$Meta Platforms, Inc.(META)$
Zone: $704.36 to $714.30
Invalidation: close under $702.71
Objectives: $744, then $771
The math: up 4.9% to the first objective and 8.7% to the second, against 0.9% risk on the invalidation, better than 9 to 1 to the second.
This swing setup feels like a solid house that got marked down during a rough week for the whole street. Meta fell 3.7 percent on Friday and closed at $709.33, yet buyers held the $702.71 low, and that hold gives a clean line to step aside if it breaks. Earnings come after the close on October 21, and the November 20 calls allow enough time for price to carry back toward $744 first and $771 next, the same highs buyers paid up for earlier this month. If price closes under $702.71, the markdown story is wrong and the trade is off.
Also watching the $738.49 high from Friday morning. A close back over it would show buyers are taking price back, not just defending the low.
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