FB will soon change its ticker to $META. The stock formed a symmetrical triangle around its 8 and 21EMAs. A strong Day 1 candle coupled with higher than normal volume will resolve this recent pattern. In such a case, we expect FB to get above $200 and reach its 50SMA around $204. For such a move, we need to see the 
QQQ at the higher end of their recent channel or preferably above it. Watch the action in FB as a gauge for overall sentiment in tech. 
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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.