Meta : Rounding bottom - LONG
Hey everyone! 🌟
It looks like Meta has successfully completed a rounding bottom pattern as of January 2024 and is currently forming a bullish flag pattern with some strong volume. They’ve just had a clean breakout, which is exciting! The target from the rounding bottom or cup pattern is around 702, with support at 515, especially since the current market price is 561.34.
This setup offers a great risk-reward ratio of 1:3 for long-term positions.
If you found this chart analysis helpful, give it a like! 😊📈
It looks like Meta has successfully completed a rounding bottom pattern as of January 2024 and is currently forming a bullish flag pattern with some strong volume. They’ve just had a clean breakout, which is exciting! The target from the rounding bottom or cup pattern is around 702, with support at 515, especially since the current market price is 561.34.
This setup offers a great risk-reward ratio of 1:3 for long-term positions.
If you found this chart analysis helpful, give it a like! 😊📈
Penafian
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