Antony_NPBFX
NPBFX Representative (unconfirmed)
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Meta Platforms Inc.: technical analysis 07.08.2024
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Meta Platforms Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Meta Platforms Inc., an American transnational holding company that owns a technology conglomerate and the largest social network Facebook, are trading at 494.00.
A correction trend is forming on the daily chart, within which the price is moving in a wide ascending range of 542.00–448.00.
On the four-hour chart, the quotes have turned around at the support line of 448.00 and are developing an upward trend to the channel resistance line of 540.00 with the main obstacle at the high of 510.00.
Technical indicators maintain a sell signal: fast EMA on the Alligator indicator are close to the signal line, and the AO histogram is forming correction bars in the sell zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 502.60, with the target at 540.00. Stop loss is 490.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 484.00, with the target at 450.00. Stop loss is 500.00.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Meta Platforms Inc. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Meta Platforms Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Meta Platforms Inc., an American transnational holding company that owns a technology conglomerate and the largest social network Facebook, are trading at 494.00.
A correction trend is forming on the daily chart, within which the price is moving in a wide ascending range of 542.00–448.00.
On the four-hour chart, the quotes have turned around at the support line of 448.00 and are developing an upward trend to the channel resistance line of 540.00 with the main obstacle at the high of 510.00.
Technical indicators maintain a sell signal: fast EMA on the Alligator indicator are close to the signal line, and the AO histogram is forming correction bars in the sell zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 502.60, with the target at 540.00. Stop loss is 490.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 484.00, with the target at 450.00. Stop loss is 500.00.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Meta Platforms Inc. and trade efficiently with NPBFX.