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Short

$META Short

By Cash_Noir30
Updated
META Short idea.

Relative weakness & a breakdown sell off since last Friday (Nov. 15th)

Break through 550 for a sell off to the first support area around 544 to 542. Or a rejection of the upside level which is around 562. The 50 day EMA @ 563.98 and 9 day EMA @ 567.37 will act as a resistance before a support level.

Not Financial Advice
Trade active
A rejection of the levels and EMAs above seems to be happening. Another confirmation to check for will be the crossover of the EMAs downward. 9 day EMA crossing the 50 day EMA. Provides additional support that the selling pressure may continue.

However, considering the whirlwinds that come from the Ukraine & Russia war. NVDA earnings were stellar and continue to beat even though expectations are always sky high. Dip buyers can certainly present themselves in these opportunities in anticipation of an end of year rally.
Chart PatternsTechnical Indicators
Cash_Noir30

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