The market has been full of volatility lately.
We’ve seen some pops but we’ve also seen huge drops the likes of which we haven’t seen in quite a while.
And those drops have pushed some flying Magnificent 7 stocks back down into more reasonable entry levels.
While we could see these big winning stocks fall even more, META is actually looking like it might approach a new breakout level.
Here’s the chart:
META hasn’t fallen as much as many other popular stocks, and we’re always interested in the stocks that hold up the best during downturns.
A break above $531.30 could lead to another big run.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
Nate’s Urgent State of the Market Briefing…
If you’re in the ProsperityPub Telegram, you probably saw this morning that Nate took over MY home office for his State-of-the-Market briefing…
But after yesterday’s chaos, I wanted to make sure he had the best setup to get this to you.
Catch the replay now to see his five big predictions for the market, his plans for the future, and how you can join HIM inside Tucci Trading HQ!
