Pocket Pivot Review - Meta Platforms (META) 1/28/23
| Published: | 28 Feb 2023 12:17 ET |
Meta Platforms (META), formerly known as Facebook (FB), is attempting to post a pocket pivot as it comes up through its 10-day moving average within an overall flag formation. Keep in mind that should this pocket pivot fail, and the general market breaks lower, this could trigger a short-sale entry if it breaks back below the green 20-dema where it has found support over the past few days. For now the pocket pivot is developing with the 10-dma as initial support and a potential selling guide if the set-up fails quickly.
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