Meta Technical Breakout/Breakdown Trade Setup

15 days ago

Stocks with Josh

"All right. On this channel, I perfectly called this bounce and this move all the way up to 690. We have that completed. I want to point out something to you. You can see I've got these lines drawn on the chart. These are going to prove to be very, very important. I'll cut right to the chase. Ever since we had this pop up off of these lows, we've been experiencing a very tight price consolidation since. And I'm going to suggest to you whichever direction price breaks above 666 or beneath 642 will determine the next leg up or the next leg down. Now, in particular, if we close a 2-day candle or a weekly candle above 666, the immediate target is going to be 690. If we close a daily candle beneath 642, it doesn't even have to be a two-day candle, just a daily candle, we're going to get a move that could threaten a fall in price down to 610 to the 602 region, which could, even if it got that low, prove to be a higher low and a potential going long opportunity in 2026."

The analyst provides a detailed technical setup for Meta, outlining clear breakout and breakdown levels. A close above 666 on a 2-day or weekly candle would signal an upward move targeting 690, while a daily close below 642 could lead to a drop towards the 610-602 region. This trade call is based on tight price consolidation and an RSI framework that supports the identified levels.

Related Stocks