Meta Platforms, Inc.
Short
Aktualisiert

Meta - The major triangle rejection!

3 738
💡Meta (META) will reverse soon:
Snapshot

🔎Analysis summary:
Just a couple of months ago we witnessed a textbook all time high break and retest on Meta. This retest was followed by a major rejection higher and the second retest of the triangle resistance trendline. Therefore, Meta is very likely to create another rejection.

📝Levels to watch:
$750 and $500

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade ist aktiv
💡Meta (META) drops right now:
Snapshot

🔎Analysis summary:
Tomorrow we once again have earnings coming out on Meta. Quite likely that this will just be another catalyst for the underlying triangle rejection. Since Meta is also about to create bearish confirmation, earnings tomorrow will have a major impact.

📝Levels to watch:
$750 and $500

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade geschlossen: Ziel wurde erreicht
💡Meta (META) will just head lower:
Snapshot

🔎Analysis summary:
Just a couple of days after publishing the original analysis, Meta already corrected about -20%. Now this does not mean, that Meta will crash immediately, but the trend is clearly shifting bearish. I am personally expecting another move lower of about -20%.

📝Levels to watch:
$500

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

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