META daily cup and handle broke out and is trading to a retest of the breakout level at ~662. A hold over 661~663 area confirms the breakout and would be a good location to add longs. The proper measured move would put the price target far past the ATH in the 900s, which I think is a bit excessive in the short term given the current economic and geopolitical climate. My price targets are a bit more conservative, with the first PT at 681.25 and a secondary PT at 688.65.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.