META may start to go bullish?

Meta shares jumped 7% after hours. This is because Meta's latest earnings report exceeded expectations across the board: revenue was $39.07 billion, up 22% year-over-year, and net profit was $13.465 billion, up 73%.

Technical speaking, Meta stock price has broken below the uptrend line and then found support at the previous gap down candle with high trading volume, initiating a rebound.

Currently, the price has rebounded to the resistance level around 476, which share same level with the lower edge of the previous gap .

If the price fails to break above this resistance level, it might probably drop more. on the contrary, it might start to go bullish after the valid breakout.