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.
Trade active
META is gradually approaching our $800 buy target.Hold your position!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.