IvanLabrie

$META: interesting long setup

Long
IvanLabrie Aggiornato   
NASDAQ:META   Meta Platforms
Very nice setup forming here in $META, if it takes out last week's highs I think it can gain traction and likely do very well during Q1 2023 next. It's been basing and holding up with relative strength vs the broad market, which is a good sign, and also might benefit from a potential TikTok ban, as mostly $META and $SNAP control social networks used by Gen Z for the most part. Just a wild card, but interesting nevertheless.

Best of luck,

Ivan Labrie.
Trade attivo:
Triggered.
Trade chiuso manualmente:
Weekly signal triggered now but I am skeptical of it working given overall market action. You could just exit to be safe.
Commento:
Weekly confirmed on close here. Very interesting if it works, could be a long lasting bottom in $META.
Trade chiuso: obiettivo raggiunto:

I suspect this was it for the market rally...Spider sense tingling big time.
Commento:
Sadly I was wrong and it went another target range higher...
Commento:
Not bad, huh?


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