Chart has made a Rectangle chart pattern. I like like this pattern bc it's easy to see. -Meta is has been consolidating between $134.55 and $142 for the past 14 days. It needs to break one of the two to know it's new short term direction/trend.
If META breaks above $142.50, we should see $155. If META breaks below $134.55, we should see $121.
I have alerts on, ready to go when necessary. Patience is free (note to self)
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I may buy a call on this to $140-142, if it holds here at 135.30
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It looks like this is holding under $134.55. I'm pretty sure that this will be downtrending for now. I'm in at $134.60 (NOV 18,2022 PUT)
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1st Target: $121
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Meta is holding below $134.01
Trade closed: stop reached
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Meta is breaking upward for today. Don't think it'll hold though.
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Confirmation of downside. PUT.
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Confirmation of downside. PUT for 1st target. Hold for next 30 days.