BruceBryant
10-22 00:43

$Meta Platforms, Inc.(META)$ Time to review Meta ahead of earnings. If you followed my alerts through 2026, you are long from under $600, not above. The closer to $540 weekly support the better, but anything below $600 was fine. The support now sits right at $600, and this is the possible maximum retest on any negative reaction to earnings. Meta did reject at the first resistance above, just under $780, but there are no major distribution patterns of concern right now. I would have preferred for META to regain the 4hr $671.9 level before earnings, as that would have created a new floor, but on the other hand there is no major ceiling above either. So I don't expect any significant dip on good earnings. There is also a lot of runway on Meta for good news, all the way up to $1k eventually. On the 4hr chart, Meta remains bullish as long as it stays above $600, and as long as it holds above that level, that chart measures up to $890, from the $712 level seen just a week ago.

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