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home / news releases / META - S&P 500: Trend Followers Are Buying The Dip - Sell Into The Strength

META - S&P 500: Trend Followers Are Buying The Dip - Sell Into The Strength

Meta Platforms Inc

2023-03-05 03:21:06 ET

Summary

  • SP500 is bouncing of the key technical support as trend-followers are buying the dip.
  • However, SP500 still overvalued facing the likely recession.
  • Thus, this technical bounce is an opportunity to sell, as the fundamentals get priced in.

For further details see:

S&P 500: Trend Followers Are Buying The Dip - Sell Into The Strength
Stock Information
Company Name: Meta Platforms Inc
Stock Symbol: META
Market: NASDAQ
Website: facebook.com
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