Is This Level a Lucky Number for Facebook? Here’s Today’s Technical Analysis

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Technology and the Nasdaq have gone through a rough spot lately because of inflation. That may be creating an opportunity in social-media giant Facebook.

FB is one of the few major Nasdaq stocks to hit new highs recently. Now it’s pulled back and retraced nearly six weeks of gains.

The main chart feature is the “nice round number” of $300. In addition to its psychological importance, it also …

For more, please click here to view the related idea and chart analysis on TradingView.

Facebook (FB), daily chart with key patterns, courtesy of TradingView.
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