Meta – Recovery Structure and Bullish Continuation Setup

#Meta – Recovery Structure and Bullish Continuation Setup

Current price: $723.2
Meta is building a bullish recovery structure after completing a corrective decline. The market is stabilizing near key support and may be preparing for a renewed upward leg within the larger trend.

🧩 Technical Overview
• The downtrend from the August high has likely formed a complete corrective pattern.
• Price rebounded from the $686–$690 support zone and is attempting to re-enter the mid-term ascending channel.
• Momentum has shifted from exhaustion to accumulation — typical for a trend-continuation setup.

📈 Scenario
• As long as the price holds above $686, the structure favors an upward move.
• Stop-loss: below $686, under the recent corrective low.
• Upside levels to watch:
– $736–$755 — early confirmation zone / local breakout test
– $775–$816 — key resistance area, mid-cycle confirmation
– $860–$902 — extended target range based on Fibonacci projections
• A daily close above $755 would confirm strength and continuation toward the higher targets.

⚙️ Market Context
• The broader NASDAQ structure supports recovery across large-cap tech stocks.
• Meta remains in a long-term bullish framework despite the recent correction.
• Volume behavior and market breadth show early signs of capital rotation back into growth assets.

🧭 Summary
Meta is forming a recovery leg after a controlled correction.
Holding above $686 keeps the bullish bias active, with first confirmation above $736 and major continuation signals over $755.
Targets for the next impulse are projected near $816, $860, and potentially $900+.