META could fall from ATH SHORT

2024년 3월 21일

META on the weekly chart is at the ATH which is as a consequence at the third upper VWAP line.

The RSI indicator shows the faster line crossing under the slower line. The relative trend

index has topped out. Both represent bearish divergence. META makes its money with

advertising dollars for revenue. There are increasing challengers to split revenues that could

go down if a recession happens. Other headwinds are the federal regulatory blaming META

for issues such as foreign interference in our elections, or child molestors floating on

the platform without adequate protections for minor or collusion in a monopoly with other

high flying targets. I find this to be a good juncture to take a short trade in META on a swing

looking for it to last until the next earnings period.

2024년 3월 25일

액티브 트레이드

Sideways without momentum. Holding and watching.