Technical analysis on META stock price for April 3rd, 2023.
April 3, 2023 1:26 pm
Blue lines- bullish channel
Black line- bearish RSI divergence
META stock price continues to trade in a bullish trend inside the upward sloping channel. Price is making new higher highs around $211. So far price continues to respect the boundaries of the bullish channel it is in. The RSI is providing new bearish divergence signals. Support by the channel is at $199.80. If the bearish RSI divergence is combined with a break below the $199,80 level (exit out of the bullish channel) then we will get our first reversal signal. Until then bulls remain in control of the trend.
The material has been provided by InstaForex Company – www.instaforex.com
Blue lines- bullish channel
Black line- bearish RSI divergence
META stock price continues to trade in a bullish trend inside the upward sloping channel. Price is making new higher highs around $211. So far price continues to respect the boundaries of the bullish channel it is in. The RSI is providing new bearish divergence signals. Support by the channel is at $199.80. If the bearish RSI divergence is combined with a break below the $199,80 level (exit out of the bullish channel) then we will get our first reversal signal. Until then bulls remain in control of the trend.
The material has been provided by InstaForex Company – www.instaforex.com
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