SamSuka
The Long Investor
The Long Investor

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$META

A double beat on earnings and increased their Capex limit they shared in their previous Earnings.

Price has reacted very well and between $META and $MSFT reporting yesterday, the entire market has seen a strong green wave in the PM today.

With $META we continue to watch where the Wave B range is between $610 and $641 for a potential rejection, this is in line with what we are watching with the market in between its own 0.5 - 0.618 Fib range, where their 50 WMA is right now.

Since the pull back began on the 10th of Feb, I see no Wave B bounce on this chart to start of April, and we always expect to see 3 waves, so right now, the chart I am showing is the dominant scenario,

$META

Comments

Hi, Cap..any update for $META?

Rafa G


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