$META · Benzinga · 2026-10-30

Meta. Meta surprisingly holding on only down 11.

Meta, it's down a lot less than we thought it would be, right? That's that's looking like it might want to go. It's looking like it's doing something a little bit different. So, Meta definitely has my eye today, too.

Meta still holding up.

Meta. Meta is starting to fall off a little bit. But if I would have told you, if I would have called out other prices and I said Meta closed at 624, where's it opening? You probably would have said 590, you know, 600. 610 611 is not so bad.

So Meta for me is showing showing a little bit of strength. I like I like what Meta's not showing me.

Well, that brings me to Meta. Take a look at Meta because it seems to be holding up a little bit. Yeah, I think this one's pretty close to a floor. Remember, I was pretty bearish on this one.

I think these guys are at a pretty solid floor and look at the buying. They're trying to hit it somewhere around 611. So, that's going to be kind of a big deal. What you want to do is pop up your time in sales and say, "All right, if I really want to buy this into the open, what could I see?

I could see a liquidity sweep down below and then a recovery. And then you'd want to see if they could keep holding past 612. If they hold past 612, you've got a bounce up. But again, this is very sideways.

So, they're going to be sellers that came late to the party that are going to get stopped out. Um, in my mind anyway." but I think it's got room.

I don't know how many more people are going to sell out of Meta or say, "Hey, this is a good buy zone."

But you see what's happening with Meta here. So now as it's moving up, we've got a minute to the open now. We want to see if somebody comes back and shows us that their sellers up there, right?

We want to see somebody just um trying to sell it up at the top, seeing if house 616, 618 potentially holds. See if anybody comes in and knocks it off. And then watch this because that's a lot of size coming in to Meta right now for pre-market action.

We're only looking at time in sales for what's executed more than 500 shares. And it looks um it looks like it could be a pretty good runner for me. Of course, two things I'm going to look at.

I'm going to look at divergence and it's got positive divergence, but I want this line that's going straight down. I want it to curve back up. So, I'm looking for something that comes in and gives me a higher low, and then that one I'm going to be able to take. But I I do like it.

Okay. So, we had the first group come in at 6:15 and then just moved right out of the way. No big seller except for this guy, but no big sellers there. So that bounce, the first pass fade that holds a higher low is going to be key.

So you know at this spa at this space, you know, you could say if you wanted a call to play for the day, if you said, "Hey, I think this is going to go back to 6:30." Oh, there you go.

No, that was just honestly just getting out of something for 10 cents.

Okay, so the 630s are pricing in a lot and the wall, the call wall. Wow, it's all the way up here at 650. So, I mean, you could wait for the fade and then see if you can get, you know, 630 at about 65 cents. if you could get that 630 at 65 cents I think.

But this one's got I think this one's got legs. It just needs to pull back and see if it can hold that 614 where the first group came in.

Let's take a look at that meta again. Yeah. How's it doing? It's trying to hold that 614. That'll be the number to watch to see how well it pulls back and then lifts above that zone.

So, accumulation still accelerating. So, you know, dips look like buys over here. in general.

Meta Meta pushing 618 showing proof of life.

Yeah, they I believe this one they're going to try and hold this bottom. And this 614 is a really um it's a really good number to watch it as a floor. The first target would be the GloEx line which it just hit 619.

It just hit that area. So if it pulls back and it can hold the European opening candle formation, which is this yellow one here, if it holds that zone, it's another place to go buy.

And here it just hit I mean to the tick it hit the GlobeEx candle low at 6 p.m. at 619 uh 47 and I I I would suspect that it goes back up to the opening candle formation of the prior day which is it's already inside of that candle range.

So, I think the next one up is 620. And then if the market rotates like I think it's going to into the end of the day, 623 is going to be an easy test for this one.

just a good looking stock, right? It's definitely in play and it's really, you know, you could tell. Here's how here's the takeaway for the newer person who says, "Well, how do you how do you know this was going to do what it was going to do?"

Well, you never know anything, but you have some guesses. And so, the guess is, the first guess would be technical divergence. It's got the dampening action weakening meaning the not as much selling volume and then it's got accumulation accelerating even into the fade.

I said, listen, 614 is going to be the floor that we need to hold. what told me that Meta was going to run today. remember that was the first one I called out. Like, Metal looks good.

But what I'm looking for in the next 30 minutes because my 100 simple moving average is down because I've tested the edge of the opening candle formation of the prior day. I'm going to watch for it to slow down up here. pull back and then make another run to the upside.

So, if you're still long, you can hold it, but maybe just take half of your gains.

I'm going to sell uh some of what I bought in the meta if I can.

So, you know, that's why the Meta was a better trade, I think.