Meta Platforms, Inc. (META) closed up 11.43% at $741.25 on September 21, adding more than $200 billion in market value in a single trading session. The explosive rally was driven by strong momentum from its new Muse AI agent and a price target raise by Wells Fargo.
Technical Insight:
META is on a massive bullish motion. The stock just broke above its long term horizontal consolidation, after couple months oscillating in respect to the structure. Price is partially preparing back test, as we anticipate long continuation.
Key point:
A confirmed pullback between $705-$724, activates another position eyeing $800 as next potential bullish.
Thanks for reading.
Technical Insight:
META is on a massive bullish motion. The stock just broke above its long term horizontal consolidation, after couple months oscillating in respect to the structure. Price is partially preparing back test, as we anticipate long continuation.
Key point:
A confirmed pullback between $705-$724, activates another position eyeing $800 as next potential bullish.
Thanks for reading.
Transaction en cours
META is gradually approaching our $800 buy target.Hold your position!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.