$META

META technical breakout confirmed but overbought; requires further push or consolidation before entry.

“Yield Surge Puts Markets Under Pressure Ahead of FOMC Decision”
Verified InvestingPublished Sep 15 · 1 passage

Jump to any passage

1 passage

Next up, we've got Meta. We've got two stocks on breakout watch, right? First, Meta. Big company here. Now, let's review uh the chart a little further back. Much like what we did with Amazon, highlighting this inclining parallel channel.

Now with Meta, you can see we've deviated from it several occasions. Now making a very valiant effort to get back inside that parallel channel. Most importantly, look on the near-term from this declining trend line that we've hit once, twice, three times.

This is the collective fourth hit with the 50/50 chance of breaking through. And guys, yesterday closed above today closed above yesterday's candle. Now, what you want to see, we're all still very, very close with this support area, but this has confirmed a breakout.

You want to see a little bit more of a push higher, potentially tagging this high pivot that you see on the chart back from July of this year, right around 686. That gives us some breathing room for any pullbacks down into what I call X marks the spot at 658 of being a buying opportunity for continued upward momentum.

The difficult thing facing Meta, uh, it's overbought, guys. So, we need some sort of continued push up, maybe even consolidation, work out that overbought scenario, and then give us our pullback so we can buy that for a returning continued breakout move.

But, none, it's it is the technical breakout on the charts. So, it is what it is. I just want to see a little bit more push before I feel comfortable buying that

What this channel has said about $META

Verified Investing has 6 calls on this stock; only the adjacent ones are shown.

2026-09-16
Um other movers today, we had Meta Meta trying to break out. It did close above this descending trend line. Will it confirm the breakout today? If it confirms, you're probably looking at $690 to $700 as an upside near-term target with further upside. I could even see this moving up as high as $750. There's a gap fill up here that has not been filled.
Quote at 09:05 ›
2026-09-15This one
Next up, we've got Meta. We've got two stocks on breakout watch, right? First, Meta. Big company here. Now, let's review uh the chart a little further back. Much like what we did with Amazon, highlighting this inclining parallel channel. Now with Meta, you can see we've deviated from it several occasions. Now making a very valiant effort to get back inside that parallel channel. Most importantly, look on the near-term from this declining trend line that we've hit once, twice, three times. This is the collective fourth hit with the 50/50 chance of breaking through. And guys, yesterday closed above today closed above yesterday's candle. Now, what you want to see, we're all still very, very close with this support area, but this has confirmed a breakout. You want to see a little bit more of a push higher, potentially tagging this high pivot that you see on the chart back from July of this year, right around 686. That gives us some breathing room for any pullbacks down into what I call X marks the spot at 658 of being a buying opportunity for continued upward momentum. The difficult thing facing Meta, uh, it's overbought, guys. So, we need some sort of continued push up, maybe even consolidation, work out that overbought scenario, and then give us our pullback so we can buy that for a returning continued breakout move. But, none, it's it is the technical breakout on the charts. So, it is what it is. I just want to see a little bit more push before I feel comfortable buying that
2026-09-15
Meta Meta is at a pivotal level today. Look at this descending trend line from September of 2025 through this high in January 2026, July 2026 to this recent high just yesterday. Are we going to break out here? Maybe. Am I shorting it here? No. I don't short after we hit a trend line too many times. One, two, three, four times. It's weakened the trend line. It doesn't mean it's going to break out. What it means is it's more of a gamble. In other words, 50/50 chance.
Quote at 12:56 ›
See full history ›
KOL Says