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...
My attached Daily Chart shows that during the ensuing two weeks, META has surged to the upside along my preferred price path, hitting a November-December 2025 recovery rally high at 676.10 on 12/04/25, the day CEO Mark Zuckerberg announced plans to slash the Metaverse budget by as much as 30%!
The 11% upmove from my initial heads-up to MPTraders (+16.5% from the 11/21/25 corrective low) represents a classic technical setup. That is to say, frequently a powerful pattern coupled with accompanying supportive momentum readings "warns us" about the probable directional price path, even though at the time we don't know why price will meet and/or exceed target expectations.
This is the beauty of experienced, informed technical analysis overlayed on fundamental research. It is a very powerful combination.
What's next for META's price direction? Consequential resistance hovers above the price structure from 671 to 681, which could be a meaningful impediment to upside continuation. If META stalls in and around 670-680, will the stock grudgingly pull back-- a buy-the-dip scenario within an emerging new bull phase-- or relinquish all of its November-December gains within a larger-developing, multi-month correction?
Join us at MPTrader for our ongoing intraday analysis and discussions about META's setup, as well as the setups in many other individual stocks, sector ETFs, macro indices, commodities, precious metals, and cryptocurrencies as we head toward the final Fed policy decision of 2025, another week of important Earnings reports, and the potential for a Christmas rally into year-end... MJP
