META

And potentially one coming from Meta. And that is where we kick things off. Meta platform start the week at 551. Shares were up nearly 4.9% official week at 578.

Now before we get to AI, Meta obviously as you know had a big moment in the courtroom. one that was expected to last six weeks that came to a screeching halt as both sides, the attorney generals from across the country and Meta decided in a courtroom to settle.

Still holding up on stocks like uh Meta and Netflix up a couple percent. Meta really getting still left behind on this sort of legendary support line right here in this longer term convergence really indicating that you know there might be a potential to actually buy more meta at these levels because you really do sit on and close to a legendary support line. you are on a technical basis converging not straight down but rather horizontally suggesting that unless there you know the entire economy falls off a cliff it suggests there's some serious upside potential here on meta especially with the dalahalas they've got uh very interesting

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.