More consolidation - nice swing opportunity to the upside.

١ ديسمبر ٢٠٢٠

Facebook has been in a long consolidation pattern and the sideways pattern is nearing to a decision point after a long Section 230 saga with the Zuck in the hot seat. Facebook is a money-making machine and we are bullish for more upside momentum as Christmas approaches. Bullish divergence and positive money flow back into big tech is a pretty good indication of a measured move to the upside. Conservative target: $310 by EOY.