META Technical Analysis and GEX Insights for Option Trading

Technical Analysis:
* Trend: The chart indicates META is forming an ascending wedge, signaling potential bullish continuation if the price breaks above the resistance at $720.

* Support and Resistance:
* Immediate resistance lies at $718.90, which aligns with the highest positive NETGEX level and CALL resistance.
* Support is observed at $704.87 and a stronger level near $690 (PUT support).

* Volume: Volume is moderate, suggesting a balanced interest in both sides of the market.

* Indicators:
* MACD: Shows bullish momentum, with the signal line crossing above the MACD line.
* Stochastic RSI: Near the mid-level, suggesting a potential upward move if momentum sustains.

GEX Insights:

* Call Wall: $720 represents significant resistance, with a 70.09% probability of holding strong due to heavy call options.

* Put Wall: Strong PUT support is seen at $690, indicating a robust bearish floor.

* Options Sentiment: With GEX showing 18.9% call bias and IVX at -1.41%, the market leans towards limited upward momentum.

Strategy Suggestion:
* Bullish Play:
* Entry: Above $718.90 (confirm breakout).
* Target: $730 (psychological level).
* Stop-Loss: Below $704.87.

* Bearish Play:
* Entry: Below $704.87.
* Target: $690.
* Stop-Loss: Above $720.

Price Action Note:
Market dynamics can change significantly after the open. Ensure you verify the real-time data and adjust entries accordingly.

Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.