META may start to go bullish?
Meta shares jumped 7% after hours. This is because Meta's latest earnings report exceeded expectations across the board: revenue was $39.07 billion, up 22% year-over-year, and net profit was $13.465 billion, up 73%.
Technical speaking, Meta stock price has broken below the uptrend line and then found support at the previous gap down candle with high trading volume, initiating a rebound.
Currently, the price has rebounded to the resistance level around 476, which share same level with the lower edge of the previous gap .
If the price fails to break above this resistance level, it might probably drop more. on the contrary, it might start to go bullish after the valid breakout.
Technical speaking, Meta stock price has broken below the uptrend line and then found support at the previous gap down candle with high trading volume, initiating a rebound.
Currently, the price has rebounded to the resistance level around 476, which share same level with the lower edge of the previous gap .
If the price fails to break above this resistance level, it might probably drop more. on the contrary, it might start to go bullish after the valid breakout.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.