Can META break the Resistance Line?
Updated
Weekly chart, META is trading in a rising rectangle, and the MACD indicator went negative. This signals a possibility for correction.
Below the support line (RED), the next strong support is 244 - 242
The other direction, after crossing the resistance line (BLUE), the near target will be 430
Below the support line (RED), the next strong support is 244 - 242
The other direction, after crossing the resistance line (BLUE), the near target will be 430
Trade closed: target reached
It was unexpectedly a quick bullish parabolic movement.The next target should be 612
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