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nexxtrade

REVIEW $META

Short
Meta Platforms (NASDAQ:META)  
nexxtrade  
NASDAQ:META   Meta Platforms
Trend Analysis Chart Patterns Technical Indicators smellypipijourney smellypipi momentumstrategy Momentum Oscillators momentumtheory momentumtheoryindicator
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trendanalysis chartpattern indicator smellypipijourney smellypipi momentumstrategy momentumoscillator momentumtheory momentumtheoryindicator
Bearish

Fundamental
- Declining user
- Declining user time on platform due to switching to tiktok
- Funds distributing
- Overvalued

TA
- bearish momentum divergence ( first sign of warning )
- Price broke down 2 years upward trendline / retest / rejected
- Price rebound and rejected 0.5-0.618 strong level = strong trend to the downside
- Strong rejected at major S/R level
- Momentum theory indicator turned red
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