Price sits 3.98% above the 200-SMA and roughly 7.8% above the 50-SMA, evidence of trend strength but also stretch risk. MACD at 14.02 versus signal 4.14 shows a wide positive spread, confirming upside momentum acceleration. RSI at 67.18 is bullish yet nearing the 70 threshold, suggesting a pullback into the 623–635 shelf would offer a higher-quality long entry. The 50-SMA at 600.90 defines the deeper trend floor; loss of it would invalidate the bullish structure.
Monday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $IBIT, $CVNA, $AAOI, $SPY, $AMZN, $SHOP.
5 of 5 plays
META trades at 648.03, extended above both the rising 50-SMA (600.90) and 200-SMA (623.23) with the 50 crossing back above the 200, marking a bullish structural inflection. Momentum is confirming, but with RSI at 67.18 the tape is approaching overbought and warrants disciplined entry.
EntryPreferred accumulation zone 630–638 on a pullback; alternatively, breakout continuation entry above 652 with confirmation. Avoid chasing above 655 without a reset in RSI.
Targets672 — measured extension from the 50/200-SMA base → 695 — trend continuation objective if momentum persists
StopDaily close below 615 invalidates the setup — it would break the recent higher-low structure and put price back below the 200-SMA (623.23), signaling failure of the bullish inflection.
Educational only. Not financial advice.