Meta Platforms needs little introduction. The company continues to show strong long-term growth and has been one of the best-performing stocks in the market over the past few years.
The stock comes from a major bullish phase that started in 2023, during which it gained over +600%, with healthy pullbacks occurring within the dominant uptrend.
Market Structure & Volume Analysis
Over the past few months, the stock has entered a retracement phase, which remains technically well-controlled.
Key points:
Bullish Scenario
For a bullish continuation scenario, price needs to:
A successful retest would strengthen the probability of trend continuation in line with the primary bullish trend.
⚠️ Trading Note
As long as price holds above POC_1 and the ascending weekly trendline, the broader bullish bias remains intact.
Failure to decisively break the descending weekly trendline would keep the stock in a consolidation/correction phase.
The stock comes from a major bullish phase that started in 2023, during which it gained over +600%, with healthy pullbacks occurring within the dominant uptrend.
Market Structure & Volume Analysis
Over the past few months, the stock has entered a retracement phase, which remains technically well-controlled.
Key points:
- the correction was contained at the first Point of Control (POC_1), calculated using volume from the top distribution area
- price reacted both at POC_1 and at the ascending weekly trendline
- two strong bullish reactions occurred in this confluence area (yellow circles), confirming it as a key support zone
Bullish Scenario
For a bullish continuation scenario, price needs to:
- break above the descending weekly trendline, which is currently being challenged
- ideally confirm the breakout with a pullback (retest), turning the trendline into dynamic support
A successful retest would strengthen the probability of trend continuation in line with the primary bullish trend.
⚠️ Trading Note
As long as price holds above POC_1 and the ascending weekly trendline, the broader bullish bias remains intact.
Failure to decisively break the descending weekly trendline would keep the stock in a consolidation/correction phase.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.