Here's where Meta shares could go from here after their post-earnings sell-off, according to the charts

This week, the tech giant's stock broke below its 50-day moving average, as it sold off with investors questioning Meta's upside potential amid excessive spending on artificial intelligence. This backdrop provides an opportune time to review

has experienced a period of remarkably positive price momentum. I've highlighted the RSI in green, showing how the indicator often became overbought in rally phases — and rarely broke below the 40 level on pullbacks. In bullish market trends, the entire range of the RSI tends to move higher, confirming that the momentum overall is quite constructive.

right into the middle of the price gap formed in early February. Gaps often serve as support and resistance going forward, so I would see a move back above $450 as a bullish short-term development. This would indicate that the initial reaction to Q1 earnings was overplayed, and investors are seeing value in buying

has not touched since February 2023. Sudden moves related to earnings are not uncommon. The good news is the technical analysis toolkit includes tools like Fibonacci Retracements, price gaps, and moving averages to help us identify potential support and resistance levels. The bad news for

پاکستان تازہ ترین خبریں, پاکستان عنوانات

Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔

Meta Platforms Earnings: META sinks 10% on lower Q2 revenue guidanceThis must be 'opposites' week.
ذریعہ: FXStreetNews - 🏆 14. / 72 مزید پڑھ »

Meta vs the FTC: Meta claims WhatsApp and Insta acquisition wasn't monopolisticIzzy, a tech enthusiast and a key part of the PhoneArena team, specializes in delivering the latest mobile tech news and finding the best tech deals. Her interests extend to cybersecurity, phone design innovations, and camera capabilities.
ذریعہ: PhoneArena - 🏆 322. / 59 مزید پڑھ »