Technical analysis by chancethepug about Symbol METAX: Sell recommendation (12/3/2024)

MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. 2HR CHART (expect target to hit THIS WEEK) Price at or above top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiked positive Price at or near 3.618 Fibonacci level Target is $586 or channel bottomJust bought METD at $19.31Still holding METD beyond this week. Buying more METD at $18.75. If META $629.78 is the high, then pullback target is about $600.$596 was close enough. Price reached bottom of channel.