Monitor META; price is in/near purchase zone with bullish technical setup (golden cross) and strong recovery momentum.
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Meta, Meta is interesting, isn't it? It has been fluctuating somewhat around its 50-day moving average . Now, we have a golden cross forming. It looks likely that it will cross over positively next week.
Why ? An upward gap here, and another gap a few days later with trading volume. A huge candle here when they announced the news of their free smart assistant program, as a sort of mini-agent .
People were impressed by what they did. I was wondering what Zuckerberg had been doing over the past year while his stock declined, but you could see a bounce from 530 to 730 in a few weeks, or maybe a month or so.
This is a great deal of power from the bottom. So, they are finally doing some things that people like. I don't know how they will make money. They offer the news for free, but I know how they will do it.
They will take a small portion of every transaction that agent makes.
Monitor Meta. It has now returned to just above the purchase zone.
What this channel has said about $META
Cash Flow Machine | Mark Yegge | Wealth Architect has 4 calls on this stock; only the adjacent ones are shown.