Solid News

Meta Platforms Inc., Technical Analysis

3/13/2023 10:04 AM

The shares of Meta Platforms Inc., the US multinational holding company that owns technology conglomerate and social media giant Facebook, are trading at 179.00.

On the daily chart, a global corrective trend is forming, within which the price is above the price gap of 153.00–180.00.

The four-hour chart of the asset shows that the prospects for further growth of the asset are high, confirmed by the possible formation of a local trend continuation Flag pattern with the implementation level around 189.00. If the quotes fall below the mid-February low at 169.00, further movement to the beginning of the price gap at 153.00 is possible.

Technical indicators keep a buy signal: fast EMAs on the Alligator indicator remain above the signal line, and the AO histogram forms corrective bars in the buying zone.



Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023 SolidECN.com