Meta experienced a rapid rise and fall during August. After recently retesting its Daily 55 EMA, it has re-entered an uptrend as defined by the stacked moving averages.
Traders looking to gain long exposure to tech, communications, or even Meta itself will likely find the $520-$525 range as a decent area to enter.
The trade becomes invalid if Meta breaks its 55 EMA, which also coincides with the $500 psychological level. First target is near its all time highs at $542. This opportunity presents a trader with an initial r multiple of roughly 1, with the potential for further upside gains.
Traders looking to gain long exposure to tech, communications, or even Meta itself will likely find the $520-$525 range as a decent area to enter.
The trade becomes invalid if Meta breaks its 55 EMA, which also coincides with the $500 psychological level. First target is near its all time highs at $542. This opportunity presents a trader with an initial r multiple of roughly 1, with the potential for further upside gains.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。