Since its breakout above the resistance line at $544, 
META has been consolidating for almost 2 months within a parallel rectangle. The consolidation area is highlighted in yellow (B). This consolidation could potentially end with a breakout above the resistance line at $602.
Considering that the next 2 weeks are expected to be volatile (the first 2 weeks of December in an election year), I believeMETA will test its support line, possibly close the bull gap (C), and then rise with momentum to break out above $602.
When we zoom out, we can see thatMETA is within an ascending channel (A), right in the middle. We can also see that META tends to consolidate towards the lower boundary of the channel and then rise, which supports the analysis of the consolidation area in (B).
Conclusion: In the short run, we may see some downside, but in the long run, I believeMETA will continue to rise and potentially reach the target price of $660, which is the height of the consolidation area (B).
META has been consolidating for almost 2 months within a parallel rectangle. The consolidation area is highlighted in yellow (B). This consolidation could potentially end with a breakout above the resistance line at $602.Considering that the next 2 weeks are expected to be volatile (the first 2 weeks of December in an election year), I believe
META will test its support line, possibly close the bull gap (C), and then rise with momentum to break out above $602.When we zoom out, we can see that
META is within an ascending channel (A), right in the middle. We can also see that META tends to consolidate towards the lower boundary of the channel and then rise, which supports the analysis of the consolidation area in (B).Conclusion: In the short run, we may see some downside, but in the long run, I believe
META will continue to rise and potentially reach the target price of $660, which is the height of the consolidation area (B).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.