TradingKey – Meta Stock Pulls Back After Two Attempts at $750: Has the Bullish Rally Come to an End?

On September 23, Eastern Time, Meta (META) remained blocked at $750 and continued to fluctuate below it. In pre-market trading, Meta rose 0.16% to trade temporarily at $737.79. Over the previous two days, Meta’s stock price broke above $750 intraday, but failed to hold above that level at the close, reflecting heavy underlying selling pressure.

On September 21, Meta surged over 11% in a single day, forcefully breaching the strong resistance at the $700 mark, a level it had failed to effectively break through despite multiple attempts since February this year. The key catalyst behind the sudden surge in Meta’s stock price was its newly…