HALF short. Four down days on rising volume — 2.05x, 1.59x, 2.49x — never reclaimed the open, closed 11% of range on the $97.5B offering. Puts under 619.21 or on a failed gap-up at 628. Stand down over 628.46.
META — distribution on 2.49x volume
Four down days on rising volume, closed 11% of range, -20.5% from high
Prior-day high 628.46 / low 619.21.
META — Prior-Day High/Low
PDH 628.46 / PDL 619.21 (watching for a break-and-retest of either level)
Decisive close under 627 — trend confirmed. 620.19 on 2.49x vol; 50d slope +7.71 to -6.22 and the 200d slope at 649.15 rolled +3.44 to -0.08. Don't sell the hole; puts into 650-670, dead 690.
META — the 200-day slope rolled negative; the break I named
Closed 620.19 on 2.49x volume. 50d 674.66 slope +7.71 to -6.22; 200d 649.15 slope +3.44 to -0.08.
Heaviest relative tape on the board at 2.67x into a $97.5B equity raise, closed 620.19 at a new 20-day low, up/down volume 0.39, under all three EMAs. Short; out above EMA10 670.29.
META — offering supply, distribution on 2.67x
620.19, -1.64%, 51.7M vs 19.4M avg, up/down volume 0.39
Ten straight lower closes, 762.50 to 620.19, new 20d low 619.21 on 2.49x volume while the tape ran +2%. Real dilution and FCF overhang. But RSI2 0.9 at 11% of range is the hole — fade 640-650, stop 656, T1 630, T2 620. Quarter size.
META — ten straight down closes, new low on 2.49x volume while the tape ran +2%
Close 620.19 (-1.64%), RSI2 0.9, 11% of range, new 20d low on 2.49x vol. 7% below the ema9. Fade 640-650, never the hole.
Full-size put. Below 20/50/200, -20.5% off high, 2.67x volume, 50-EMA rolled -0.91% after the $97.5B offering. Invalidate >649.15, add <619.21.
META — the break, post-dilution
-20.5% from the high. Below 20/50/200. The $97.5B offering is behind it.
Prior-day high 628.46 / low 619.21.
META — Prior-Day High/Low
PDH 628.46 / PDL 619.21 (watching for a break-and-retest of either level)
2 confirmed key-level zone(s) near 620.12: [711.68-715.29], [738.91-746.70].
META — Confirmed Key-Level Zones
2 cross-timeframe-confirmed zone(s) near 620.12
2 confirmed key-level zone(s) near 620.12: [711.68-715.29], [738.91-746.70].
META — Confirmed Key-Level Zones
2 cross-timeframe-confirmed zone(s) near 620.12