Meta Platforms / META is pulling back again to test the 1day MA50, which has been holding since September 11th.
The pattern is quite similar to the January 2nd 2024 pull back, a bullish break out that also took place after a prolonged consolidation pattern.
The 1week RSI patterns between the two are also fairly similar.
As long as the 1day MA50 holds, we expect META to stay on this expansion wave.
Target $800 which is a +93.92% rise from the bottom, the rise that formed the previosu peak (April 8th 2024).
Previous chart:
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The pattern is quite similar to the January 2nd 2024 pull back, a bullish break out that also took place after a prolonged consolidation pattern.
The 1week RSI patterns between the two are also fairly similar.
As long as the 1day MA50 holds, we expect META to stay on this expansion wave.
Target $800 which is a +93.92% rise from the bottom, the rise that formed the previosu peak (April 8th 2024).
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.