Meta Platforms - Flying under the radar...

9 Jul

META just rallied +500% without any correction and might create a top formation soon.



Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is quite likely that we will see a short term retracement. But the overall trend is still clearly towards the upside!

Levels to watch: $530

Keep your long term vision,
Philip - BasicTrading