Meta Platforms (META) hit our $320.00 target after our most recent November 19 call (see char below) following a clear rejection on the Higher Highs trend-line:
The stock has since held the 1D MA50 (blue trend-line) as its short-term Support and turned into a buy again. The short-term target is still limited to the Higher Highs trendline and in that sphere of logic, we will target $350 (Target 1).
If however Support 1 (313.50) breaks, we might see another almost -16% decline, similar to the previous two bearish legs since July 28, which can test the 1D MA200 (orange trend-line). That will be the strongest buy opportunity on the medium-term and we will target again the Higher Highs trend-line at $360 (Target 2).
Any candle closing above the Higher Highs trend-line will be an automatic bullish break-out signal, targeting straight the All Time High at $384.50.
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The stock has since held the 1D MA50 (blue trend-line) as its short-term Support and turned into a buy again. The short-term target is still limited to the Higher Highs trendline and in that sphere of logic, we will target $350 (Target 1).
If however Support 1 (313.50) breaks, we might see another almost -16% decline, similar to the previous two bearish legs since July 28, which can test the 1D MA200 (orange trend-line). That will be the strongest buy opportunity on the medium-term and we will target again the Higher Highs trend-line at $360 (Target 2).
Any candle closing above the Higher Highs trend-line will be an automatic bullish break-out signal, targeting straight the All Time High at $384.50.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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🚀 I Trade Crypto, Stocks, Indices & Commodities on Bitbase | 1k+ pairs,Low fees,One account! Signup👉 bitbase.com/pro/TRADINGSHOT
💰Message me @ t.me/tradingshot for Account Management|+20% monthly profit| Min. capital $30k|Low Risk
💰Message me @ t.me/tradingshot for Account Management|+20% monthly profit| Min. capital $30k|Low Risk
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.