META has rallied since the earnings of late October, but is still in a long-term bearish channel.It has retraced 78.6% of the the gap (down) made the day of its Earnings report.
I can picture the stock rallying to $130, but not much farther, and then being smacked down around mid-to-late December.
Note
I bought one Dec23'22 114p at $2.44 today.Trade closed manually
I got wrecked on that Put (I'm updating this way too late).I think that currently, this is a false breakout from the Bearish channel.
I'm still bearish. I am currently of the mind that the February earnings are going to be TERRIBLE.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.