META Support Holds (As Expected)...

META Update: Forty-eight hours ago, this is what we discussed about META:

META is undergoing a test of critical intermediate-term support as we speak. Technically, META is about to challenge BOTH its major support line from Nov 2022 that cuts across the price axis in the vicinity of 575 AND its up-sloping 200 DMA, now at 571.35... Although I am expecting 570 to 575 to contain this bout unconfirmed weakness, should META close below 570, then my worst-case corrective scenario off of the 2/14/25 ATH at 740.91  argues for META to head for 540-550, which is a "back up the truck" support window... last is 575.46...

Fast-forward to this AM, we see META held its key intermediate-term support levels at 570-575 after a 22% correction off of its ATH (see my attached Charts), and has turned up into a recovery rally that projects into an initial target zone from 623 (the lower boundary) to 635 (the upper boundary), where META will encounter heavy resistance, and where we will reevaluate the recovery rally pattern to determine if its has staying power... Last is 603.32...