“3 Trend Line Trade Setups (META, MRVL, TSLA)”
A confirmed breakout above the down-sloping trendline favors a move higher to $750-$800; bullish if it pierces, breaks, and confirms.
So, the first trade setup we're talking about is Meta. And as we know with downsloping trendlines, what do they mean? Well, it just generally means that the stock has been in a down and consistent downtrend.
Now, attacking this upper trendline, should it pierce, break above, and confirm, guys, it certainly favors a move higher up to, you know, maybe the next resistance level here on $750, 77744, and then potentially towards double top around 800 bucks. But it all starts with this trend line.