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| Keep an eye on overbought shares of Meta Platforms (SYM: META). Struggling at triple top resistance dating back to April, it has a history of pulling back from this level. It's also over-extended on RSI, MACD and Williams' %R and could easily pull back to at least $480, near-term. Longer-term, META could push aggressively higher. But near-term, it's long overdue for a healthy pullback based on technical pivot points.
At this point, investors can either short the META stock, or buy a put option to capitalize on the potential for further pullbacks in the name. Did you miss yesterday's Chart of the Day? Click here to view it now. | DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264 Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis.
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