The Long Investor

$META

Added 2023-06-07 16:03:51 +0000 UTC

$META keeps pushing upwards, in a very clear corrective manner, even the decline down to $87 had more structured waves. But this corrective move is often seen in Wave B. The only logical response to consider here and explain why this continues to extend is that it wants to gap fill, as Slim has rightly pointed out and I have to agree with her. The 0.65 Fib is very close to the gap fill at $280.

This has left a number of gaps during its ascent too, I suspect they will be filled when this eventually rejects.

$META will be under pressure from $AAPPL in the VR world, not many have considered $META's VR headset but many are talking about how they are going to be able to afford $AAPL's headset.....one is considerably in more demand...I suspect when $AAPL starts producing a cheaper version as they become more popular, this will be a market leader.