Peter Smith
⬤ Meta Platforms is wrestling with a crucial resistance level after getting pushed back from its 20-week moving average two weeks ago. The stock made a run toward this technical marker but couldn't hold on, leaving investors wondering if November's low actually marked a turning point. Market observers emphasize that Meta needs a clean weekly close above the 20-week MA to prove the bottom is in.
⬤ Right now, that 20-week average is acting as a ceiling Meta can't seem to break through. The stock keeps bumping up against this line and falling back, creating uncertainty about whether it's ready to climb higher or needs more time to build support. Until Meta punches through this resistance with conviction, traders are staying cautious about calling a bottom.
⬤ The coming weeks will tell the story. If Meta manages to clear the 20-week MA and hold above it, that would flip the technical picture from uncertain to potentially bullish. But if the stock keeps getting rejected at this level, it could signal more sideways movement or even another leg down. The price action around this moving average is becoming the key factor in determining Meta's near-term direction and whether institutional money will step back in with confidence.
Peter Smith
