### **Meta (META) Stock Daily Analysis**
Hello Traders, let’s analyze Meta (META) stock on the **daily timeframe**, where a clear buy trend is emerging. The price is respecting a key **trendline support** at **$629**, offering a potential entry zone for bullish traders.
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| dialy TF |
1. **Trendline Support:**
- Meta stock price is consistently respecting an ascending **trendline**, acting as dynamic support.
- The current support level is at **$629**, a critical zone for potential buy entries.
2. **Buy Confirmation:**
- A bounce from the trendline, supported by bullish candlestick patterns (e.g., engulfing candles, hammer) or RSI divergence, would confirm the uptrend continuation.
3. **Price Targets:**
- **Initial Target:** Previous swing high near 700.
- **Extended Target:** Fibonacci extension levels or psychological resistance.
### **Trade Strategy**
1. **Entry Zone:**
- Buy near the **trendline support** at **$629** with confirmation from price action.
2. **Stop-Loss:**
- Place stops **below the trendline** to protect against a breakdown.
3. **Confirmation Signals:**
- Validate the setup on **lower timeframes** (e.g., 4-hour or 1-hour charts) for additional confluence.
### **Why This Setup Matters**
- **Trendline Dynamics:** Trendlines act as reliable support/resistance levels, offering high-probability entry points.
- **Meta’s Fundamentals:** Strong earnings, AI advancements, and ad revenue growth continue to support the stock’s bullish outlook.
### **Critical Levels**
- **Support:** $629 (trendline support).
- **Resistance:** $650–$660 (immediate target), $700 (extended target).
### **Conclusion**
Meta (META) stock presents a compelling buy opportunity near the **trendline support at $629**. Traders should wait for **confirmation signals** (e.g., bullish candlestick patterns or RSI divergence) before entering.
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