Meta Platforms (META) stock is trading around the $566-$568 range, down approximately 15% year to date and about 29% off it's 52 week record high. The stock has been facing recent downward pressure due to several major headlines.
Technical outlook:
Stock is on a downward momentum, after ranging for few weeks now. Price recently broke below the previous major support level, at %594.31-$581.24, in respect of the structure. we are anticipating a bullish retracement between $520.20-$530.20, support levels.
Key points:
A clear bullish reverse above the support, activates a buy position, eyeing $613.51, as next potential bullish.
Thanks for reading.
Technical outlook:
Stock is on a downward momentum, after ranging for few weeks now. Price recently broke below the previous major support level, at %594.31-$581.24, in respect of the structure. we are anticipating a bullish retracement between $520.20-$530.20, support levels.
Key points:
A clear bullish reverse above the support, activates a buy position, eyeing $613.51, as next potential bullish.
Thanks for reading.
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.
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.