Meta (
META) broke out of a handle today, closing at the top of its daily range—clear signs of strength and institutional accumulation. Volume expanded, and relative strength is in a firm uptrend, confirming leadership status.
Meta is a mega-cap AI play at the heart of the market’s current innovation cycle. It’s also above all key moving averages (10, 21, 50, 200), showing technical health across timeframes. The breakout occurs within a strong earnings backdrop and aligns with broader market trends favoring growth and AI narratives.
Trade Setup:
📈 Entry: 664 – 695
🛑 Stop: 630 – 617
🎯 Target: 796 – 826
This is a textbook breakout of a bullish handle pattern, and we’ll watch for tight consolidation or a clean retest for possible add-on entries if the trend continues.
META) broke out of a handle today, closing at the top of its daily range—clear signs of strength and institutional accumulation. Volume expanded, and relative strength is in a firm uptrend, confirming leadership status.Meta is a mega-cap AI play at the heart of the market’s current innovation cycle. It’s also above all key moving averages (10, 21, 50, 200), showing technical health across timeframes. The breakout occurs within a strong earnings backdrop and aligns with broader market trends favoring growth and AI narratives.
Trade Setup:
📈 Entry: 664 – 695
🛑 Stop: 630 – 617
🎯 Target: 796 – 826
This is a textbook breakout of a bullish handle pattern, and we’ll watch for tight consolidation or a clean retest for possible add-on entries if the trend continues.
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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.