META: Earnings and Technicals
META jumped up to as high as 527 after earnings and quickly rejected resistance from April's highs. There are three things I am looking at with META stock. 1) the gap at 476 that will need to be filled and the gap at 392. 2) the fact that we could be in wave 3 down on the SPY which will cause a chain reaction throughout the market 3) The 1.618 Fibonacci retracement is set to around the area of the 392 gap that still needs to be filled.
I believe once this falls, it'll be one of the biggest gainers for PUT buyers.
PT1 474 and PT2 is 456
I believe once this falls, it'll be one of the biggest gainers for PUT buyers.
PT1 474 and PT2 is 456
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