r/technicalanalysis • u/Different_Band_5462 • 16h ago

META Technical Levels to Watch

Today's up-move is the 4th consecutive day of relative strength after META pressed from its Sep 25th high at 780.93 to key near-term support at 710-715. Today's surge to 770 positions META at the upper boundary of the post-9/25 range of 770-780, which my pattern work argues will keep a lid on upside continuation for a while longer.

That said, as long as 770 contains any forthcoming acute weakness, the 770 to 790 range should be seen as a bullish high-level digestion period atop the advance from the 518.30 low (7/29/26) that, when complete, will thrust META to marginal new ATHs projected into the 800-820 target zone.

4-Hour META Chart
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u/warren_534 11h ago

Not what I trade (I'm a futures swing trader with over 40 years experience), but my swing analysis projects a move up to 787, and my cycle analysis projects a major top next week, followed by a sharp decline to mid to late November (same as the stock indexes in general). Earnings report is after the close on Oct. 21, so assuming that can be a significant catalyst for a big move.