META rallied to 662 on a technical reversal; current price is a trim zone for tactical traders, not a buy, despite long-term institutional accumulation.

it's funny how stocks wake up all of a sudden, you know, boom, you know, meta, which we'll get into after a year range.

someone's like, "Oh my god, Meta out of nowhere. What could you have seen with Meta?" I'm like, "Well, you know, Meta did do a red dog reversal here." So remember this reversal day where you had an inside range, went below, came back above.

That was one signal that you had a low, a higher low, one more higher low, and then you remember they came out with news and it at first it would kept getting rejected into the 50-day and then it finally took it out and now lo and behold, you're back at 660 and I think it was upgraded today.

So Meta is probably up again today. It's up eight. So out of nowhere, you get this move from 567 to 100 points.

That is why you know these people traders come back to these names and they keep looking for opportunities. It doesn't mean you know you're you're up money if you're an investor from last year or even a trader from last year.

But if you are tactical and you needed a reason to be long right here, this red dog reversal from 686 down gave you a reason. You had your third higher low and uh reclaimed some moving averages and then showed some power and then it even hung here. it held above and then now you're up to there where you need to be trimming.

You cannot be buying Meta today at 662. I don't know if you could fade it, but I'm saying that's that is why some traders go back to these names.

Now, if you look overall, go back to the high of meta. The high of meta was in August. A year ago, it was higher. You know, a year ago, September, it was higher. So, a whole big uh channel of nothing.

But that does show you accumulation of a name over time where I would have to say in a year from now I would think that all the institutional flows that have been accumulating it will make some money but trading has been tough.