Meta has recently pulled back to the 61.8% Retrace and since initially testing it we've seen meta make a series of higher highs and higher lows locally and now it would seem that it is attempting to make a third higher low it has also been encouraging that the majority of the candles on this third higher low attempt have closed positively. Lastly on this 3rd Valley we have a bit of Hidden Bullish Divergence on the MACD and Bullish Convergence on the RSI. If we can break above the last local high of $744.00 from here we will then have confirmed a 3 Rising Valleys Pattern which would take us up the the height of the pattern, but to simplify the measured target I will just be targeting the 1.618 extension at $815.60.
Personally I have some $680-$695 strike, 2-month call options to play the move up in META.
Personally I have some $680-$695 strike, 2-month call options to play the move up in META.
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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.