$META ‌#META

META Analysis - Reversal Attempt at 577.12 After Holding 524.49 Double Bottom

Meta Platforms Inc Class A is showing reversal strength after double bottom. META is trading at 577.12 dollars up 7.26 points or +1.27 percent. Intraday range is 593.34 high and 561.88 low with Open 590.31 and Prev Close 569.86. Range percent is 5.52 percent showing high volatility session. Market Cap 1469.98B dollars with P/E TTM 21.78 and P/E LFY 24.617.

The 4h chart shows a major downtrend from 686.08 high on July 16 down to 524.49 low on Aug 3, a 23.5 percent correction. Since Aug 3 bottom, META consolidated around 560-600 zone and made a second bottom near 520-530 on Aug 22-24, forming a double bottom pattern. The current candle at 577.12 with long upper wick to 593.34 shows strong buying after the double bottom.

Support and Resistance Zones

Support:
1. 569.95 - 559.75 Zone - Immediate Support: MA5 at 569.95 and MA10 at 559.75 just crossed bullish. This cluster is the first support after breakout. Price at 577.12 is above both, which is bullish. 2. 561.88 Zone - Intraday Low Support: Today's low at 561.88 aligns with MA10. Holding above this keeps reversal intact. 3. 524.49 Zone - Major Double Bottom Support: Absolute low marked on chart from Aug 3. This level was retested on Aug 24 and held. This is the most important long term support. Losing 524.49 would open deeper correction toward 516.41.
Resistance:
1. 573.49 - 593.34 Zone - Immediate Resistance: MA30 at 573.49 is just below current price and today's High at 593.34 is just above. Price at 577.12 is trying to reclaim MA30 after trading below it since July 23. The wick to 593.34 shows rejection at this zone. A 4h close above 593.34 is needed for continuation. 2. 614.47 Zone - Strong Resistance: Level marked on right axis. This was the support that broke on July 23 and became resistance. It is 6 percent above spot. 3. 686.08 Zone - Major Top: Peak from July 16 marked on chart. This is the long term target that must be reclaimed for new ATH momentum.
What to Watch
1. MACD 3.86 Bullish Reversal: MACD at 3.86, DIF at -4.02, DEA at -7.89. MACD is positive while DIF and DEA are still negative but DIF is about to cross above DEA. This is bullish crossover in early stage. Histogram turned green for last 3 candles after long red period, indicating momentum shift. MACD bottomed near -30 and is now rising toward 0. 2. MA Structure: MA5 569.95 above MA10 559.75 is bullish golden cross. Both are still below MA30 573.49 but MA5 is approaching MA30. A MA5 cross above MA30 would confirm trend reversal. This is the same pattern that started the rally from 524.49 on Aug 3. 3. News Flow: Headline shows Meta Agrees to $17.1B Settlement With U.S. States. Settlement removal is positive as it clears legal overhang. Market is reacting positively with +1.27 percent despite intraday pullback from 593.34. 4. Double Bottom Validation: Two lows at 524.49 and near 530 on Aug 24 with higher low pattern. The neckline is around 600-610. Current move to 577.12 is 50 percent of the way to neckline. Volume on breakout candle to 593.34 is higher than previous red candles, confirming buying interest.
In summary, META is attempting reversal after double bottom at 524.49. Current 577.12 level is reclaiming MA30 at 573.49 which is critical. Holding above 569.95 and 559.75 keeps target at 593.34 and then 614.47. The MACD bullish crossover and MA5 above MA10 support continuation. Losing 561.88 would delay reversal and open retest of 540-530 support zone.

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