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Meta $META has structurally shown a lot of strength during the market-wide AI correction of the last few weeks, which is a great sign
Since 2024, it's formed a series of higher lows within a triangle compression pattern. During its recent selloff it wasn't even able to pullback to the 50 EMA at $506 (notice how in 2019 and 2020 they were buyable pullbacks)
To remove any mid-term doubt that it can break the triangle to the downside, price should break past the current resistance, or the 1.414 at $696
Strength indicators are bottoming too. Looks good