Technical Analysis (TA) for Trading:
* Trend: META has been in a downtrend but is now at a key reversal zone with strong buying volume.
* Descending Channel Break? Price is currently testing the upper boundary of the falling channel. A clean breakout above $634.55 could signal further upside.
* Support & Resistance Levels:
* Immediate Resistance: $634.55
* Next Major Resistance: $659.36
* Strong Support: $610.00
* Critical Downside Level: $583.85
* Indicators:
* MACD: Showing a potential bullish crossover, indicating upside momentum.
* Stochastic RSI: Overbought, which could lead to a short-term pullback before continuation.
* Possible Scenarios:
* Bullish: A breakout above $634.55 can lead to $659.36, then towards $700+.
* Bearish: If rejected here, expect a retest of $610, then possibly $583.85.
GEX & Options Flow for META:
* Highest Positive NetGEX / CALL Resistance: $700 – Major gamma resistance.
* 2nd Call Wall: $750 – If price pushes beyond $700, we could see momentum toward this level.
* PUT Wall Support: $610 – Key area where dealers may start hedging and absorb selling pressure.
* IV & Sentiment:
* IV Rank: 40.6 (moderate volatility)
* Options Sentiment: PUTS 6.8% – Lower put positioning suggests traders expect upside.
* GEX: Negative, indicating increased dealer hedging activity.
Thoughts & Suggestion:
📌 Breakout Traders: Watch for a move above $634.55 with strong volume for confirmation. 📌 Pullback Buyers: A dip to $610 could offer a strong risk-reward entry if support holds. 📌 Options Strategy: Given the lower PUT wall, a breakout could lead to momentum-driven moves. A call spread above $650 could be a strong setup.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
* Trend: META has been in a downtrend but is now at a key reversal zone with strong buying volume.
* Descending Channel Break? Price is currently testing the upper boundary of the falling channel. A clean breakout above $634.55 could signal further upside.
* Support & Resistance Levels:
* Immediate Resistance: $634.55
* Next Major Resistance: $659.36
* Strong Support: $610.00
* Critical Downside Level: $583.85
* Indicators:
* MACD: Showing a potential bullish crossover, indicating upside momentum.
* Stochastic RSI: Overbought, which could lead to a short-term pullback before continuation.
* Possible Scenarios:
* Bullish: A breakout above $634.55 can lead to $659.36, then towards $700+.
* Bearish: If rejected here, expect a retest of $610, then possibly $583.85.
GEX & Options Flow for META:
* Highest Positive NetGEX / CALL Resistance: $700 – Major gamma resistance.
* 2nd Call Wall: $750 – If price pushes beyond $700, we could see momentum toward this level.
* PUT Wall Support: $610 – Key area where dealers may start hedging and absorb selling pressure.
* IV & Sentiment:
* IV Rank: 40.6 (moderate volatility)
* Options Sentiment: PUTS 6.8% – Lower put positioning suggests traders expect upside.
* GEX: Negative, indicating increased dealer hedging activity.
Thoughts & Suggestion:
📌 Breakout Traders: Watch for a move above $634.55 with strong volume for confirmation. 📌 Pullback Buyers: A dip to $610 could offer a strong risk-reward entry if support holds. 📌 Options Strategy: Given the lower PUT wall, a breakout could lead to momentum-driven moves. A call spread above $650 could be a strong setup.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
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.