One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. We notice that large players showed an interest for META in the last couple of days, which is a good sign. There is a support zone below the current price at 304.59, a Stop Loss order could be placed below this zone. There is very little resistance above the current price. Prices have been consolidating lately and the volatility has been reduced. The current setup rating for NASDAQ:META is 9:īesides having an excellent technical rating, META also presents a decent setup pattern. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. It is currently trading in the middle of this range, so some resistance may be found above.įor an up to date full technical analysis you can check the technical report of META How does the Setup look for NASDAQ:METAĪlongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock.
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