FB - could the low be in?

257
FB hit a low of 169.589 on 27 Apr on high volume and then gapped up strongly the next day on even higher volume (due to positive earnings). There is a chance that it could have capitulated after having dropped about 56% from it's peak in Sept 2021.

It could stall around near term resistence (239 to 248) on the way up and I will not be too surprised if it starts to range. As long as it does not reverse back below the low of the gap candle (192.90), then the worst could be over. However, under the current market conditions, I will not expect it will be able to recover anywhere near it's all time high anytime soon.

Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.