NVDA has gotten almost all of the press lately, but there are other members of the Magnificent 7 that have performed brilliantly.
And META is in that group.
It’s had a fantastic 2024 and has been doing what breakout traders absolutely love.
It’s consolidated in a sideways channel.
That usually means it’s gathering up energy.
Here’s the chart:
If the recent bullishness keeps up and we see a break above $602.95, META could go on a nice run.
We’ll keep an eye on it.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
