META Screaming CAUTION!

27 mar

The hardest thing is to call a short in a recession-proof stock, especially in the tech space. However, only so many dollars are available in the advertisement space, and it can't go up forever. Make this excuse at any price.

As such, I rely on the chart screaming CAUTION!

Again like most of my trade setups, this is a simple trade.

Bulls should take their profits and smile.
Bears short as high as possible with the internet to short more should it form a double top.

The chart has spoken. Like it or not.

Remember I am a macro trader so don't expect tomorrow to play out. My trades take time but have much bigger moves. ;)

3 apr

Trade attivo

As I expected, the price in META continues to fall.
I see no reason why it won't continue to drop over time.

21 apr

Trade chiuso: obiettivo raggiunto

Again, TradingView forces me into "Target reached." This is not good for me as a Macro Trader. I will repost this chart. SIGH!

New Lows made. Expect lower prices. Even if there is a backfill, don't get trapped long.