How Meet Kevin’s view on $META changed

leveraging its early buzz as it faces new competition from giants like Meta.

Meta's got about a percent and a half here.

It's been an especially good week for Meta which is leading after their Muse AI uh agent. You you have you still have Meta?

Right. Um, this has been a pretty pivotal couple of weeks for that stock. No, I think so. And I think it's been interesting to see how strong it's actually turned out. But like, you know what I come back to on Meta?

I always just come back to the numbers. And they're still generating huge amounts of cash now. Yeah, they're going to spend that. So, they're they went from 5 or 7% free cash flow down to zero, but it's for all the right reasons.

Still only trades at 20 times. It's down like 2% on the year, so it hasn't had some big run. And, you know, they're going to try and sell these paid subscriptions for Muse. I don't really know Muse.

I don't know if that's going to work well or not. We'll need to see. But they they just keep doing things efficiently, which is what I worried about all along. They keep doing they keep being at the forefront of the curve in terms of what's coming.

And you kind of need to just give them credit for getting it right and and not not being

So, Meta up about 66 pips.

Kevin, what did you say are Meta's next targets and breakout points? Yeah. Uh, well, there are a couple. There's a trend line and there's a horizontal at the eights. So, if you zoom out Oh, wow.

Look at that. Pre-market rejection at the diagonal. The horizontal is up here at um I guess it's it's it's a diagonal and the and then the horizontal and the eights. So, right here is the horizontal and the eights.

I'm pretty sure this is a fib. It's 82624. Once we get through this line, that's where I think we break out. I am actually blown away. And and you know, I haven't changed this, but look at this.

Literally, in the pre-market, and you could even say right here, just a few minutes ago, we rejected this line in the pre-market to the what? To what penny? The line is it's not showing me what my Oh, it's a diagonal, so I can't really tell.

Um, we basically rejected it. I'd say within a penny. It's It's really hard for me to tell where that is right now cuz the diagonal you won't get perfect pricing, but that's actually insane because that has been a diagonal downtrend line that we've been watching.

And my thesis is Meta has to break through this diagonal downtrend line. I'm now going to upgrade it, by the way, to a green line because that's insane that we um we hit like that.