Jacob_Kovarik

FB - support/resistance analysis

Largo
NASDAQ:META   Meta Platforms
Description of analysis: We are currently in strong support supported by the previous VPOC value of 202.7 balanced profile. There is an opportunity for a long position with the first profit target for resistance around 210.7-212.7. If the reaction of shoppers failed to enter another long position, I would plan on the second support level 199-196. I see a longer-term profit target in the region of the last VPOC around 221. It must be supported by breakdown and reflection from the nearest resistance of 210.5-212.5.
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