Meta (Facebook) shares
Investment Thesis
META remains below both its 50- and 200-day MAs in a death-cross downtrend, just rejected on heavy volume at the 50-day MA/prior-swing-high confluence near $593-592, and is underperforming SPY sharply — a short at the current price targets a retest of the $500 round-number level with a stop above the rejection high.
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