Today, META offered at least three good risk-reward intraday opportunities (0.50-1.20%) using the VWAP (orange line) and a 2-minute chart timeframe.
The first opportunity was a large candlestick pattern following a consolidation period above the VWAP. The second was a refusal to cross the VWAP, while the third involved a recovery above the VWAP and subsequent consolidation.
META had this catalyst today: “Meta Platforms plans to reduce its team size by approximately 10,000 people.” Job cuts are often a positive catalyst for stocks.
