Mar. 29 at 3:35 PM
📌 There’s no way to sugar coat this.
$META is having its difficulties recently. Most glaring are its legal problems. Less obvious is earnings. Both will get fixed and the company will get back on track. The only question is when. And for most traders, that’s the real question. Meta is looking for a bottom and I think it’ll find one in the box identified on the chart below. And when it dies I believe it’ll reverse higher and head for a price target of
$675, which is far short of most analysts who expect it to top out at
$860. Based on everything outlined here, I’m seriously looking at selling the
$FBL Puts and buying the FBL shares at some point. And since we’re already back inside that box, a trade entry can’t be far away.
