META New rally to $800 started.

Meta Platforms (META) is consolidating within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) only 3 weeks after it touched the bottom (Higher Lows trend-line) of the 1-year Channel Up.

This is the start of the new Bullish Leg of the pattern, half-way through the accumulation process. Once the 1D RSI breaks above its Lower Highs trend-line, we will have a bullish confirmation signal similar to October 06 2023. Our Target is $800.00, which represents a +95% rise, similar to both previous Bullish Legs of the Channel Up.

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