META priced the new Channel Up bottom. Eyes $800 next.

Meta Platforms (META) hit yesterday its 1D MA50 (blue trend-line) for the first time since January 02, while reaching the bottom of the short-term (dashed) Channel Up and the 1D RSI the November 15 2024 Low.

Since the 2-year pattern is also a Channel Up, this pull-back is a natural technical correction before the next Bullish Leg. Both previous rallies that started after long-term Accumulation Phases, then rallied by at least +45.10%.

As a result, we treat this correction as the most optimal medium-term buy opportunity to target $800 (top of dashed Channel Up and +45.10% from the Accumulation Phase bottom).

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