2026-02-05
Market Status: META showing bearish pressure after testing $717 highs. Price retreated to $670.22 after two consecutive red days, but found support above $653. Trading above all major EMAs (9: $680, 50: $663, 200: $665) suggests underlying strength despite recent pullback.
Technical Indicators: MACD histogram declining from 7.93 to 2.63 shows weakening momentum. RSI at 60.6 indicates neutral territory - no extreme conditions. The $667-$670 zone tested twice as support.
Pattern & Prediction: Hammer-like formation on Feb 5 ($653.5 low with $670.22 close) suggests buyers defending support. Tomorrow likely consolidation or modest green candle. Week expected to close sideways to slightly lower given momentum fade.
Trend: ๐ป SIDEWAYS
Candlestick Pattern: Hammer/Bullish Rejection (Feb 5: opened $663.58, dropped to $653.5 low, closed $670.22 - buyers rejecting lower prices)
Support: ๐ข 653.5 (Feb 5 intraday low and recent swing support)
Resistance: ๐ด 686-688 (Feb 3-4 support turned resistance, EMA9 at 680)
CALLBUY META @ 680
Expiration: Feb 19, 2026 ยท 14 days out