META Watching
Updated
Chart has made a Rectangle chart pattern. I like like this pattern bc it's easy to see.
-Meta is has been consolidating between $134.55 and $142 for the past 14 days. It needs to break one of the two to know it's new short term direction/trend.
If META breaks above $142.50, we should see $155.
If META breaks below $134.55, we should see $121.
I have alerts on, ready to go when necessary.
Patience is free (note to self)
-Meta is has been consolidating between $134.55 and $142 for the past 14 days. It needs to break one of the two to know it's new short term direction/trend.
If META breaks above $142.50, we should see $155.
If META breaks below $134.55, we should see $121.
I have alerts on, ready to go when necessary.
Patience is free (note to self)
Note
I may buy a call on this to $140-142, if it holds here at 135.30Trade active
It looks like this is holding under $134.55. I'm pretty sure that this will be downtrending for now. I'm in at $134.60 (NOV 18,2022 PUT)Trade active
1st Target: $121Trade active
Meta is holding below $134.01Trade closed: stop reached
Meta is breaking upward for today. Don't think it'll hold though.Trade active
Confirmation of downside. PUT.Note
Confirmation of downside. PUT for 1st target.Hold for next 30 days.
Trade closed: target reached
Target hit 10/13/2022. Puts printed.
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