META Buy the rally but sell mid October
Meta Platforms / META is having a strong rebound off the 4hour MA200.
A potential Wedge pattern attracts comparisons with the consolidation after the COVID recovery in 2020 and Trade Wars in 2019.
Even in the event of a break out above the top of the Wedge, the price touched in both occasions the 1day MA200 before resuming the rally.
Be ready to sell in around 2 weeks and target 285.
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A potential Wedge pattern attracts comparisons with the consolidation after the COVID recovery in 2020 and Trade Wars in 2019.
Even in the event of a break out above the top of the Wedge, the price touched in both occasions the 1day MA200 before resuming the rally.
Be ready to sell in around 2 weeks and target 285.
Follow us, like the idea and leave a comment below!!
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