Watch These Meta Price Levels After Stock Snaps 20-Day Winning Streak | Global News Avenue

meta(Yuan) On Wednesday, stocks were slightly lower in Wednesday’s listing trading, the first decline in more than a month.

The stock fell nearly 3% on Tuesday to grab a 20.5% winning streak. The rally began on January 17, spanning a period that included President Donald Trump’s inauguration Optimistic fourth-quarter earnings report The emergence of AI Chinese startups DeepSeek.

Metasharing has surpassed theirs Seven Optimism about the company since the beginning of the year A large investment in AI Helping drive advertising revenue and increasing user engagement.

Next, we break down technology On the Meta chart and identify key price levels that investors may be focusing on.

Upload channels are still in play

Meta stocks are trending higher in order Upgrade channel Since July last year Price action Contains between two trend lines of the pattern.

Recently, the stock has been integrated into the channel’s upper trendline but has failed to make a decisive breakthroughmay disrupt the buying momentum.

In another disturbing sign of the Bulls Relative Strength Index (RSI) The highest reading volume since February last year was lower than Overbought Thresholds, which may lay the foundation for further decline.

Let’s determine the three keys Support level Watch stocks experience merge Stage, projection Price target It is worth monitoring if the shares explode out of the upper trend line of the channel.

Key support levels to watch

The first lower level game position is about $680. We predicted this price using the Bar Mode tool, which will move lower within the channel from October to November and reposition from yesterday’s high, guessing that future tests of the trendline in the mode may appear.

one break down Below the downtrend line of the upward channel, it could cause the stock to fall to $632, and the position on the chart may provide nearby support peak In mid-December and early January.

Further sales opened the door to resupporting support around $600. Investors can look for opportunities in this area nearby Psychological circle number and a series of similar trading levels on the chart between October and January.

Measured mobile price targets to monitor

Investors can predict targets above the upper trend line of the upward channel by using measured mobile technology, also known as chart observers Measurement principle.

When applied to the graph of Meta, we calculate the width of the channel point And add that quantity to the highest trend line of the pattern. For example, we added a price of $120 to $741, which targets $861, about 20% higher than Tuesday’s closing price, and investors may decide to decide Lock profits.

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As of the date of writing this article, the author does not own any of the above securities.