META certainly knocked the cover off of the ball with its current earnings report and guidance.
Heading into earnings yesterday, my preferred scenario argued for a "sell-the-news" scenario within a "final" up-spike for the entire multi-month relentless vertical assault from META's Nov. 2022 low at 88.09 into today's high at 330.00. So far, there has been no "sell-the-news" reaction, only the up-spike to my next target zone of 325-330.
My attached 4-Hour Chart shows the dominant uptrend CHANNEL formation from the beginning of January 2023, with the current earnings reaction thrust right to the upper boundary line of the channel, where META should find "natural" resistance. At this juncture, a bout of weakness that sustains beneath 323 will be my first signal that META could be exhausted up at 330, while downside continuation beneath 318.60 will trigger a nearest term downside reversal signal.
Otherwise, a close today and tomorrow above 330 will indicate that META still has some fumes in its bullish tanks that will point next to 337 to 342... Last is 327.15...