From sell signal to fresh buy: Meta accelerates
Meta Platforms jumps 14.8% and flips from a sell signal to a fresh buy signal
From sell signal to fresh buy: Meta accelerates
Our view last week
Week 8 of a sell signal on Meta Platforms: the week just closed gained 5.9%, with buy volume climbing to 41% from 28% the week before. The daily chart still shows the double bottom in the 549 area, with an intermediate 12% rebound, and price is now working between the first resistance in the 591 area and the first support in the 580 area: a tight band that reads more like an undecided market than a decline still marching forward.
This week's summary
Meta Platforms flips signal: the week just closed jumps 14.8% and closes out a sell signal that had run for eight weeks, replacing it with a new buy signal. Price clears the high of the last seven sessions, the weekly structure is spotless across the board, and the MACD has just crossed bullish. In our technical analysis, Meta ranks fourth among the 6 fresh US buys this week, with the entry still to be confirmed.
IQS Phase
51
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#4 / 6
New us stocks
Trade P&L %
+0.00%
from signal to today
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