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Meta Stock (META) is soaring in premarket trading today, gaining nearly 20%, after management reported Q4 results and guidance that relieved fears, prompting a slew of Wall

META stock

Meta Stock (META) has been grinding higher for weeks, pausing at the 200d moving average on Wednesday. At the same time, MarketSmith’s accumulation/distribution rating confirmed institutions were adding positions into earnings. Now that price action is clear of the 200d, we are watching for opportunities to start building positions.

  • We are in no rush. We’ll look for potential dips to start buying shares.
  • We are targeting the gap over head and analysts targets as they align at this zone.
METAS

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Happy Trading, 

 

Vinny

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META stock

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