META – Setting up for a move back to channel highsMeta Platforms Inc Class ABATS:METAAlchemyMarketsMeta has been respecting a well-defined descending channel, and price is now pushing higher off the lower half of the range. After a sharp selloff into March, we’ve seen a strong rebound with higher lows forming — suggesting selling pressure is fading and buyers are stepping back in. The key here isn’t just the bounce — it’s the structure shift. Price is now: * Holding above recent support * Reclaiming momentum * Moving away from the lower bound That opens up a path toward the upper channel resistance (~700 area). Bull case (fundamental + positioning) This isn’t just a technical bounce. Into earnings, Meta sits in a classic setup: * Strong ad revenue already expected * Market cautious on margins due to AI spend If Meta shows: * Better-than-expected monetisation from AI * Cost discipline despite capex * Or stronger ad pricing → That forces EPS revisions higher, not just a beat And that’s when you get continuation, not just a spike