The stock is on the verge of confirming a major short-term victory. Meta is very close to closing the violent bearish gap left in mid-January 2022. To do so, it needs to confirm a double daily close above the $295 zonal level. If it were to consolidate this milestone, the stock would have consolidated a powerful bullish turnaround figure whose first projection could quickly catapult it towards the upper part of its medium-term bearish channel, i.e. the congestion zone located between 335 and 350 dollars zonal.
Below, the zonal low left around 260-270 dollars (coinciding with its short-term bullish trend line) is, for the moment, the closest support reference to watch. Any correction that does not imply its perforation should be considered as a healthy oscillator regulation in search of new highs. Otherwise, Meta would cancel its current bullish structure, a potential corrective signal that could lead the stock to new annual lows.
Supports: $278, 270, 260, 260, 230 dollars
Resistances: 295, 300, 320, 330, 350 dollars
Targets: (bullish) 335, 350, 370 (bearish) 265, 230, 220, 220, 177 zonal dollars