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[QUOTE="Antony_NPBFX, post: 215499, member: 38727"] [SIZE=5][B]Meta Platforms Inc.: technical analysis 05.12.2022[/B][/SIZE] Good afternoon, dear forum visitors! [URL=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/URL] offers the latest release of analytics on Meta Platforms Inc. for a better understanding of the current market situation and more efficient trading. Shares of Meta Platforms Inc., the American multinational holding company that owns the technology conglomerate and the largest social network Facebook, are moving in a corrective trend at 123.00. On the daily chart, a global downtrend forms, within which the price moves in a downward corridor with the boundaries of 80.00–133.00, approaching the resistance line. On the four-hour time interval, it is clear that there are prospects for the growth of quotations, as evidenced by the active working out of the price gap by the trading instrument, which began from 122.00. In case of a reversal and a downward movement, the nearest support is the local minimum of the last week, around 109.00. Technical indicators confirm the likelihood of an upward correction, almost giving a buy signal: fast EMAs on the Alligator indicator are ready to cross the signal line upwards, and the AO oscillator histogram entered into the buy zone, forming the first upward bar there. [img]https://i.ibb.co/SthPW87/META-051222-11.png[/img] [B]Trading tips [/B] Long positions may be opened after the price rises and consolidates above 133.00 with the target at 155.00. Stop loss – 125.00. Implementation period: 7 days or more. Short positions may be opened after a reversal, reduction, and consolidation of the price below 109.00 with the target at 88.00. Stop loss — 115.00. [B]Use more opportunities of the NPBFX analytical portal: glossary[/B] Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on Meta Platforms Inc. and trade efficiently with [URL=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/URL]. [/QUOTE]
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