Skip to content

$META – Monthly Analysis –

This analysis reviews the latest technical signals for META and evaluates the mid- and long-term outlook. We examine candlestick structure, trend alignment, momentum readings, and Elliott Wave context to determine whether the current trajectory remains intact. Key confirmation and invalidation levels are highlighted to clarify the most probable paths ahead.

CANDLES

META produced several strong bullish signals that cannot be overlooked. The weekly frame confirmed a bottom and reclaimed the 50 WMA. The 10-day frame formed a strong Bullish Engulfing. On the daily chart, the price is challenging the 200 and 50 DMA resistance levels and has recorded an 8/20 EMA bullish cross. The stock is increasingly bullish.

Elliott Waves

Back in June, I outlined META’s long-term outlook, and the current setup appears ready for further development. META has likely completed wave IV, and an impulsive structure in the wave up could drive the price toward $800 or even higher—representing a rally of more than 20% from current levels.

There is also a possibility that the recent decline was not the full wave IV but only wave A of it, though this has yet to be proven.