META Retests All-Time High with Bearish Divergence – What Traders Should Watch
$Meta Platforms, Inc.(META)$ Weekly Chart- Bearish Divergence Forming
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META is approaching a resistance zone near previous highs.
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However, RSI shows bearish divergence – while price retests highs, RSI forms lower highs.
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This suggests slowing momentum, and traders should watch for potential pullback or consolidation.
Bearish Scenario:
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If META breaks below the immediate support at 708, it may trigger short-term downside pressure. Daily Short DLCs (e.g. $META 3xShortSG261006(USFW.SI)$ ) will benefit from price trading lower.
Bullish Scenario:
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If META breaks above its all-time high (~$730–$740) with strong volume, it may resume its uptrend. Daily Long DLCs (e.g. $META 3xLongSG261006(USDW.SI)$ ) will benefit from price trading higher.
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