Meta Platforms, Inc. / META got rejected last time exactly where we wanted to (see chart at the bottom of the analysis) and hit the bottom of the Triangle pattern, which is where we wanted to buy.
The price broke today over the 1day MA50, which was the pivot level inside the Channel Up pattern.
Based on the previous rebound, this is the start of the new bullish wave to to the top of the Channel Up.
The 1day rebounded on Support A, which is where the previous Channel Down Low was priced.
Buy on the closing of the next 1day red candle. Target 335.00 (+20.50% rise).
Previous chart:
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The price broke today over the 1day MA50, which was the pivot level inside the Channel Up pattern.
Based on the previous rebound, this is the start of the new bullish wave to to the top of the Channel Up.
The 1day rebounded on Support A, which is where the previous Channel Down Low was priced.
Buy on the closing of the next 1day red candle. Target 335.00 (+20.50% rise).
Previous chart:
Follow us, like the idea and leave a comment below!!
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