To The Moon

Technical Analysis: Meta Platforms ( $Meta Platforms, Inc.(META)$ )

Uptrend Within an Upward-Sloping Channel

• META has been trading within a well-defined upsloping channel, respecting both the upper and lower boundaries multiple times.

• The stock continues to follow an uptrend, forming higher highs and higher lows, suggesting that the channel remains intact.

Key Price Levels

• Support at 625:This level corresponds to a previous high and is now in proximity to the lower boundary of the channel.Historically, price reactions at similar levels have shown buying interest.

• Resistance at 688: This level has acted as near-term resistance, where price previously faced selling pressure.A breakout above this level could indicate continued strength, while rejection may suggest a pullback within the channel.

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Using DLCs for Short-Term Trading

• Bullish Setup:If META holds above 625 support, traders can consider a long position using a DLC (Daily Leverage Certificate) Long to capture a rebound. ( $META 3xLongSG261006(USDW.SI)$ )

• Bearish Setup:If META approaches 688 resistance and shows signs of rejection, traders can use DLC Short to capture potential downside moves. $META 3xShortSG261006(USFW.SI)$

For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook 

Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.