Meta (
META) broke out of a handle today, closing at the top of its daily range—clear signs of strength and institutional accumulation. Volume expanded, and relative strength is in a firm uptrend, confirming leadership status.
Meta is a mega-cap AI play at the heart of the market’s current innovation cycle. It’s also above all key moving averages (10, 21, 50, 200), showing technical health across timeframes. The breakout occurs within a strong earnings backdrop and aligns with broader market trends favoring growth and AI narratives.
Trade Setup:
📈 Entry: 664 – 695
🛑 Stop: 630 – 617
🎯 Target: 796 – 826
This is a textbook breakout of a bullish handle pattern, and we’ll watch for tight consolidation or a clean retest for possible add-on entries if the trend continues.
META) broke out of a handle today, closing at the top of its daily range—clear signs of strength and institutional accumulation. Volume expanded, and relative strength is in a firm uptrend, confirming leadership status.Meta is a mega-cap AI play at the heart of the market’s current innovation cycle. It’s also above all key moving averages (10, 21, 50, 200), showing technical health across timeframes. The breakout occurs within a strong earnings backdrop and aligns with broader market trends favoring growth and AI narratives.
Trade Setup:
📈 Entry: 664 – 695
🛑 Stop: 630 – 617
🎯 Target: 796 – 826
This is a textbook breakout of a bullish handle pattern, and we’ll watch for tight consolidation or a clean retest for possible add-on entries if the trend continues.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.