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
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.
Note
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.
Note
Sadly I was wrong and it went another target range higher...
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