Meta shares seem cheap, but the charts are showing an ominous sign, says Jay Woods

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Meta Platforms stock carries 70 buy ratings against 8 holds and no sells, with an average price target of $745, representing 37% upside from current levels. Technical analysts detect a bearish diamond top formation on the five-year weekly chart, signaling a potential major trend reversal risk. The key support level at $525 is being closely monitored, with a break below potentially pushing the stock down to $465 or even the low $400s. Analyst Jay Woods recommends trading the stock rather than holding it for the long term, citing the risk as too high at current levels.

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Telemachttp://cryptoinfo.ch
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