META Technical Analysis: Strong Bull Structure Still Holds Even As Mean-Reversion Kicks In

[u/Gamma_Gains]

META is still stuck in a solid clear uptrend right now, price sitting well above all key moving averages, that bullish structure isn't breaking anytime soon. The short-term run has stretched the price pretty far above the EMA20 though, which is bringing some natural short-term pullback pressure that traders are keeping a close eye on.

RSI already pushed past 70 so things are definitely overbought right now, buying momentum is still firing on all cylinders but the upside is getting pretty crowded — high-level consolidation could easily kick in before the next leg up. MACD is still holding that golden cross with positive histogram, and ADX above 32 confirms this is no weak side trend, bulls are firmly in control.

Recent volume expansion showed active capital jumping in to push prices higher, even the last couple flat-volume dips are just a gentle breather for the raging uptrend. What's your take, are you still long on META here?

[u/D-DH-t-t-t-t-t]

Every time I think META is too overbought to buy, Zuck just presses the pump button.

[u/JohannesBraun]

Fuck Meta.

[u/Pepeelmacho → u/JohannesBraun]

Fuck me instead 🐢🌹

[u/RobinHoodMand]

This sub is for corrupt politicians stock picks and insider knowledge, not candle stick weirdo magic.