Very nice setup forming here in $META, if it takes out last week's highs I think it can gain traction and likely do very well during Q1 2023 next. It's been basing and holding up with relative strength vs the broad market, which is a good sign, and also might benefit from a potential TikTok ban, as mostly $META and $SNAP control social networks used by Gen Z for the most part. Just a wild card, but interesting nevertheless.
Best of luck,
Ivan Labrie.
Best of luck,
Ivan Labrie.
Trade active:
Triggered.
Trade closed manually:
Weekly signal triggered now but I am skeptical of it working given overall market action. You could just exit to be safe.
Comment:
Weekly confirmed on close here. Very interesting if it works, could be a long lasting bottom in $META.
Trade closed: target reached:
I suspect this was it for the market rally...Spider sense tingling big time.
I suspect this was it for the market rally...Spider sense tingling big time.
Comment:
Sadly I was wrong and it went another target range higher...
Comment:
Not bad, huh?
