Currently Meta's double top around $750 is still in play. We wanted to watch the $710 level start to hold to climb back up but in early market we are still seeing a fall which could lead to our next lower support level around $680.
EPS data coming at the end of the month could signal if the trend will continue to be weak or if it is able to stay in line with the last few surprise prints and break through the key double top level.
The bearish divergence also shows us that currently the strength is starting to weaken in relation to price. Higher highs in price but lower highs on the RSI.
EPS data coming at the end of the month could signal if the trend will continue to be weak or if it is able to stay in line with the last few surprise prints and break through the key double top level.
The bearish divergence also shows us that currently the strength is starting to weaken in relation to price. Higher highs in price but lower highs on the RSI.
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Disclaimer
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.