Meta trades higher and on pace for 19th straight gain; price inching upwards

Meta shares were down as much of -$7.34 today. However, selling could be sustained and the price has pushed back to the upside. The current price is up $2.33 or 0.32% at $727.71. Looking at the daily chart, the price is tracking and skimming along the broken upside channel trendline. Each day is hard to sustain the price above that line, but Meta continues to track.

The price is up 18.6% over the 19 days and made a new all time high today at $728.40. For the year, the price is up 24.31%

I am probably jinxing the stock going into the close but if it holds, day 20 is the next milestone tomorrow.

This article was written by Greg Michalowski at www.forexlive.com.