Meta Platforms (META) is at a decisive technical level where multiple signals converge, making this zone one to watch closely.
🔹 Technical Confluence:
• Trendline Support 🟢: Price is retesting the long-term ascending trendline, which has acted as a reliable base for the ongoing uptrend.
• Fair Value Gap (FVG) 📊: Price is sitting within a daily FVG, an area that often attracts liquidity and serves as a reversal zone.
• RSI at Lower Band 📉: The RSI remains flat at the oversold boundary, suggesting bearish momentum may be losing steam.
• Volume Context 🔎: Historical activity shows strong buying interest around this region, further validating support.
🔹 Fundamental Context:
Meta’s fundamentals remain robust — strong ad revenue recovery, efficiency-driven margin expansion, and heavy AI infrastructure investments continue to underpin long-term growth. Recent earnings beats reinforce investor confidence even during short-term corrections.
🔹 Trade Setup:
• Entry Zone: $740–745
• Profit Target: $785–800
• Stop Loss: Below $720 (break of structure)
📌 Conclusion: META is sitting at a make-or-break zone. A hold above current support favors a rebound toward prior highs, while a breakdown below $720 could trigger a deeper correction.
🔹 Technical Confluence:
• Trendline Support 🟢: Price is retesting the long-term ascending trendline, which has acted as a reliable base for the ongoing uptrend.
• Fair Value Gap (FVG) 📊: Price is sitting within a daily FVG, an area that often attracts liquidity and serves as a reversal zone.
• RSI at Lower Band 📉: The RSI remains flat at the oversold boundary, suggesting bearish momentum may be losing steam.
• Volume Context 🔎: Historical activity shows strong buying interest around this region, further validating support.
🔹 Fundamental Context:
Meta’s fundamentals remain robust — strong ad revenue recovery, efficiency-driven margin expansion, and heavy AI infrastructure investments continue to underpin long-term growth. Recent earnings beats reinforce investor confidence even during short-term corrections.
🔹 Trade Setup:
• Entry Zone: $740–745
• Profit Target: $785–800
• Stop Loss: Below $720 (break of structure)
📌 Conclusion: META is sitting at a make-or-break zone. A hold above current support favors a rebound toward prior highs, while a breakdown below $720 could trigger a deeper correction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.