META is not a preferred stock; it faces technical resistance and has not yet demonstrated a confirmed recovery from its downtrend.

Let's Let's look at Meta. We'll just see what that one's doing cuz So, we are coming off of that 520 uh level much better now. Uh since we we spent a good majority of August trying to move away from that, but uh we're now managing our way uh the price managing its way through the 50 uh day SMA.

And you still have a bunch of moving averages to the upside. It's going to provide resistance. Uh the 200, the 500. Uh then there's also apparently a spot up in the 680s that looks like it's also been providing some resistance for uh pretty much a good portion of this year.

So there's still some upside resistance and uh I'm not sure that we're necessarily in recovery mode just yet. There is a a downtrend that we're still in uh coming off the highs.

Uh there's still concern about their capex and their employee compensation. uh it's one of the reasons why they they had a less favorable uh earnings report.

So I'm thinking that uh even though this this recapture of the uh 50-day SMA is is going to be good, we need to hold that level. Uh but I think the bigger challenge is going to be getting above those other two moving averages which we have not spent a lot of time above this year.

Uh you do have a little bit of a gap fill coming uh that was created back from in July from the 22nd to the 23rd. Uh but I don't know that I'd really get too excited about that.

It's not a very big gap fill. It's like oh gosh what is it like maybe 10 12 bucks.

Um but I think the big uh the bigger thing to focus on here is holding above that 50-day SMA. Ever since that was lost, when we created that gap fill I just mentioned, it has been a struggle for the price to get back above that.

So, I think that's where I'd be focused right now is uh watching to ensure that that uh that 50-day SMA holds up. I think if you lose that, it's it's we're going to probably come back in towards the 520 level.

So, that's kind of where I be at with Meta. It's it's not my favorite MAG 7 right now. uh probably will never be, but um it's looking like it's still trying to recover and we just need to see some additional signs that it is still in recovery mode and I think closing, you know, multiple days above the 50-day SMA is that sign we need to see.