META Weekly Options Trade Plan 2025-03-18

Technical Analysis Synthesis:

Price Action & Moving Averages:

5-Minute Chart: META has been trading above its 10-period EMA, indicating short-term bullish momentum. It's also trading above the 50-period EMA but below the 200-period EMA, suggesting a potential correction or consolidation within a larger downtrend. Daily Chart: META is trading below all EMAs (10, 50, and 200), signaling a bearish trend on a daily basis. The price has been declining, with the last close significantly below the 10-day EMA, confirming bearish momentum. RSI & Bollinger Bands:

5-Minute Chart: RSI has moved from oversold to a neutral level, suggesting a potential pause or pullback after a short-term rise. Bollinger Bands are widening slightly, indicating increased volatility. Daily Chart: RSI is indicating oversold conditions, but the downtrend persists. Bollinger Bands are also widening, showing increased volatility with the price testing the lower band. Support & Resistance:

5-Minute Chart: Immediate support at $579.06, $579.28, and $579.33 with resistance at $583.34, $583.42, and $583.89. Daily Chart: Key support levels are at $563.14, $575.53, and $579.48, with resistance levels at $607.45, $624.41, and $632.77. The current price is well below the nearest resistance, suggesting a bearish bias.

Market Sentiment Integration:

VIX Data: The VIX is at 21.56, indicating elevated volatility but trending downwards. This suggests a slightly less fearful market but still with significant uncertainty.

News Impact: The recent news headlines do not directly impact META significantly, but the general tech sector news might influence investor sentiment. The firing of Democratic commissioners at the FTC could introduce regulatory uncertainty.