Meta’s post-earnings move is being treated as a technical test into 743, with upside only if it can reclaim that level on two 4-hour closes; failure risks a retest of 690 and, if that breaks, 666 then 611. TSLA’s earnings reaction is weaker, but the stock still holds an uptrend unless it gets two 4-hour closes under 345.88, which would point to a lower low and revive the earlier 2026 downside call to 290. The earnings backdrop is mixed: Meta revenue rose 26% to $64.6 billion despite a one-time legal charge, while Tesla’s quarterly profits fell 44% even as free cash flow came in at about $1.5 billion and spending was lighter than expected.
Meta popped on earnings; TSLA headed south after earnings.
TSLA generated about $1.5 billion in free cash flow, helped by spending less than Wall Street expected.
Tesla quarterly profits fell 44% from a year earlier.
TSLA is range-bound between 380 and 350; 345 is the critical price just below the bottom of that range.
Two 4-hour closes under 345.88 would likely send TSLA to a lower low; the earlier downside call for 2026 was 290.
Despite the earnings reaction, TSLA made a higher high, so the trend remains up for now; the panic/hedge trigger is a close under 345.88.
TSLA is expected to revisit the range, hold support, and keep climbing into 2027 if the support test works.
META revenue grew 26% to $64.6 billion.
A one-time legal charge hit META’s reported earnings; without it, EPS would have beaten expectations.
META’s AI assistant Muse has passed 10 million users, according to Zuckerberg.
META expects to spend $135 billion to $145 billion this year on infrastructure.
META plans a new class of shares without voting rights, which could dilute existing investors’ ownership percentages.
META ran to 743, described as critical chart resistance; two 4-hour closes above 743 are needed for continued upside.
If META cannot get back above 743, it is likely to retest 690 by the end of the week; losing 690 opens 666 first and then 611 as the bigger downside target.
The bull case on META is more exposed because the Fed rate decision on October 28 could move these markets hard.