Sommario:META continues to follow a bullish trend on the weekly chart, but the recent candle closed with a bearish body, signaling short-term exhaustion after several weeks of aggressive upside movement. The p
META continues to follow a bullish trend on the weekly chart, but the recent candle closed with a bearish body, signaling short-term exhaustion after several weeks of aggressive upside movement. The price is now hovering around 695.32, which marks the current level as the market pauses ahead of further directional commitment.
Price remains above the Ichimoku Cloud and both the Tenkan-sen and Kijun-sen lines, confirming that the broader trend remains bullish. However, after failing to break above the major resistance at 736.73, the latest candle formed a bearish close with a smaller range — suggesting momentum is slowing. Volume remains relatively stable but doesn't indicate fresh buying enthusiasm at this level.
The Stochastic Oscillator (5,3,3) is high in overbought territory at 85.55 and 86.43, signaling potential for a correction or consolidation. The bullish Kumo remains intact, but the price may need to pull back toward dynamic support zones before attempting another breakout. Immediate attention should be given to how the price behaves around the current level and the support at 625.36.
Market Observation & Strategy Advice
1. Major Resistance stands at 736.73, where price previously stalled.
2. Key Support is seen around 625.36, near the Kijun-sen and upper cloud boundary.
3. Current Position is 695.32, just below the recent highs and near a decision point.
4. Stochastic indicator warns of momentum weakness as both lines stay above 85.
5. Trading Strategy Suggestions:
Wait for breakout confirmation above 736.73 before re-entering long.
Buy the dip strategy may be considered near 660–670 if price pulls back cleanly.
Avoid fresh longs if price closes below 680, as it may trigger a deeper retracement.
Market Performance:
Stocks Last Price % Change
AAPL 196.58 +0.48%
TSLA 322.05 +1.80%
Today's Key Economic Calendar:
JP: Inflation Rate YoY
UK: Retail Sales MoM
Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.
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DBG Markets
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EC Markets
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FXTM
Exness
DBG Markets
XM
EC Markets
STARTRADER
FXTM
Exness
DBG Markets
XM
EC Markets
STARTRADER