Meta - The Final Resistance Breakout!

Dec 5, 2024

Meta (META) could actually break the resistance trendline:



Click chart above to see the detailed analysis👆🏻

As we are speaking, Meta is actually retesting the major (and only) resistance trendline of the reverse triangle pattern. If we actually see the bullish breakout - which obviously has to then be confirmed - this triangle breakout could lead to an immediate rally of more than +40%.

Levels to watch: $650, $1.000

Keep your long term vision,
Philip (BasicTrading)

Dec 17, 2024

Trade active

Trading update on Meta (META):



Click chart above to see the detailed analysis👆🏻

Meta is still struggling to finally break above the upper resistance trendline of the reverse triangle pattern. This means that we cannot be 100% bullish yet since there is actually the chance that Meta will reverse right here. Nevertheless optimism is important and that's why I still prefer a bullish breakout.

Levels to watch: $650, $1.000

Keep your long term vision,
Philip (BasicTrading)

Dec 25, 2024

Trade closed: target reached

Trading update on Meta (META):



Click chart above to see the detailed analysis👆🏻

It honestly looks like we will see another bearish rejection on Meta after Meta is actually not really able to break the resistance trendline towards the upside. We still need a little more clarity on the smaller timeframes, but if a stock does not move up, it will eventually reverse and start a substantial move lower.

Levels to watch: $650, $420

Keep your long term vision,
Philip (BasicTrading)