Executive Summary

Meta Platforms (META) is back in focus, not just for its strong second-quarter earnings, but also for its aggressive push in the AI talent race. Amid headlines of billion-dollar offers to lure top minds from OpenAI, the stock has quietly broken above key resistance levels following a bullish 1GT signal triggered in May. That signal is still playing out today.

In this article, I break down what the chart is telling us using my One Good Trend (1GT) strategy. With momentum picking up and prices holding firm above support, I’ll show you the key levels I’m watching and how you can potentially amplify your returns using Daily Leverage Certificates (DLCs), whether the uptrend continues or reverses sharply.

1. META Platforms Inc (META)

Meta Platforms (META), the parent company of Facebook, Instagram, and Threads, has recently regained bullish traction after a period of volatility earlier in the year. 

Following the dip in April, we saw a fresh bullish 1GT signal appearing on the chart in early May, near the $600 zone. 

Since then, META has steadily climbed higher, breaking through key resistance levels, and that signal is still playing out now.

From a technical perspective using my One Good Trend strategy, the trend is pointing up once again.

The longer-term trend remains bullish, with the 100-day moving average (red line) sloping upward and comfortably above the 200-day moving average (blue line). 

Prices are now trading well above both lines, suggesting that the broader uptrend remains intact.

On the short-term front, the 20-day moving average (green line) is starting to slope up again, indicating that short-term momentum is returning. 

This renewed short-term strength, coupled with a clear alignment of all three moving averages pointing up, reinforces the bullish setup.

We have also seen prices pushing above the $750 resistance level in late July, and that breakout has been sustained so far. 

That same level is now expected to serve as new support. The next resistance is at around $825, which is the area to watch if the current uptrend continues to play out.

Traders should watch for prices to hold above $750 in the near term. 

Any pullback that holds above this level could offer a second-chance entry for those who missed the breakout.

So, how does one take a position in META whereby you are able to reap more potential return to ride either the downside or upside further?

Those keen to ride on the short-term upward momentum in META shares can consider using Daily Leverage Certificates (DLCs) traded on SGX to leverage on that move.

The reason for that is that the DLCs can potentially generate magnified returns for a given move in the underlying. 

You can trade in both Long or Short directions and in SGD trading currency during Asian market hours, even when the US markets are closed.

Traders who are bullish can consider the 3x Long DLC on META (USDW), while those who are bearish can consider the 3x Short DLC (USFW) as shown below.

Magnificent 7 US Stock DLCs

The US Stock DLCs are designed to provide a fixed 3 times leverage performance on the underlying US stock’s daily performance on a US market close-to-close basis. The basic principle is as follows:

• If the META stock rises by 2%, the 3x Long DLC will rise by 6% and the 3x Short DLC will fall by 6% accordingly, before overnight cost and fees.
  

• If the META stock falls by 2%, the 3x Short DLC will rise by 6% and the 3x Long DLC will fall by 6%, before overnight cost and fees.

Investors can trade the US Stock DLCs during SGX market hours 9:00AM to 5:00PM via any regular stock brokerage account where Societe Generale as the Designated Market Maker will provide live tradable prices and intra-day liquidity, offering investors a new trading window during Asian hours when US markets are closed.

Visit DLC.socgen.com/usdlc to find out more. Profits Trading with 1GT Framework

About the Author - Joey Choy

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

More about Joey here

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Look forward to see you on the inside!

- Joey

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This article was created in partnership with Societe Generale (Singapore branch). This advertisement has not been reviewed by the Monetary Authority of Singapore. The views expressed under this article represent the personal and independent views of the author and do not constitute investment advice. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see http://www.dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.