The upward trend of facebook continues, little conditioned in a week where the Nasdaq has struggled a lot, demonstrating a good intrinsic relative strength.
The price goes to kiss the resistance trendline created by the highs of August and then retrace at the closing on Friday.
The trend is supported by good volumes, which are also growing, as is the RSI, still far from the overbought zone.
As for me, the first target is $ 300, where I will liquidate part of the position, and then see if 2021 will finally be the year of Facebook that aims for 400.
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