Key Takeaways
- Shares of Meta Platforms got a boost Monday as the tech giant announced plans to introduce paid advertising to WhatsApp, opening up a new revenue stream.
- After reclaiming the 50- and 200-day moving averages, Meta shares consolidated within a pennant before decisively breaking out from the pattern earlier this month.
- Investors should monitor important overhead areas on Meta’s chart around $741 and $865, while also watching key support levels near $635 and $603.
Meta Platforms (META) shares rose Monday as the tech giant announced plans to introduce paid advertising to WhatsApp, a move that expands the company’s revenue-generating opportunities.
The company, which expects to launch several advertising features globally…
