Possible false breakout in
META
.It is not quite in place because the price is not below the top price from summer. But if we get there below the dotted line on my graph we have a false breakout in Meta.
3 reasons why:
RSI Divergence
MACD Lines Divergence
MACD Histogram Divergence. Even though is not a pure divergence yet, we can compare the power of the bulls in summer with the power of the bulls now. Not a great sight!
What stock caught your eyes? Please leave a comment below and I will take a look next time.
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes and does not serve as financial advice.