A strong buying opportunity is coming soon for MetaTrader stock.
MetaTrader's stock is currently in a downward trend, correcting after its recent strong rally that broke through resistance levels near $710, as shown on the chart.
Currently, the correction may continue towards new buying demand zones that have formed near $606.
The identified demand zones are considered the best immediate buying opportunities for the stock. A rise to the targets shown on the chart, located at $645 and $688, is expected from these zones.
If the initial demand zones are broken and the stock closes below them with a daily candle with clear bearish momentum, we may see a continuation of the decline towards the next demand zones near $504. However, this scenario is considered weak.
If entering a position, it is advisable to wait for any buying activity on lower timeframes to ensure good money management.
