Meta is still supported at the critical support of 326 but h...
$Meta Platforms(FB.US$
Meta is still supported at the critical support of 326 but has found resistance at the 20ma. This is due to the nasdaq 100 still not yet showing strength. However as long as meta is sitting above 326, the chance of rebounding off here to break 330 resistance which is 20ma will be higher than breaking down to 323 final support.
Meta is still supported at the critical support of 326 but has found resistance at the 20ma. This is due to the nasdaq 100 still not yet showing strength. However as long as meta is sitting above 326, the chance of rebounding off here to break 330 resistance which is 20ma will be higher than breaking down to 323 final support.
Meta is correlated to NDX as a top 10 holding and once the NDX has touched the 20ma which is positively sloping upwards, it will rebound off in a strong jump which will bring meta up together to break 330 and 334 resistance and back to retest the 342 resistance.
Do note I do not expect to see NDX rebounding yet this week thus Friday may not be a strong day for meta as well.
As long meta is still above 326, this is still a buy the dip opportunity.
As always, trade safe & invest wise!
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UniqueSpecial : Is it expected to return to 345?
Investing 101OP UniqueSpecial: If it breaks 342 for sure it will break 345.