Nov. 14 at 2:47 AM
$META: The last close at
$609.89 indicates the stock is currently near the lower end of its 60-day range (
$601.2 -
$790.8). The RSI of 17.84 suggests that the stock is significantly oversold, indicating potential for a reversal or bounce. However, the MA30 (690.87) and MA50 (716.58) are both above the current price, indicating a bearish trend in the short to medium term.
Directional bias leans towards a potential short-term bounce due to the oversold RSI, but caution is warranted given the bearish moving averages.
Suggested entry:
$610.00.
Stop:
$600.00 (below the 60D low).
Targets:
$650.00 (first target) and
$680.00 (second target), aligning with the MA30 and previous resistance levels.
Monitor closely for confirmation of upward momentum before entering.
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