The Long Investor
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$META
🕑 Added 2025-05-01 09:34:34 +0000 UTCA double beat on earnings and increased their Capex limit they shared in their previous Earnings.
Price has reacted very well and between $META and $MSFT reporting yesterday, the entire market has seen a strong green wave in the PM today.
With $META we continue to watch where the Wave B range is between $610 and $641 for a potential rejection, this is in line with what we are watching with the market in between its own 0.5 - 0.618 Fib range, where their 50 WMA is right now.
Since the pull back began on the 10th of Feb, I see no Wave B bounce on this chart to start of April, and we always expect to see 3 waves, so right now, the chart I am showing is the dominant scenario,
Comments
Rafa G
Hi, Cap..any update for $META?
