore, keep an eye on that April 7th low.
Even with some upside impulse moves in this bearish market; there needs to be significant conviction in both time and price to warrant a change in the complexion of its structure.
Until chart / price action complexion changes sentiment remains the same.
Even with some upside impulse moves in this bearish market; there needs to be significant conviction in both time and price to warrant a change in the complexion of its structure.
Until chart / price action complexion changes sentiment remains the same.
Note
Been a solid ride on Facebook.
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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.