Looking at the $Meta Platforms, Inc.(META)$ 8-hour chart, option sweepers and block buyers are leaning bullish. Heavy buying hit LEAP $650 calls, including a $7.0M sweep that's now +8.5% to ITM, and a $901.5K block on Jan 2027 $680 calls that's +13.5% to ITM. On the flip side, there are large short-dated put hedges at the $607.5 and $602.5 strikes, with sweeps of $1.4M and $870.5K. The positioning seems to follow Q2 revenue beating estimates at $47.52B, up 22% YoY.
The key bull level to watch is $612.50. A solid move above it would clear the local volume shelf resistance and the overhead wicks, which could open up room for a trend expansion. The bear level sits at $524.54, marking a structural support floor and the baseline bear target. Upside targets are at $683.23 and $756.71.
The 8-hour chart shows a multi-touch double-bottom spring off the $524.54 macro demand floor. Reclaiming $612.50 would clear the immediate overhead volume friction, and there's a fairly wide air pocket beyond it that points toward the $683.23 area and higher.
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- AT69·08-12This stock is not going anywhere..evwrything zuckerberg does only peecipitate its fallLikeReport