$Meta Platforms, Inc.(META)$ I

$Meta Platforms, Inc.(META)$ It’s clear that for META, the 200 Daily Moving Avg has been a strong area of support for META. This makes sense to me from a few different perspectives. The other reason that makes sense to me is the valuation of META, which is dirt cheap trading at 22 times forward earnings and 26 times current earnings tells me there isn’t that much more downside from that perspective. META started to show some signs of a breakout after moving up to 610. META through 600 this week will retest 610. It's possible we see 633 in the next 2 weeks if META breaks out above 610.

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