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.
Trade active
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Triggered.
Trade closed manually
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Weekly signal triggered now but I am skeptical of it working given overall market action. You could just exit to be safe.
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Weekly confirmed on close here. Very interesting if it works, could be a long lasting bottom in META.
Trade closed: target reached
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I suspect this was it for the market rally...Spider sense tingling big time.
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Sadly I was wrong and it went another target range higher...
Thank you for your contribution for META. I think we pretty much have the same idea. I intend to buy and take profit at 137.66, where the 50% Fibonacci line is. Please see my analysis at:
IvanLabrie
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@desmondlzw my trade already panned out... nothing to do now. you could try to follow the trend cause it has time left while above the stop area but it's higher risk now that the target was hit.