META Follows My Preferred Technical Price Path
by Mike Paulenoff
April 12, 2026 • 4:21 PM EDT
On the morning of April 7, 2026, this is what I posted for MPTrader members about my interpretation of the near-term technical setup exhibited by META:
My preferred technical scenario for META argues that the stock established a significant near-term low at 520.00 on 3/27/26 that resides within an August 2025 to March 2026, incomplete larger corrective process. Near-term, my pattern work indicates that META has another recovery upleg approaching from at or above 550 that will propel the stock to challenge resistance at 605-610, and possibly to the 630 area, where I will be expecting another bout of weakness that will revisit the 520-540 March 2026 low-zone for a final low within the larger, multi-month correction... Last is 566.50...
Fast-forward from last Tuesday morning's (4/07/26) update, we see on my attached 4-Hour Chart that META proceeded to rocket higher from the 565 area to a high at 638.50 on Friday (4/10/26) afternoon before closing at 630.85, right in my "630 target area."
META gained gained 12.7%, and closed the week up 11.4% from my Tuesday morning update.
If META continues to follow the price path anticipated by my technical work, the stock will lose upside momentum and roll over into a significant give-back of the April upmove from 520 to 638.58.
Join me-- and our members-- for this week's updates and discussions about opportunistic setups in META, as well as many other stocks, ETFs, macro indices, precious metals, Bitcoin, and Ethereum...
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts
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Thirty minutes after the opening bell on November 24, 2025, I posted the following heads-up to MPTrader members about the technical setup in META:META has the right technical look of a significant U-Turn to the upside after completing a 27% August-November correction from 796.25 (8/15/25) to 580.32 (11/21/25)... To gain more powerful upside traction, META needs to climb and sustain above nearest-term resistance at 614.70 to 616.50, which if (when) taken out, will open a higher price pathway to the 670 area to challenge the down-sloping 200 DMA... Last is 609.27...
Last Friday morning, to calm frazzled nerves amid a 1% pre-market plunge that was threatening to complete a 100% give back of the prior week's 3.
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On August 12, 2025, this was my response to an inquiry from an MPTrader member about intense weakness impacting SMR (NuScale Power Corp):SMR (NuScale Power)-- Fellow member Irv66 asked for an update on this modular nuclear reactor manufacturer that blasted-off from 11.08 in early April to 53.50 at the end of July (+382%), but has since been in the grasp of a major correction from 53.50 to 38.33 (-28.6%). My pattern work argues that SMR is nearing key support from 37.50 down to 33.
ARKK (ARK Innovation Fund, ETF)-- Back on August 20, 2025, this is what we discussed about ARKK:Fellow member Pawel has requested an update on Cathie Wood's fund, which in June thrust up and out of a 3-1/2 year base-accumulation period and pattern above 68.40/50 that subsequently climbed to my initial target in the vicinity of 80 (see my attached Daily Chart). Since the 7/21/25 high at 79.