Usman Salis
⬤ Meta Platforms kept climbing this week, reaching around $647.75 on the 4-hour chart as the bullish momentum carried through late November. The TD Sequential indicator, which called the local bottom with a buy signal not long ago, just printed a sell signal that could mark a shift in the short-term trend.
⬤ After the buy signal appeared earlier in the sequence, META pushed steadily higher through a series of white candles that lifted it past minor resistance zones and completed the nine-count that triggered the sell alert. This shift suggests the rally might be running out of steam in the near term, though the overall price structure still looks solid.
⬤ The stock's been moving in a controlled uptrend, making higher highs without much volatility along the way. The sell signal appearing now doesn't necessarily mean a reversal is coming, but it does show META's hit a spot where momentum typically starts to slow down based on the TD Sequential model.
⬤ What makes this signal worth watching is how well the TD Sequential has timed recent turning points for META. If the stock starts losing steam around current levels, this sell signal could weigh on near-term sentiment. That said, as long as META holds above its recent breakout zones, there's still room for the strength to continue into the next few sessions.
Usman Salis
