META has setup rather bearishMETA had a pretty good breakdown on it earnings and has retested nicely. Breaching below the 100-MA and has a rather large air pocket to the 200-MA. Plenty of good spots to put a stop loss.
Metabearish
$META going for reversal?META is getting beaten down ever since the market pulls back from its ATH. Besides the whole market going lower, META also missed its earnings and highly criticize with their privacy security of their social media empire.
in my technical perspective $META still very bearish on 4hr chart and the daily. META is the only tech stock that sitting just right above the moving average at 1hr chart.
Below is my price level for possible entry and exit.
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For calls; buy above $164.54 and sell at 166.46 or above
For puts, buy below 161.91 and sell at 160.78 or below
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