Meta: Chilli Cheese Dip
Meta is currently reorganizing parts of the company, which resulted in 11,000 job eliminations and further cost-cutting moves. The Meta course is currently rising and expected to fall back down into a correction into the yellow trading area below the support line at $88.09. After the green wave [A] is completed, the trend should shift out of the yellow area to work its way above the resistance at $142.60. Once the Meta-course reached that mark, it should easily climb further above $171.39. If the current trend continues to rise above $142.60, with a probablity of 40%, the Meta course would follow our secondary scenario which is expected to exceed the $171.39-mark without even dropping into a correction in the short-run.
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