Technical Analysis & Options Outlook
📌 Current Price: $587.60
📌 Trend: Bullish Attempt After Key Support Hold
📌 Timeframe: 1-Hour
Price Action & Market Structure
1. Bullish Rebound from Support – META bounced off the $585–$580 demand zone, signaling buyers stepping in.
2. Breakout Setup Developing – Price is approaching trendline resistance at $595, a critical level to watch.
3. Potential Pullback Before Breakout – If META gets rejected at $595, expect a retest of $585 before another push higher.
4. MACD & Stoch RSI – Both indicate bullish momentum, but META is nearing overbought conditions, suggesting possible consolidation before continuation.
Key Levels to Watch
📍 Immediate Resistance:
🔹 $595 – Trendline Breakout Level
🔹 $605 – 2nd CALL Wall Resistance (42.52%)
🔹 $620 – 3rd CALL Wall (37.57%)
📍 Immediate Support:
🔻 $585 – Demand Zone & Breakout Retest Level
🔻 $580 – Highest Negative NETGEX / PUT Support
🔻 $574.66 – Critical Support Level for Bulls
Options Flow & GEX Sentiment
* IVR: 28.6 (Lower Volatility)
* IVx: 40.9 (-2.14%) (Declining Volatility, Favoring Breakouts)
* GEX (Gamma Exposure): Bearish Bias, But Improving
* CALL Walls: $605 & $620 (Upside targets)
* PUT Walls: $580 & $574.66 (Key demand zones)
📌 Options Insight:
* Above $595, META could see a momentum-driven rally toward $605–$620 as dealers hedge long positions.
* Below $585, risk increases for a test of $580–$574.66, where heavy liquidity is concentrated.
My Thoughts & Trade Recommendation
🚀 Bullish Case: If META holds above $585, expect a push toward $605–$620.
⚠️ Bearish Case: If META fails at $595, expect a pullback to $580 before another reversal attempt.
Trade Idea (For Educational Purposes)
📌 Bullish Play:
🔹 Entry: Break and hold above $595
🔹 Target: $605–$620
🔹 Stop Loss: Below $585
📌 Bearish Play (Hedge Idea):
🔻 Entry: Rejection at $595
🔻 Target: $580–$574.66
🔻 Stop Loss: Above $600
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Final Thoughts
META is attempting a breakout from support, but $595 is a critical level. A successful breakout could lead to $605–$620, while failure at resistance could bring a retest of $580 before the next move. Wait for confirmation before taking a trade.
📌 Current Price: $587.60
📌 Trend: Bullish Attempt After Key Support Hold
📌 Timeframe: 1-Hour
Price Action & Market Structure
1. Bullish Rebound from Support – META bounced off the $585–$580 demand zone, signaling buyers stepping in.
2. Breakout Setup Developing – Price is approaching trendline resistance at $595, a critical level to watch.
3. Potential Pullback Before Breakout – If META gets rejected at $595, expect a retest of $585 before another push higher.
4. MACD & Stoch RSI – Both indicate bullish momentum, but META is nearing overbought conditions, suggesting possible consolidation before continuation.
Key Levels to Watch
📍 Immediate Resistance:
🔹 $595 – Trendline Breakout Level
🔹 $605 – 2nd CALL Wall Resistance (42.52%)
🔹 $620 – 3rd CALL Wall (37.57%)
📍 Immediate Support:
🔻 $585 – Demand Zone & Breakout Retest Level
🔻 $580 – Highest Negative NETGEX / PUT Support
🔻 $574.66 – Critical Support Level for Bulls
Options Flow & GEX Sentiment
* IVR: 28.6 (Lower Volatility)
* IVx: 40.9 (-2.14%) (Declining Volatility, Favoring Breakouts)
* GEX (Gamma Exposure): Bearish Bias, But Improving
* CALL Walls: $605 & $620 (Upside targets)
* PUT Walls: $580 & $574.66 (Key demand zones)
📌 Options Insight:
* Above $595, META could see a momentum-driven rally toward $605–$620 as dealers hedge long positions.
* Below $585, risk increases for a test of $580–$574.66, where heavy liquidity is concentrated.
My Thoughts & Trade Recommendation
🚀 Bullish Case: If META holds above $585, expect a push toward $605–$620.
⚠️ Bearish Case: If META fails at $595, expect a pullback to $580 before another reversal attempt.
Trade Idea (For Educational Purposes)
📌 Bullish Play:
🔹 Entry: Break and hold above $595
🔹 Target: $605–$620
🔹 Stop Loss: Below $585
📌 Bearish Play (Hedge Idea):
🔻 Entry: Rejection at $595
🔻 Target: $580–$574.66
🔻 Stop Loss: Above $600
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Final Thoughts
META is attempting a breakout from support, but $595 is a critical level. A successful breakout could lead to $605–$620, while failure at resistance could bring a retest of $580 before the next move. Wait for confirmation before taking a trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.