$META
Balls on the line, bold predictions that you won't get anywhere else.
Overzealous with the capex, declining user numbers and a global financial meltdown. But before any of that, we head to $1k!
Let the balance sheet bros come at me!
$MSFT and everybody who bought the April rip is now sitting at breakeven... or worse.
Look at this. We ran from $370 all the way to $466 by the start of June, then gave the entire move back in two weeks. Closed last week at $379. That's a full round trip. Every dollar of that rally gone.
And now we're sitting right on the line that decides everything. $373. That green level is the must hold. It was last week's low and it lines up with where buyers stepped in back in March. Lose it on a weekly close and there's not much underneath... $356 is the next shelf, then $345 if that cracks.
Momentum isn't helping the bulls here either. Weekly RSI is at 39, under 40 and rolling below its own average. Not oversold yet, just weak. When a name this big loses its uptrend and momentum fades at the same time, you respect it.
So what flips it? Get back above $420 (wink) and reclaim that broken congestion zone and the bleeding stops. Above there I start believing in a real bounce back toward $450. But that $466 rejection high? That's the wall. Until we're back through it this is still a stock in a downtrend, full stop.
Here's how I'm playing it. I want nothing to do with the middle. Holding $373 with a reclaim of $420, I'm interested long. Losing $373 weekly, I'm looking down at $356 and staying patient. Anything in between is just noise designed to shake you out of both sides.
Big tech doesn't get a free pass just because it's big. The chart is the chart.
NFA
There is a big difference between a bounce and a reversal
Relief bounces typically catch retail out because they believe the bottom is in (before the price goes lower)
However, the start of a new impulse wave count confirms the reversalโฆwhich usually means a new all time high will come next.
You need to know the difference
God-tier trolling.
๐
At the stand of the Ukrainian company Fire Point at Eurosatory 2026 in Paris, footage of today's FP-1 and FP-2 drone strikes on the Moscow oil refinery is being displayed
๐บ๐ฆ๐ช๐๐ท๐บโ ๏ธ
These footage clearly show that it was Russian air defense that blew the lid off a tank at the Moscow oil refinery.
Hit your own harder so the enemy gets scared? ๐
@MichaelWigginsO@winnythetrue True that. But then it means it is an active trading market aka you close at profits and avoid losing positions at all cost with tight stop losses.
If to hold then I think will need to monitor the support lines and its confirmations.