Power Plays Update: Exit META
February 9, 2023
By Scott Redler
Meta Platforms (META) has broken into the $178 to $180 danger zone, so it's time to close it out from Power Plays.
I don't like taking losses, but there is potential for more downside.
The market started the year like a rocket, but if the trend is really breaking, I don't want to wake up tomorrow and see META down another $5 or $10.
So the smart move is to step aside here.
Scott Redler Positions Disclosure as of 2023-02-09 at 3.03.54 PM