Meta stock price remains inside upward sloping channel.
June 29, 2023 3:24 pm
Blue lines- bullish channel
META stock price is trading around $284. Price remains in a bullish trend making higher highs and higher lows. Price remains inside the upward sloping channel. The RSI has started providing bearish divergence signals. At current levels price has reached overbought conditions and combined with the bearish divergence signs, there are increased chances of a pull back towards the channel boundary at $260. Channel support is at $260. We expect price to make a pull back.
The material has been provided by InstaForex Company – www.instaforex.com
Blue lines- bullish channel
META stock price is trading around $284. Price remains in a bullish trend making higher highs and higher lows. Price remains inside the upward sloping channel. The RSI has started providing bearish divergence signals. At current levels price has reached overbought conditions and combined with the bearish divergence signs, there are increased chances of a pull back towards the channel boundary at $260. Channel support is at $260. We expect price to make a pull back.
The material has been provided by InstaForex Company – www.instaforex.com
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