META was identified at around 577.465 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 585.6304 level.
Related Posts
ADBE formed a Channel Down on the 4 hour chart. Retest of support in sight.
The movement of ADBE towards the support line of a Channel Down is yet another test of the…
After trying numerous times in the past, BABA finally breaks 111.2700!
BABA has broken through a line of 111.2700. If this breakout holds true, we could see the price…
After testing the support line numerous times, NFLX is once again approaching this line. Can we expect a bearish trend to follow?
NFLX is heading towards the support line of a Channel Up and could reach this point within the…