$META: interesting long setup
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.
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...Note
Not bad, huh?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.