META daily channel is getting tight.

21. Aug.

META daily chart shows consolidation and has a lot of room to supply above recent highs, should the daily 5 SMA confirm to the upside. Watching closely to see which way this consolidation resolves, as there are always a million opinions, but only one confirmation.

21. Aug.

Trade ist aktiv

META confirmed the channel to the upside. I am long and looking to scale out of my runners into the recent highs from 8/15.

21. Aug.

Trade geschlossen: Ziel wurde erreicht

META reached the target of the 8/15 highs and the trade was closed. These highs will be an area of interest for a new potential trade to the upside in the coming days.