Get started

Facebook

$META to bounce back to $261?While everyone has now turned bearish on the stock market, I think we should now see a large bounce higher in many stocks. For $Meta specifically, price bounced off of my support line and now looks to be squeezing higher. The first key level price needs to make it over is $180. If we can make it over that level, then I think price will likely test the $219 level as resistance. It'll probably take a couple of tries to break that level, but I see price eventually breaking through it and heading to the $261 level which should be the final resistance before price falls lower. I'm looking at a trade from my entry at $162 up to the $200+ level (ideally up to the $261 resistance). I've added some key pivot points to look for changes in price action. Let's see how it plays out over the coming months.
NASDAQ:METALong
by benjihyam
Meta analysis Long term.Meta is the big bet made by Facebook to corner the market on digital devices hardware currently causing problems for their other business models. The whole effort is a data wolf in sheep's clothing and precisely why they will compete long term with a decentralized metaverse from one of the big web 3 players the sandbox, decentraland, and the other side among possible other competitors in web 3. In short Facebook and its various platforms compete with digital content companies of various backgrounds for the 18-29-year-old audience. They do so with various products such as Video, Messenger, Whatsapp, Groups, Search, Workplace, marketplace, etc. These software services want to collect data to sell to advertisers to predict what an individual will want. This requires knowing more about a person than usually they know. The problem for Facebook (now Meta) is that they don't control the devices this data is generated on. Apple and Google do and they don't take kindly to a data leech on their business model. Since they control hardware decisions Meta is up a creek when decisions like IOS 14 allow you to turn off the data gathering. This is Metas' biggest problem and why oculus is so important. Snapchat challenged Facebook with filters and private messages and expiring messages capturing marketing dollars so facebook built a clone, stories, and Instagram. Tik Tok challenged Facebook on short video stories capturing marketing dollars so Facebook built a clone, reels. The bet is that metaverse interactions through either VR or AR will be the big new thing after short-form video as the primary method of interaction on the internet. Meta wants to not just be ahead of their next competitor and out of cloning and catching up territory but fully into controlling the hardware that is used to interact with such systems. Horizon is their metaverse world which one can access through either oculus or eventual AR equipment through their partnership with Luxottica. This is the pivot to Meta and much like other tech stocks, it has been hammered by the early stages of the current recession. Meta has big hoops to get through such as onboarding a population of users who need new hardware, and their future is rocky due to the past relationships with data from Facebook. The future will see Meta compete with the global decentralized blockchain web 3 metaverses for control of the digital twin infrastructure represented by NFTs controlled by self-sovereign identities or DAOs in a fully digital economy that directs resources of automated systems of production. The problem for Meta, in the opinion of this author, is they only seem aware of the interaction part of the business model for profit. They want data to sell to other companies. Meta doesn't seem to grasp the macro implications for the profit motive of production that a Metaverse enables. astoundingly, they're thinking too small. Centralized Corporations will be most challenged and supplanted by DAOs given enough time in a sufficiently decentralized metaverse. There is a possibility that a subset of DAOs enabled by quadratic voting can capture immensely profitable internet functions of the modern world. In time due to competition on price and thus profit margin, some DAOs will rise to multi-national levels. Some DAOs could become big enough and faceless enough to rend populations from their governments by challenging the interests of power. Government regulation of such DAOs will be difficult if neigh impossible, especially if profit margins of too big to fail entities are to be maintained. In such a world DAOs would hold the keys to data that participants in the DAO contribute. Some subset of such DAOs would for profit sell their data to advertisers in ways voted on by the DAO members. Precursors to this exist already such as Brave and their token BAT. Corporations destabilize government decision-making for their gain in a system designed as their sandbox. This author suspects DAOs as a disrupting force, are a possibility among the larger outcomes of various crypto ecosystems and their synergies in the long term. An exponential change in adoption of crypto more broadly could have that scenario happen sooner rather than later. But on the scale of decades, it's a distinct possibility. For Meta, the question is can you own anything in such a world and sell it to anyone else, including data, or are they just happy to make a profit for now before that transition occurs? Do they play whack-a-mole with crypto project models much like their other competitors Snap and TikTok? Whatever happens it'll be fun to watch zuck and his bucks while we make alien memes for the next few decades at least. All the best, see you on the moon.
NASDAQ:META
by GreatScottTheMoon
2
How to buy meta (Facebook) Hi Traders, Meta also known as Facebook presents us with a Buy opportunity on the four hour timeframe. Looking at this price action we can see that price has created a channel ranging between 172 and 155, Price as strongly broken out of this channel and I now wait for a pullback. I am waiting for price to pull back into 172.5 before sparking my interest in a buy position. Once we get the pullback I will be waiting for price to provide a rejection and show signs of buying pressure before entering. My Target is at $200 per share as this is a point of previous resistance and a psychological price point. I will be looing out for price to reject $189 as this could be a point where we get some sort of Rejection. Be safe and be patient. Renaldo Philander
NASDAQ:METALong
by Tradebudz
1
META: Higher low is a good signal!Meta Short Term - We look to Buy at 164.56 (stop at 150.26) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Further upside is expected although we prefer to set longs at our bespoke support levels at 160.00, resulting in improved risk/reward. Our profit targets will be 200.00 and 210.00 Resistance: 200.00 / 220.00 / 250.00 Support: 160.00 / 140.00 / 120.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:METALong
by VantageMarkets
1
Facebook (Meta) False Breakout SetupHi Traders, New week new opportunities. I am currently looking at Facebook (Meta) for a False Breakout Setup. The most recent price action shows that price has created a resistance at 172.58 which has multiple attempts to break, I do believe that price will break the current resistance and meet with the real untested resistance at 176.0. If this does happen I will then start looking at trading opportunities. Now I don’t really care what happens when price breaks the resistance or how the price may move, All I care about is price break back into the range below 172.58. If this does happen I will be more than happy to start looking at shorts. Looking at higher time frames, This is a simple lower high we need formed for the continuation. I am long term bearish on most Nas100 stocks and I will be looking at the longer term picture or potential shorts to come. Let smash this week. Renaldo Philander
NASDAQ:METAShort
by Tradebudz
$META FACEBOOK Meta Technology Falling Wedge Descending Channel$META FACEBOOK Meta Technology Company Falling Wedge Pattern - Descending Channel - Double Bottom at support with a bullish harami on the 4 hour candle. $META is looking bullish from here on a technical view for a bounce off the bottom trendline. If it breaks out and holds above the channel it has a measured move of $234 target. GAPS are marked in RED. Word on the streets says Mark Zucker is not hiring much and has been bringing the heat in on his current employees hoping to weed out the weakest links. Meta has had some failed crypto related launches and has thick competition in the social media world. Better management and highly talented individuals is exactly what the company will need in order to be first class in the metaverse and live up to the name.
NASDAQ:METALong
by ChaldeaCode
META(FACEBOOK) 1.2.3 time to pump 🚀💣Hello 🐋 Based on the chart after a long time, correction to the downside the price is close to the major support (the previous low and the channel support) ✔️ and now it stands on the 3 position (time for pumping) if the price doesn't break the major support (the previous low) to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
NASDAQ:METALong
by MadWhale
4
META Last chance to reverse their fortunesMeta Holdings (META) has been trading within a Channel Down ever since the huge early February gap down. The stock has failed to recover its lost 1W MA200 (orange trend-line) on the first rebound attempt and since it has been trading far from it as investors along with other known macro-economical parameters (inflation, war, Fed) are gradually losing faith in the company. This is Meta's final attempt to reverse this sharp correction and find buyers as the price is now below the 2.0 Fibonacci extension, which is the level that has supported and kickstarted aggressive rebounds since April 2016. In fact you can see that with the application of the Fibonacci Channel extensions, from the moment Meta (formerly FB) started trading, slight breaks below the 2.0 Fib, have initiated three major rallies of +1 year. If this is the level that saves the day for Meta indeed, investors will still have a Higher Highs trend-line to consider that has rejected the price three times already (red flags) but we will have time to make updates until then. Failure to hold this Support, could mean complete loss of investor confidence and the beginning of the end for the social media giant. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
NASDAQ:META
by TradingShot
2
Meta Platforms (NASDAQ: $FB) COO Resigns & Signals Bullish Move!Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
NASDAQ:METALong
by RedHotStocks
3