Scenario
Timeframe	Weekly
Recommendation	BUY STOP
Entry Point	326.05
Take Profit	346.00
Stop Loss	320.00
Key Levels	275.00, 300.00, 326.00, 346.00

Alternative scenario
Recommendation	SELL STOP
Entry Point	299.95
Take Profit	275.00
Stop Loss	310.00
Key Levels	275.00, 300.00, 326.00, 346.00

Shares of Meta Platforms Inc., an American multinational holding company that owns the technology conglomerate and the largest social network Facebook, are moving within a corrective trend at 318.00.

An upward trend is forming on the daily chart, within which the price is kept below the support line of the global channel with dynamic boundaries of 356.00–320.00.

The four-hour chart shows that the prospects for continued upward dynamics have increased significantly after breaking the high of September 14 at 311.00, so the quotes may reach the year’s high of July 28 at 326.00.

Technical indicators are strengthening the buy signal: fast EMA on the Alligator indicator are above the signal line, and the AO histogram is forming ascending bars, rising in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 326.00 with the target at 346.00. Stop loss – 320.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, decline, and consolidation of the price below 300.00 with the target at 275.00. Stop loss – 310.00.