Meta: first confirmation week in the red
Meta drops 3.5% in its confirmation week, the weekly structure holds
Meta: first confirmation week in the red
Our view last week
Meta Platforms flips signal: the week just closed jumps 14.8% and closes out a sell signal that had run for eight weeks, replacing it with a new buy signal. Price clears the high of the last seven sessions, the weekly structure is spotless across the board, and the MACD has just crossed bullish. In our technical analysis, Meta ranks fourth among the 6 fresh US buys this week, with the entry still to be confirmed.
This week's summary
Meta Platforms closes its first confirmation week down 3.5%, but the technical picture adds nuance: the daily chart just carved a clean double bottom in the 549 area, with a 12% intermediate rebound, while the weekly structure stays clean and the MACD keeps improving. This swing trading setup is still young, and earnings — expected in about two weeks — call for extra caution.
IQS Phase
63
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#50 / 112
US stocks in progress
Trade P&L %
-3.47%
from signal to today
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