META

So, the first trade setup we're talking about is Meta. And as we know with downsloping trendlines, what do they mean? Well, it just generally means that the stock has been in a down and consistent downtrend.

Now, attacking this upper trendline, should it pierce, break above, and confirm, guys, it certainly favors a move higher up to, you know, maybe the next resistance level here on $750, 77744, and then potentially towards double top around 800 bucks. But it all starts with this trend line.

Meta has finally gotten out of the uh I would say rain clouds when it comes to all the, you know, uh regulatory pressure. Some of these settlements are behind them now. Muse Spark 3 is performing extremely well.

I love where Zuckerberg has the company directionally headed with open source and performance there.

And this is the one. This is my sleeper. Meta. 32 lawmakers. Just letting you know Microsoft is almost twice Meta.

It's the second worst out of all of them behind meta. Meta's down 1%. Minus 1% Meta. I do like this one. I just added some to my own portfolio.

The same mega caps Congress owns. Microsoft, Amazon, Meta, Netflix, Oracle, and AMD each appear in 17 to 22 separate transactions.

Met is 23% below.

Like Meta at $610 per share roughly as I'm making this video, $1.56 trillion market cap. So Meta share price is about 15 times I ren. But Meta Company is actually 95 times bigger.

So, this is why people say meta stock is expensive just because the share price is expensive, which honestly doesn't make any sense.

Now, Meta is not in the tech sector, by the way. It is actually in the communication sector, but that doesn't change anything. The communication sector is also trending down hard on the number of stocks with uh fear showing up.

In fact, it's it's going down really hard. And then the number of buy signals has been falling off a cliff down here. That's not good at all. So that's this sector. It's not even the tech sector. It's a different sector.

We have so much to talk about, including Meta launching their highly anticipated AI agents. And kick things off with Meta Platform. Start of the week at 6:17. Still doing better over at Meta. Up nearly 5% finished week close to 6:47.

This comes as they came out with their new AI agent that they're calling Muse. and they are going to be rolling this out to users as we speak. My understanding is it does have some native capabilities inside of the Meta platforms.

And so if you're trying to do more with your Instagram account other than post pictures of your family, which is a perfectly acceptable thing to do, but if you're trying to attract clients or business or respond to messages, apparently this AI agent has some capabilities there.