$META
Added 2023-04-21 18:59:07 +0000 UTCThe great $META is showing signs of running out of steam. Starting to move out of the large wedge its been in since $170, the RSI is showing a downward trend and a sharp retrace today, the MACD is also showing a bearish trend too on the daily....these are not positive indications, bulls would need to step in soon to salvage this.....earnings will be on Weds after hours. The chart is not showing a particularly good expectation for the earnings, so a big surprise would be needed to change this trajectory. So far this chart has done exactly what i've expected of it for over a year now.....if the earnings are poor, this should start to come down.
Comments
Earnings coming up. I tend to agree with your prediction here ahead of it now. No positions yet. Right now were then still in a 4 of the c of the B. Earnings could catalyse the start of the 5 of the c or extend the 4 a bit further.
rumorandvalue
2023-04-26 11:45:23 +0000 UTCIt would be perfect if rallies into the earnings. I have a similar chart showing the end of the correction nears. But I thought it should reach 230+ before the sell off. In the minute charts I struggle to see the 222$ as a 5 of a C, always end up at a 3. This sell off is unusual deep for a 4 though. If 212$ holds I see it going to 124+ till Wednesday - a final little push. Going short with a smaller long hedge than in Tesla on this. I wish us good luck on the prediction๐
rumorandvalue
2023-04-22 20:52:28 +0000 UTCWhat are your thoughts on earnings? Good or bad feeling?
Steele Broderick
2023-04-21 19:35:03 +0000 UTCStill very close to that, only really started breaking down today
Gareth Neary
2023-04-21 19:34:18 +0000 UTCNew I should have sold at 220. I was holding bag since the big drop a year ago and finally was up.
Steele Broderick
2023-04-21 19:33:04 +0000 UTCThanks !
makis
2023-04-21 19:05:26 +0000 UTCA historical support line
Gareth Neary
2023-04-21 19:02:03 +0000 UTCA masterpiece thanks! Blue line at 154 is what exactly?
makis
2023-04-21 19:01:04 +0000 UTC
