Meta
Meta
Meta Platforms, Inc. NASDAQ:META
ContraryTrader
Bearish divergence on the hourly RSI..
Rising wedge here...
Look for price to retest 544 breakout in the coming week or whenever wedge breaks to the down side.
Best short entry IMO is either under 564
Or if price retest wedge resistance again.
As long as price is inside wedge they can keep grinding this higher 570-585
This the sector of Meta
XLC
Chart is identical to meta because meta is the biggest stock in the sector.
Outside weekly bbands and Daily money flow overbought. The sector is ripe for a correction
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