Usman Salis
⬤ Meta Platforms is consolidating after bouncing from a big support zone on the weekly chart. Price rebounded hard about six weeks ago from an area where 810 million shares changed hands, then climbed quickly before stalling around the mid-$640s. The stock's now taking a breather after that initial pop.
⬤ That 810 million share volume block marks where institutional money stepped in. The bounce was sharp and decisive, with price moving away fast from the demand zone. Charts label this as smart money accumulation—where the bigger players were actively buying during the dip.
⬤ Since hitting higher levels, META has rolled over and started drifting back toward lower ranges. The weekly candles show selling pressure creeping back in, and volume momentum's cooled off. There's a broader institutional range sitting below current price that could act as a discount zone if things keep sliding.
⬤ This matters for the wider market because Meta's a heavyweight in large-cap tech indexes. How price handles these high-volume zones affects sentiment across the sector. The interaction between demand areas and renewed selling tells us the market's reassessing after the rally, and what happens next around those institutional ranges could shape positioning and volatility expectations heading deeper into 2026.
Usman Salis
