Market_Psychology

Facebook great short opportunity

Short
NASDAQ:META   Meta Platforms
The rally over the past month or so has placed FB stock in a great position to short. For the first time in a while price is above the 50 MA. Given how the market is quick to sell tech stocks especailly FAANGs I do not think price is going to stay up for much longer. Also we are approaching significant resistance at 148, and unless the market drastically changes I do not think Facebook has the momentum to push through

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