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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