Blue lines- bullish channel
Red line- bearish RSI divergence
META stock price is now trading outside of the blue upward sloping channel it was in since November of 2022. Price showed several warning signals over the last few sessions. The RSI provided bearish divergence warnings as we pointed out several times in our analysis. With today's close below the bullish channel we confirm the end of the upward wave that started last November. META is most probably starting a corrective pull back that could push price towards at least towards $270.
