$META

META is bullish as long as it holds the 682-666 support zone; a break below 666 would be problematic. He would not be a buyer unless it reaches about 682 going into earnings, where there is a decent chance it pushes up on the report.

BullishHe framed it in weeks
“AI Rebound After Fear Of Crash Fades, Oil Drops As Gold And Silver Stall...Here Are The Trades!”
Verified InvestingPublished Oct 19 · 2 passages

Jump to any passage

2 passages

We're going to see Meta, Tesla, SpaceX all coming out with earnings.

looking at Meta, Meta reports earnings later this week. My eyeball is on this zone here, former pivot high. Pivot high here on Meta. And that's right around 683 down to about 666.

Tons of support at this point. And then there's a gap fill right here. So again, if this continues to do what it's doing here, wouldn't that be interesting? I mean, look at the pattern.

Basically, you're looking at this type of pattern coming in here and then potentially a liftoff to the upside. So Meta again after this big move, as long as it can hold this uh 682 to 666 level, this is bullish.

Now if it breaks below 666, that's problematic on the stock. But right now, again, this could be a bull flag forming. I wouldn't be a buyer on this unless going into earnings it gets into this kind of 682 level.

If it does that, I think there's a decent chance that the stock actually pushes up on earnings. Um and again, I'll be keeping an eye on it.

Watchpoints

whether META holds the 682-666 support zone and how it trades on its earnings report

What this channel has said about $META

Verified Investing has 15 calls on this stock; only the adjacent ones are shown.

TickerSays