$META FACEBOOK Meta Technology Falling Wedge Descending Channel

$META FACEBOOK Meta Technology Falling Wedge Descending Channel

Meta Platforms, Inc. NASDAQ:META


$META FACEBOOK Meta Technology Company

Falling Wedge Pattern – Descending ChannelDouble Bottom at support with a bullish harami on the 4 hour candle.

$META is looking bullish from here on a technical view for a bounce off the bottom trendline. If it breaks out and holds above the channel it has a measured move of $234 target.

GAPS are marked in RED.

Word on the streets says Mark Zucker is not hiring much and has been bringing the heat in on his current employees hoping to weed out the weakest links. Meta has had some failed crypto related launches and has thick competition in the social media world. Better management and highly talented individuals is exactly what the company will need in order to be first class in the metaverse and live up to the name.

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