META has a bullish technical setup; breaking above $743 resistance leads to new all-time highs.
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Meta's Muse was really the story of the day. rallying tech, helping tech to push up higher.
Another huge surge today. Meta, look at this 11.34%. Now, we did highlight this guys on our show as well, how this was a breakout and a confirming move here on September 15th, guys.
That's when we highlighted it. Look at this beautiful continuation move and then retrace exactly to that trend line. Now guys, had you bought this on Friday, man, you had a fantastic day today cuz price down here at 660, now we're talking about $740.
Man, what an $80 per share gain that was for Meta. Incredible. Now, near-term, this actually is significant resistance here on Meta. this big huge wick up here to the point of $743.
Notice how we closed underneath that range. So, this is the level of contention. Should we gap up over that level, then guys, we're going to be running up to the 50% area, the parallel.
And look on the left hand side of my screen. Where does that align to? Brand new all-time highs on Meta. It's not that far away. And the chart is showing us it's got a path to get there.
It just needs to get through this resistance. There's a minor gap fill up here in the 750 range that we did tag today. So that is xed off the chart as well. So guys, it's almost clearing the path for Meta to start pushing and pushing up higher.
Tag this 50% area, the parallel and make another set of brand new all-time highs.
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What this channel has said about $META
Verified Investing has 8 calls on this stock; only the adjacent ones are shown.