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META September 5, 2024: A Pull Back to MA-50
With the current market condition, breakouts mostly failed during the last 1-2 months. We try to find stocks that are holding well during market correction, some kind of pulling back to its meaningful support.
On September 5, 2024,META pulled back to its MA-50 after the market's strong down move.
We opened a pilot position here, expecting the stock will consolidate around this level and will move up to a new high when the overall market condition will improve.
On September 5, 2024,
META pulled back to its MA-50 after the market's strong down move. We opened a pilot position here, expecting the stock will consolidate around this level and will move up to a new high when the overall market condition will improve.
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