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ContraryTrader
Apr 17, 2024 1:35 AM

Meta Long

Meta Platforms, Inc.NASDAQ

Description



Earnings mid next week..

Sitting here on support of channel from last earnings gap up.

Over next few days i expect Meta to rebound to atleast 510.. a break over 510 and or that minor channel (White lines) and meta heads back to 520..

Long term i think this stock is headed for a major correction
Bearish divergence On RSI has been playing out for last 2 months.. Bearish divergence is just a Condition, You a need a trigger for the sell and earnings just may do it !



Long to 510 , over 512 and it heads to 520...
Comments
Aspeers
I was thinking this too. Seems like weak signals for a reversal but this downtrend really does have some zest
dailyforex_1
bull
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