On the 18th of August 2023, Meta Platforms Inc formed a low near  274.36  levels and closed positive. The next day it opened gapped up and made a high above the previous high and closed above the previous high confirming a bullish trend in the coming days. The stock rallied up to the Fast EMA (21) and profit booking was witnessed leading to a bear candle, the next day the security formed a harami pattern which confirmed trend continuation on the upside. Currently, the security has closed above Both the Fast and Slow EMA which indicates a positive move, whereas the price action indicates that the buyers are still keen to buy in the market.

On the indicator front the momentum Indicator Rsi is forming HL and HH supporting the upward.

Opportunity to Buy

Aug 30 2023