META (FACEBOOK) MAY RETURN TO IPO PRICE @ $38 (2014)
LONG TERM DOWNTREND SINCE 010222
MEDIUM TERM DOWNTREND SINCE 041221
SHORT TERM DOWNTREND SINCE 260722
Meta broke its long term uptrend on 010222 that started in 2014 with an IPO price of $38.
The initial targets were 154-176 range on the ichimoku cloud SSSA and B lines respectively.
The stock gapped down to a low of 97.37 on 281022.
The weekly charts affirms the strong downtrend that started on 041221 confirmed by the supertrend and Ichimoku cloud flip and position.
PIVOT 132.61
Short positions below 132.61 for 38.00 and 27.01
Long positions above 132.61 for 171.63 and 257.31
MEDIUM TERM DOWNTREND SINCE 041221
SHORT TERM DOWNTREND SINCE 260722
Meta broke its long term uptrend on 010222 that started in 2014 with an IPO price of $38.
The initial targets were 154-176 range on the ichimoku cloud SSSA and B lines respectively.
The stock gapped down to a low of 97.37 on 281022.
The weekly charts affirms the strong downtrend that started on 041221 confirmed by the supertrend and Ichimoku cloud flip and position.
PIVOT 132.61
Short positions below 132.61 for 38.00 and 27.01
Long positions above 132.61 for 171.63 and 257.31
Quant Strategic Singapore
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