Meta shares and expected new purchase areas

New analysis of Meta stock.

 

The stock is still moving in a strong uptrend, as we can see.

The stock has continued to rise, forming new demand zones.

Upside from these zones is expected in the event of a return and retest.

These zones are located at the 614.51 level, as shown on the chart.

In the event of a retest, it is expected to rise from these zones to the specified targets.

Located at the 661.98 and 712.24 levels, respectively.

However, if the first demand zones are broken and closed below them,

the decline may continue, reaching the next demand zones, which were previously

noted, located at the 557.52 level.

Upside from these zones is expected in the event of a decline and retest.