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META Technical Analysis: Potential Buy Opportunity

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META is currently exhibiting a bullish trend, trading above both its 100-day SMA and a key weekly trendline. The stock is currently retracing, having recently tested the 0.5 Fib retracement level, a common area of support. The RSI is also synced with the price action, further supporting the bullish outlook. This pullback could present a favorable buying opportunity.

Trading Recommendations:

Buy 1 (CMP): 669
Buy 2: 642
Stop-Loss: Closing below 575
Take Profit 1: 738
Take Profit 2: Open

A stop-loss order placed below the last higher low, which is also positioned below the trendline, is recommended on a closing basis. A laddered buy approach is suggested to take advantage of potential further price dips. Happy trading!

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