Do not chase META; 720 is a potential support zone worth watching.
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Okay, yes, Meta was very very strong and basically we told you guys not to chase Meta up here after the size of the move. Look where the 8day is. But you know what? If you are not in Meta and you took your profits, it's man, Meta is not the easiest name to trade.
This is 7:30. This is a big spot. Where's Meta this morning? Perhaps you could look at Meta for cash flow. Meta is right around it. 728ish. So that's actually that's really where it is actually. you know where this is.
U here's your 8 day. So this is this is a spot if you sold 779 here we are near 7 that's $50 below. So this is one spot. So I would draw this in say hey 720 it's worth a look. I would think some buyers would come there.
I might even trade it there today. Um my history with Meta has not been spectacular. So I've been trying to let it breathe and not chase it. But um I would think that this zone is a decent zone to look at.
A more compelling zone would probably be here into the 686s and let the 21day catch up right there. That would be something if if you think the market's going to be in a better spot in November, which it could be, you know, or later October into 686, what you probably should do is buy the $800 calls and go out to like the second week of November when historically the market's much better.
So, at least risk is premium paid. You're not overtrading and doing all those things.
What this channel has said about $META
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