FOMONOMO

FB headed for 150 USD then likely to correct 10-15%

Corto
NASDAQ:META   Meta Platforms
Short term bull until this move with FB and QQQ finishes. Possible profit taking and strong resistance around diagonal support line 1 could keep the price in zone 1 (red circle). Lines 2 and 3 currently offer support. Should see a typical 10-15% sell off this would send FB back down to zones 2 and 3, with support at lines 4 (black) and X (red). The 100 day moving average is also approaching support line x from zone 4. Lets look for the RSI to dip back down under 70 to signal the top. Then its time to get short, sell or prepare to buy more
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