$META

META typically moves about 7-10% on earnings and reports after the close; he won't predict direction. META is up 27% since early September but about 10% below its September highs; he expects resistance at the double top if it rises and support at the gap-fill and the 640 pivot if it falls.

He framed it in days
“SpaceX Crushes Earnings: Where I’d Short It”
Verified InvestingPublished Oct 21 · 3 passages

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It's not just Meta and Tesla today, we also have Texas Instruments, IBM, and tomorrow, let's see. Tomorrow we have Western Digital and Procter & Gamble, so there's no shortage of earnings reports , is there?

And we can't end the episode without talking about Meta and Tesla, two of the biggest and most exciting names that will be announcing their earnings, right? Both Meta and Tesla will announce their earnings after the closing bell today.

For me, regarding MetaTrader, looking at the stock, we don't usually see the biggest moves, do we ? We are seeing a movement of approximately 7 to 10% on Meta's stock after earnings.

So, this is where my levels will most likely be. So, I'm not going to try to predict where the stock will go just by looking at it. Yes, we have seen a great upward move on Meta stock.

We're up 27% from where we were at the beginning of September. Compared to its previous highs in September, we are down about 10%, aren't we? Let's assume that if the stock rises and makes great profits, you will almost certainly find resistance at the double top.

Let's assume that if the stock falls, you will have a support point not only at this gap-filling point , but at this lower pivot point around the 640 level. So , these are my ranges for Meta stock.

What this channel has said about $META

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