♟ META: Perfect Bull Flag Setup While Market Extends

META Forms Tactical Entry Point as Other Tech Leaders Stretch ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

View in browser "Meta presents a compelling tactical opportunity." Nate Bear, Lead Technical Tactician, Monument Traders Alliance The markets are running hot post-election - we're seeing the S&P 500 at +3 ATR and the QQQ knocking on that same door. When we get this extended, it's typically tough for indexes to maintain these elevated levels, especially heading into OPEX week. But here's what's got me excited: While everyone's chasing overextended names like Tesla (+4-5 ATR) and some of the bitcoin names, I've spotted a setup in META that looks absolutely solid. Why META? Building a beautiful bull flag since early October Just tagged both the 8 EMA and 21 EMA (perfect technical support) Sitting in a daily squeeze with momentum shifting higher Not overextended like its big tech peers I've got to tell you, this pattern looks really good. Buy these stocks BEFORE President Trump returns to the Oval Office Source: Wikimedia Commons President Trump's first term set off a massive Stockwave on Wall Street, sending some stocks as high 3,480%... And now thanks to Trump's "Document 20"... One expert predicts a second Stockwave could soon make smart Americans rich. See details on which stocks are poised to surge. Here's what I'm watching: (Click to enlarge) The Setup: Looking to get long around $577 Stop on a daily close under $567 (just below our point of control) Initial target at previous high of $603 Extended targets at $616 and $632 For options traders, I'm eyeing the December 20th $600 calls. They're not going to be cheap options, but we've got 38 days for this setup to work. If you're trading with a larger account, consider the December $570 calls with a .63 delta for a more conservative approach. For my full take, click the image below and watch my video. YOUR ACTION PLAN I'll be looking to accumulate META around these levels and work it up to our targets. Whether you choose to go with shares or options, this setup offers a solid risk/reward in a name that isn't stretched to the upside. Want to see how I trade setups like this in real-time? Click here to join me in my trading room where I break down these opportunities live. TESTIMONIAL TUESDAY "Nate... I took 1000% on SOFI 12 calls for this week. Great start, so sitting quite here after cashing some DECK, DOCS, ROOT and HOOD." - Kavi "FSLR in @ 5.60, out @ $8.38, cool +44.47% in less than an hour! Thank you BB!" - DE "I closed the 1 Shares/Contracts I opened at $2.95 for $5.00. 69% in four days. Thanks Karim!" - Randall L2 INSIGHTS YOU MAY HAVE MISSED Two Monster Election Winners How Strategic Preparation Led to 15 Winning Trades Amid Election Volatility Are We in a Post-Trump Bull Market? MARA: Post-Election Bitcoin Rally Creates Historic Trading Opportunity CHATGPT PREDICTS... Speculative bankruptcy rate of large tech companies: 75% Speculative bankruptcy rate of large healthcare companies: 59% Speculative bankruptcy rate of large financial companies: 69% 3 MONTHS UNTIL THE SINGULARITY Buy This "AI Safety Stock" Follow Us on Instagram! FACEBOOK YOUTUBE   Monument Traders Alliance, LLC   You are receiving this email because you subscribed to Trade of the Day. To unsubscribe from Trade of the Day, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. Forgot your password? Click here to reset it. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 Website | Privacy Policy Keep the emails you value from falling into your spam folder. 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