Marina Lyubimova
⬤ Meta Platforms shows a clear shift in momentum on the weekly chart. The price bounced off its support cloud and the MACD lines appear ready to cross upward. The weekly MACD has just started to turn higher, which suggests the recovery remains at an early stage.
⬤ The chart shows META holding firm above the cloud after a brief pullback - that cloud has served as flexible support during earlier climbs. The latest rebound matches prior episodes in which buyers returned after short drops. The weekly MACD histogram now points upward while the signal lines narrow, a sign that momentum improves as the price moves toward the mid-670s.
⬤ META's broader path looks sound despite recent swings. The bounce from the cloud plus the MACD turn hint that bullish pressure is returning, especially as the price moves back into the range where it traded earlier. With the stock near $673, those fresh signals suggest an early resumption of the uptrend that has carried META for multiple years.
⬤ This firmer technical picture may shape sentiment toward mega cap tech names as the year ends. A recovering MACD paired with a solid support test implies that momentum should keep rising if broader market conditions remain helpful. Such a move could set the mood for the next earnings cycle and for sector rotation trades.
Marina Lyubimova
