Meta Stock Skyrockets To $300 Resistance Level For The First Time Since 2022 - But Can Bulls Break Through This Major Barrier?
Portfolio Pulse from Zaheer Anwari
Meta Platforms Inc's stock price hit the $300 resistance level for the first time since February 2022, marking a significant milestone. The stock has seen a 143% increase in 2023, largely due to successful initiatives and the popularity of their new app, Threads, which gained 100 million users in just 5 days. The future of the stock depends on whether it can break through the $300 resistance level.
July 12, 2023 | 9:56 pm
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Meta's stock has hit a significant resistance level at $300. The future performance of the stock will depend on whether it can break through this level, which may be influenced by the continued success of their new app, Threads.
The stock has seen a significant increase in 2023, largely due to successful initiatives and the popularity of their new app, Threads. If the app continues to perform well and attract users, it could help the stock break through the $300 resistance level.
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