Meta Platforms climbs 5.9% as the downside case crumbles

Week 8 of a sell signal on Meta Platforms: the week just closed gained 5.9%, with buy volume climbing to 41% from 28% the week before. The daily chart still shows the double bottom in the 549 area, with an intermediate 12% rebound, and price is now working between the first resistance in the 591 area and the first support in the 580 area: a tight band that reads more like an undecided market than a decline still marching forward.