Watch These Meta Price Levels After Stock Snaps 20-Day Winning Streak
Key Takeaways
- Meta shares shares fell on Tuesday for the first time in more than a month, ending a streak that saw the stock climb 20%.
- The price has rallied into the upper trendline of an ascending channel, but has failed to make a decisive breakout, potentially undermining recent buying momentum.
- Investors should watch key support levels on Meta’s chart around $680, $632, and $600.
- The measured move technique, which calculates the width of the ascending channel in points and adds that amount to the pattern’s top trendline, forecasts a price target of $861.
Meta (META) shares were slightly lower in premarket trading Wednesday, one day after posting their first decline in more than a month.
The stock fell nearly 3% on Tuesday to snap…
