META - On My Shorting Radar
Updated
Meta is looking interesting.
Daily log scale
I think there is a nice shorting opportunity setting up.
I will proceed with caution as this stock is in a strong sector and there is strong upside momentum behind this move. Overhead and underneath gaps will likely fill. My path projection to fill these gaps are illustrated in red.
I have no immediate urgency to short this although as the chart suggests it could set-up very soon.
Will update...stay tuned.
Daily log scale
I think there is a nice shorting opportunity setting up.
I will proceed with caution as this stock is in a strong sector and there is strong upside momentum behind this move. Overhead and underneath gaps will likely fill. My path projection to fill these gaps are illustrated in red.
I have no immediate urgency to short this although as the chart suggests it could set-up very soon.
Will update...stay tuned.
Note
Upon further review of the hourly.... This trade could commence imminently... Note
Updated wave labeling..Note
Are you willing to play these odds? 
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