META

Another stock looking to rise, folks, and try to reach its all- time highs is Meta. Look at this rise in Meta stock after a strong breakout, then a correction, then a bounce. This is a tremendous height, similar to a SpaceX rocket launch from Florida.

We see a huge leap on the graph. Note that I will switch to the weekly timeframe so that you can see this parallel channel more clearly. We have highlighted this channel and captured most of the price movement since December 2023.

The price deviated from the bottom, but it resisted and came back strongly to rise. We are now very close to its all- time high, having reached a high of 796.25.

So, I start with, you know, number one. Therefore , from 110 to 150 are five charts that I consider at this stage to be in an initial upward trend, and a strong accumulation phase.

The reason I do this is that I can run a performance table and say, "Show me last month," and I can see that Meta is up 25%, and Micron is up 13%.

Meta has taken off recently.

Now, Meta did jump up above Google for a couple days, but Meta's it's going down. Meta went down like 4% today and a couple percent uh the last market day. So Meta has given up about $8,000 in gains, bumping itself down, but you can see how close these are.

Meta is the most volatile of the Max 7 and has repeatedly offered tremendous buying opportunities in times of public outrage and unpopularity. And such a time has come again. Meta just faced one of its biggest lawsuits in history and many more are still outstanding.

And it spends hundreds of billions of dollars on capex that the market is deeming highly questionable.

So, the first stock we have on the list is Meta. Have you seen Meta? This arrow launched like a rocket. Buy signal, or should I say bullish momentum signal . We used to call them buy signals, and I might say that a few times, but the bullish momentum signal has just turned into a bullish momentum signal here. This is what I meant to say on September 4th.