META (NASDAQ: META) – Oversold & Ready for a Bounce?

📊 Meta Platforms (META) has pulled back from its recent high of $740.88, but signs are emerging that a bounce may be near as price approaches key support levels. With the stock now oversold, buyers could step in for a potential recovery.

🔹 Why META Could Rebound Soon
✅ 1. RSI is Oversold (38.75) – The RSI has dropped below 40, which historically signals a buying opportunity as sellers exhaust momentum.
✅ 2. Key Fibonacci Support Levels – META is currently testing $714.57 (0.236 Fib) and could bounce toward the $719-$723 range if support holds.
✅ 3. Potential MACD Reversal – The MACD remains bearish, but momentum could shift if the MACD histogram starts reducing its red bars, signaling a possible crossover.
✅ 4. 200 EMA ($707.98) Could Act as Strong Support – If the price tests this level, buyers may step in aggressively.

🔹 Key Resistance & Bounce Targets
📍 $719.60 (0.382 Fibonacci) – First resistance if price begins recovering.
📍 $723.66 (0.5 Fibonacci) – Midpoint resistance; reclaiming this level signals stronger bullish momentum.
📍 $727.72 (0.618 Fibonacci) – A breakout above this would confirm a trend reversal.

🔹 If META Reclaims $721.65 (20 EMA), Expect a Stronger Move Higher.

📈 Bullish Trade Setup: Buy Above $715
✅ Entry: Buy META above $715 (support bounce confirmation).
🎯 Target 1: $719.60
🎯 Target 2: $723.66
🎯 Target 3: $727.72
🛑 Stop-Loss: Below $710 (invalidates support hold).

🔍 Confirmation Needed:
✔️ RSI reclaiming 40+
✔️ MACD turning bullish
✔️ Sentiment indicator shifting green

📌 Final Thoughts: META May Be Ready for a Rebound
📈 META is in an oversold condition and sitting on key support zones. If buyers step in, we could see a bounce toward $719-$727 in the coming sessions. Watch for a shift in MACD & RSI for confirmation.

⚠️ Warning: If the next candle closes below $710 with strong volume, expect further downside toward $706-$700.

Chart Patterns: Are We at a Key Reversal Zone?
📌 Current Formation: Possible Bullish Reversal Zone

META is retracing within a Fib retracement zone, meaning it is likely in a pullback phase rather than a full trend reversal.
Patterns to Watch:
✅ Falling Wedge Pattern (Bullish Breakout Expected)

If the price is making lower highs but consolidating near support, this could trigger a breakout toward $723-$727.
✅ Double Bottom Formation (Reversal Signal)
If META tests $710-$707 twice and holds, it confirms a double-bottom formation with an upside target of $727-$735.
✅ Trendline Retest (Bounce Play)
If price holds the trendline from February’s uptrend, we could see a continuation higher.
🔹 Bearish Scenario? If META breaks below $710 and forms a bearish flag, expect a drop to $700-$698.

💬 Are you bullish on META? Drop your thoughts below! 👇🔥

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