Watch These Meta Platforms Price Levels as AI Optimism Boosts Stock to Record High
Key Takeaways
- Meta shares hit a new record high Friday as investor optimism about the tech giant’s AI opportunities runs high.
- The relative strength index confirms bullish price momentum in the stock, but also warns of overbought conditions, opening the door to short-term profit taking.
- Investors should monitor key retracement levels around $535 and $480, while also monitoring chart-based bullish price targets at $700 and $790.
Meta Platforms (META) shares hit another record high Friday as investors continue to pile into the stock, impressed by the tech giant’s latest artificial intelligence (AI) and metaverse innovations revealed last week at the company’s Connect conference.
Earlier this week, the shares received a boost…
