Yuan Stocks fell to short-term average below tech giant Snaps led by Mark Zuckerberg 20-day winning streak – Envesco QQQ Trust, Series 1 (NASDAQ: QQQ), Meta Platforms (NASDAQ: META)

Yuan Platform Company Yuan On Tuesday, Tuesday fell next Tuesday, a record of a historic 20-day winning streak. The stock fell below its simple eight-day moving average for the first time in a few days after Tuesday’s decline.

what happened: During the 20 trading meetings between January 16 and February 14, Mark ZuckerbergAccording to Benzinga Pro, the company’s company rose 20.22%. During this period, the company added more than $350 billion in market capitalization.

Invesco QQQ Trust, Series 1 QQQin those 20 days, the Nasdaq 100 tracked by exchange-traded funds increased by 3.15%.

The stock has risen 16.91% since January 16 after falling Tuesday.

Meanwhile, Benzinga Pro data shows that the stock is still below its eight-day average, while still showing a bullish trend. It is still above the 20-day average and the long-term 50-day and 200-day average.

The momentum indicator is also very strong. The neutral zone with a relative intensity index below 68.09, while the MACD is still 27.94, indicating that further forward movement is likely.

See also: Alibaba sees Asian funds exiting in Q4, even though their U.S. peers UBS O’Connor, Marathon, Assetmark and Cantor Fitzgerald Double Double Down

Why it matters: Meta gained history for 20 consecutive times before falling 2.76% to $716.37 on Tuesday. It further dropped by 0.056% over the rest of the time.

May follow Elon Musk’s Meta Footsteps recently announced that it is creating a new reality lab team to develop its human robot hardware for home tasks. The long-term goal is to create AI, sensors and software for other companies to use in their robots. Meta has begun talking to robotics companies such as Unitree Robotics and Figure AI.

However, former META employees have objected to the company’s recent layoffs, accusing them of disproportionate impact on high-performance people, including those on furloughs, which contradicts CEO Zuckerberg’s claim that the cuts are performance-based. These employees believe they have no record of underperforming and are unfair to their goals.

Price action: Meta rose 22.35% this year and 51.85% last year.

The average price target among the 43 analysts tracked by Benzinga is $731.76 and the “buy” rating is $731.76. Estimated quantities range from $575 to $935. The latest ratings from Tigress Financial, UBS and Citigroup show that the target is $833.67, which means a potential upside potential of 16.44%.

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