Meta Platform Inc. Stock Code META.NAS
Price broke below the cloud in the previous trading session, after a break above the cloud failed to materialize. The move below the cloud has changed the chart outlook to bearish. Price has also moved below the Base lines, hinting at a change to the bearish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish but could be moving below the zero line soon. We think price is likely to move lower to the previous price low at $153.98 in the next 2-3 weeks.
$153.98 Price Target
$175.20 Risk Management Stop
3 weeks Trade Duration