Verified Investing on $META (Nov 2, 2026)
META's drop from 760 to just under $615 reflects selling pressure from a $95 billion capital raise, $35 billion of it a stock offering; further selling today could pierce $593 to fill the gap. If selling continues this week into the bottom of its inclining channel near $550, that should be a great spot for a near- to mid-term bounce; how it navigates the rest of earnings is still to be watched.
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For today's trade of the day, I'm going to be looking at Meta. Over the last week, Meta has announced a 95 billion capital raise. 35 billion of that coming from an offering straight directly in their stock.
So, that's put selling pressure on this stock. Look at this nice decline. We've had up from 760 where we did close on Friday just under $615.
Now, if we have further selling pressure today, we have a gap fill with a pierce of $593. But if we step back in a larger time frame, you can see what's going on on the chart of Meta.
We've got an inclining parallel channel. So, later during this week beyond the gap fill potential play today, I'm going to be watching to see how well Meta navigates uh the rest of the earnings that are going to be hitting the market and if price can get a bounce off the bottom end of this inclining parallel channel. That level's about $550.
watching to see how well Meta navigates uh the rest of the earnings that are going to be hitting the market and if price can get a bounce off the bottom end of this inclining parallel channel.
That level's about $550. Should we see continued selling this week into that area, that should be a great spot for a near-term bounce. It could be a near to midterm bounce level,
What this channel has said about $META
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