$META

Not buying META due to vertical move; waiting for breakout confirmation or failure to determine long/short entry.

He framed it in days
“MAJOR Fed Decision As Oil And Yields Drop, S&P Bullish, Gold Attempts Rebound, Bitcoin Holds Support”
Verified InvestingPublished Sep 16 · 2 passages

Jump to any passage

2 passages

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.

Now, again, am I buying Meta here? Heck no. I don't chase vertical moves and it's up vertically. But at this point, I'm watching to see does the breakout fail and does it become a short or does it confirm the breakout and then you just I just step back.

I mean, listen, if you're aggressive, you could jump on board, but I'm not going to do that. I'm going to step back and just watch it until it gets to that next swing trade level.

Then I'll attack it when I have the probabilities in my favor sizably.

What this channel has said about $META

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

2026-09-16This one
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.
2026-09-15
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
Quote at 16:18 ›
See full history ›
KOL Says