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...
Low risk trade here, check out how the hourly, daily and weekly time-frames interact, giving a lot of upside room with very limited downside risk here.
Best of luck!
Cheers,
Ivan Labrie.
Documenting this one, seems like we have a nice uptrend setup in $SPY, until February, as long as the market holds over Oct 26th's RTH low roughly.
Best of luck!
Cheers,
Ivan Labrie.
Brief look at EV names here, I like the setups across the board and specially like the low correlation to $QQQ as of late, and relative strength of China in particular.
Best of luck!
Cheers,
Ivan Labrie.
