Another stock we are watching for a possible swing long entry is META stock. The META ETF tracks the stocks of companies that are involved in the technology behind the upcoming Metaverse.
The META ETFs largest holdings are: NTDA, RBLX, MSFT, FB, U, AMZN, 700 HK, AAPL, TSM, QCOM, ADSK, SE, SNAP, MTTR, and INTC.
With the negative MACD and money flow, technically speaking it’s too early to take a long entry in the META stock ETF as of December 5, 2021.
In both META and ARKK, we would expect a Santa Claus rally to be a short-term buy signal but the Santa rally is probably another week or so out.