META Stock Analysis & GEX Options Insights Feb 18
Technical Analysis (TA) for META
* Current Price Action: META is in an uptrend, forming a rising wedge pattern on the 1-hour timeframe. The stock has been making higher highs and higher lows, confirming strength.
* Support & Resistance Levels:
* Immediate Resistance: $740 - This aligns with the current high and a potential breakout level.
* First Support: $727 - If price pulls back, this area could act as a retest zone.
* Major Support: $715 - A breakdown of $727 could lead to testing this lower support.
* Critical Breakdown Level: $709 - A failure to hold here might signal a trend reversal.
* Indicators:
* MACD: Shows signs of weakening momentum, but still bullish.
* Stochastic RSI: Near overbought levels, indicating a possible cooldown or retracement before another leg up.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $750 → This is the major call wall and could act as a strong resistance.
* 49.36% Call Wall: $730 → META is currently testing this level, meaning a breakout could fuel a strong move toward $750.
* Put Wall Support: $715 → If META drops, this is the area where options market positioning may provide support.
* IV & Sentiment:
* IV Rank (IVR): 6.1 → Low implied volatility, making options cheaper for buyers.
* IVx Avg: 31.1 → Slightly lower than usual, suggesting muted volatility.
* Options Sentiment: Calls = 4.6% → Slightly bullish, but not extremely aggressive.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $740 with confirmation.
* Target: $750+ (Gamma Squeeze Potential).
* Stop Loss: Below $727.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $727.
* Target: $715 or $709 (strong put support).
* Stop Loss: Above $735.
Final Thoughts
* META is in a bullish structure, but the rising wedge suggests caution if momentum weakens.
* Options flow aligns with a potential move to $750, but a failure to hold $727 could trigger a pullback.
* Best Trade Approach: Monitor price action near $740 & $727, and use options positioning to confirm directional bias.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
* Current Price Action: META is in an uptrend, forming a rising wedge pattern on the 1-hour timeframe. The stock has been making higher highs and higher lows, confirming strength.
* Support & Resistance Levels:
* Immediate Resistance: $740 - This aligns with the current high and a potential breakout level.
* First Support: $727 - If price pulls back, this area could act as a retest zone.
* Major Support: $715 - A breakdown of $727 could lead to testing this lower support.
* Critical Breakdown Level: $709 - A failure to hold here might signal a trend reversal.
* Indicators:
* MACD: Shows signs of weakening momentum, but still bullish.
* Stochastic RSI: Near overbought levels, indicating a possible cooldown or retracement before another leg up.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $750 → This is the major call wall and could act as a strong resistance.
* 49.36% Call Wall: $730 → META is currently testing this level, meaning a breakout could fuel a strong move toward $750.
* Put Wall Support: $715 → If META drops, this is the area where options market positioning may provide support.
* IV & Sentiment:
* IV Rank (IVR): 6.1 → Low implied volatility, making options cheaper for buyers.
* IVx Avg: 31.1 → Slightly lower than usual, suggesting muted volatility.
* Options Sentiment: Calls = 4.6% → Slightly bullish, but not extremely aggressive.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $740 with confirmation.
* Target: $750+ (Gamma Squeeze Potential).
* Stop Loss: Below $727.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $727.
* Target: $715 or $709 (strong put support).
* Stop Loss: Above $735.
Final Thoughts
* META is in a bullish structure, but the rising wedge suggests caution if momentum weakens.
* Options flow aligns with a potential move to $750, but a failure to hold $727 could trigger a pullback.
* Best Trade Approach: Monitor price action near $740 & $727, and use options positioning to confirm directional bias.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
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.