META is forming a strong ascending channel with consistent higher highs (HH) and higher lows (HL) on the 1H chart. If this trend continues, we could see a push to $630 today. Here's why:
Key Observations:
Higher Highs & Higher Lows: The last two breakout moves gained approximately $2 each time, suggesting a similar breakout could push us to $630.
Support Holding: Price is respecting the green ascending trendline, providing a strong bullish base.
MACD Bullish Momentum Building: MACD is still in positive territory but needs a stronger cross-up for confirmation.
RSI Trending Above 50: Across multiple timeframes (9, 14, 20), RSI remains above 50, indicating healthy bullish momentum.
If price holds the trendline and volume picks up, we could see $630+ today. Watch for a breakout confirmation above previous HH.
My Target:
$630 Today – Based on previous moves and trend continuation.
What’s your take? Will META hit $630, or do you see resistance coming in? Drop your thoughts below! #META #Trading #Stocks #Breakout #TechnicalAnalysis