Fundamentals Questionable considering the current regulatory issues faced by Social Media stocks
Technicals Poor on most time frames Look at the potentially beautiful H&S formation on the weekly chart (potentially negative)
Flows Negative for now, could be getting a boost/rebound this week after holding and closing the 50 SMA last week Will very much depend on the market situation, also bound for a rebound this week after holding SMA 50
Conclusion Expect short-term rebound within the 30-35 area Medium term caution required, especially in the current market context Another break (and close) below the neckline would bode badly for the stock and confirm H&S If H&S formation confirmed then target becomes 22/share, where the stock previously broke out
Action LONG-TERM investors should await to get more clarity on the fundamental (negotiation with Senate) and technical (H&S formation) pictures SHORT-TERM traders could buy the rebound here and target the MA200 at $32: BUY here (30.49), TARGET 32 then 34, STOP-LOSS at 29.80
Đóng lệnh: dừng lỗ
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Poor picture confirmed for longer term holders. Short-term rebound did take place as expected but was short lived.