$META
Added 2023-10-24 20:58:38 +0000 UTC$META reports after the close tomorrow.
It is taking a small hit in AH right now, possibly due to $GOOGs decline.
$META's chart does concern me and it has for some time.
The bounce from November, a low that I called all the way down, has bounced in a unconvincing impulse wave and very typical of an aggressive corrective wave, also in a very strict ascending triangle and then completed a potential double top.
These are three bearish formations.......I am not in $META and have never been but I would exercise caution here right now.
I believe the best case scenario for $META is a pull back to white fibs at $208 or $173.
Just like $NVDA needing to pull back, it would reinforce the structure.
Comments
So if earnings are not that good is it a good time to short META?
Tomer Altman
2023-10-25 05:02:23 +0000 UTCMy average is 144$ cap. Would you trim?
makis
2023-10-24 20:59:46 +0000 UTC
