Does META have further upside ?

٤ سبتمبر ٢٠٢٣

META is slightly above the 8EMA ($294.11) on Daily and weekly basis but below the 10WMA ($298.36) .If Price clears and stays above $299 the stock will head to max resistance target of $309-$316.

Likely Targets above $316 are $317,$321,$343,$352 and $382

On Monthly basis the stock is moving parabolic for last 8 months and suggests limited upside until price closes above $316.

On the downside if the price closes below $290 , Likely Target is $272.

Overall indecisive until price clears $299 or $290.

Note September is volatile month so caution is warranted with sizing and stop loss.