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Is the Meta Platforms stock correction over?

Is the Meta Platforms stock correction over?
Ansh Rathod
Dec 12, 2021, 11:58 AM
  • FB formed several strong bullish candles and it is now looking like it will be retesting the resistance at $32
  • If a long position is taken after a retest investors must be cautious of the resistance at $337.
  • A target of $353 can be kept, followed by $380 and eventually a new all time high in the coming months.

Meta Platforms (NASDAQ: FB) closed over 7% higher last week, it is looking like the correction could be over and a rally could start soon. FB has fallen by over 15% from the all-time high that it hit earlier in September, thus investors are now looking to buy the dip in FB in hopes of a rally soon. FB rallied by over 7% in price last week which could be an indication of a new all-time high soon due to the return of the buyers in FB. Should you buy FB despite the strong downtrend?

Here is what the charts are pointing towards-