META BEAR FLAG OTW. Bearish on $META below 137 until 123 unless break AND hold above 143. $VIX is also showing bullish context to comfirm this $META bear flag (failure to go lower) @ Weekly level 137. Would take majority of profit off the table at $128.71 because their may be a pullback to retest around 135.
Metastock
META to $147.35 (Short -10.8%)meta platforms has experienced a strong sell for sometime and rejected the $155 mark 3 times....but still failed to rally up.
Aacording to my resistance at $172 at 61.8 fibo region. i expect meta to short to $147.35 precisely (there can be a possible rejection at $155).
this will be a $17 off this stock!!!
Other way round, if there's a buy clear breakout of my rejection zone then meta will short from $172 to repeat it's two times rejection at that resistance
META - A promising breakdown I was really hoping META could hold the 172 - 173 support which was also a merge of different EMAs but it gapped down much like other stocks today with high volume. the 155 - 158 level has been a great level for me with a target of 170 and it comes from a long term support (from 2019) you can draw on the weekly/monthly chart. Let's check this out in a few days when the RSI cools down a bit more.