Meta Platforms: Retest Of February Gap Near $400 Likely (Technical Analysis)


  • Meta Platforms, Inc.’s streaking price advance from $88 in October 2022 to $531 in April 2024 is completely overcooked, and appears to already discount years of future business growth.
  • Technical analysis suggests a retest of the February price-gap move is next, leading to a potential -15% to -20% downdraft in shares.
  • A reset and rebalance in share supply/demand could create a better entry point for new purchases with a stronger valuation proposition under $400.

Businessmen studying graphs on an interactive screen in business meeting

Monty Rakusen

I will admit, my 2023 Sell ratings on Meta Platforms, Inc. (NASDAQ:META) have been some of the worst performance ideas I have suggested on Seeking Alpha. I have completely underestimated the rebound in online

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