$META (Meta Platforms Inc) What a chart!
META's weekly chart is simply amazing
It is a perfect example of how much the markets work on momentum.
Last year, the story was that META was broken and would never recover.
This year, it is quite different.
But it's ultimately the price that determines what the narrative is.
A lot of things could be said:
-META focused on cost-efficiency
-The Metaverse investments were lowered.
-AI came to the news.
-Mark showed discipline and open-mindedness.
Bla bla bla.
All news are just a mirror of what price does.
So...as long as we stay above that long-term uptrend line, we can be pretty bullish.
Otherwise, a negative narrative will come to explain the breakdown.
... Show More
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