PontusTrader

FB wedge resistance

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NASDAQ:META   Meta Platforms
Although this is a bullish wedge, price has had a non stop move to the resistance, a little bit down is likely.
Comentário:
Here is the weekly chart - even if price continues up higher, it will be smacking into strong weekly channel resistance (i.e., pullback rejection).
Comentário:
Haven't taken a position yet, but I think they are going to do a pullback retest of former support - this straight run up smells fishy.

I will probably go with put spreads.
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