Meta recently came under significant downward pressure and declined sharply. Since the second half of last week, however, the price has managed to stabilize somewhat, maintaining a clear distance from the important support at $518.31. Initial attempts to move higher have also started to emerge again. Our primary view is that META is in the early stages of a new higher-degree upward movement. The first impulse should carry the stock toward the resistance at $796.25 before an initial correction takes it back down toward the lower resistance at $691.58. Under our alternative scenario, we would allow the higher-degree wave of the fourth degree more room to the downside. In that case, the stock would undercut the primary low assumed near the support at $518.31. We assign this scenario a probability of 37%.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.