META price rising toward 796 after breaking descending trendline on high volume due to positive market reaction to AI agent monetization plans.
Jump to any passage
As for Meta platforms, I have been questioning them all year, saying that they seem to not know what they are doing. Their price has dropped, and I drew a small trend line. Two weeks ago, I said, "Pay attention to this, because although it has dropped, it is at a turning point, and it may drop again, or if it surpasses it, we will see a possible rise to a new record high."
This is what the situation looks like. There is significant trading volume at this slight breakout above the descending trendline, and as you know, that was a large candle, and now the price appears to be heading towards the 796 area, which is the highest point on this chart.
Therefore, they are investing heavily in MetaSpark, or Muse I think, or free AI, because they will get a percentage of every transaction that takes place through it. They believe that this agent is the future.
I saw the demonstration of this agent, which is Mark Zuckerberg telling his agent: "Search for this and that and buy this product from Amazon." The agent did that. Zuckerberg wants to get a percentage of every transaction in return.
This was well received by the market. For this reason, the share price rose significantly with the trading volume, and this trend was confirmed.
What this channel has said about $META
Cash Flow Machine | Mark Yegge | Wealth Architect has 3 calls on this stock; only the adjacent ones are shown.