$FB $META Trade Idea - Here's a Long Opportunity For Day TradersHi Traders,
Here's what I think for $FB, direct entry is worth it, targets and stoploss are mentioned in the chart.
NFA, DYOR, and good luck.
fb watch on the weekly chart :
bouncing off a strong support level with a decent green candle . the best move will be is to wait and see a confirmation candle to buy .
Is Facebook ready to buy a major gaming stock?Facebook’s transition into Meta Platforms (NASDAQ:FB) and Mark Zuckerberg’s big push into the metaverse — the concept of a shared 3D virtual platform where people can socialize, work, and play — spurred a sector-wide move by tech companies to branch out into other areas like gaming.
The burgeoning gaming industry has transformed into a $198.4 billion sector in 2021, far exceeding the combined market size of the box office and the music industry, according to market research firm Mordor Intelligence.
Meta and VR gaming
Even before Meta announced its push into the metaverse in October 2021, the social media behemoth has built a presence in the gaming market with its acquisition of virtual reality company Oculus in 2014. Meta’s foray into the metaverse would make its Oculus VR headsets more appealing to the market amid strong competition against other VR headsets in the market like HTC’s (TPE:2498) HTC Vive and Sony’s (NYSE:SONY) PlayStation VR.
A sharper focus on gaming would encourage Facebook to double down on its investments in the gaming sector far beyond hardware and building a metaverse. The company, which also owns Instagram and WhatsApp, could soon build an army of tech talents that specialize in gaming.
Meta gobbles up gaming studios
In the months before it rebranded into Meta, Facebook went on an acquisition spree buying small gaming studios. Among its most recent acquisitions in the gaming space are studios Ready at Dawn, Unit 2 Games, VR firm BigBox VR, Downpour Interactive and Sanzaru Games.
However, Meta has yet to spend billions of dollars on a gaming company since its acquisition of Oculus in 2014 for $2 billion, raising the prospect of a potential acquisition of a larger gaming studio similar to recent moves by Sony, Microsoft (NASDAQ:MSFT) and Grand Theft Auto publisher Take-Two Interactive (NASDAQ:TTWO).
Multi-billion gaming deals
Three multi-billion dollar gaming deals welcomed the year in January, starting with Take-Two’s plans to buy mobile video game company Zynga for $12.7 billion, which was thought to be the gaming industry’s biggest acquisition on record until Microsoft announced that it is buying Activision Blizzard (NASDAQ:ATVI), the studio behind the Warcraft, Diablo, Overwatch and Call of Duty franchises, for $68.7 billion in cash.
Microsoft said the deal would make it the world’s third-largest gaming company in terms of revenue behind Tencent (HKG:0700) and Sony. Two weeks later, Sony said it is buying Bungie, the video game developer behind the Destiny and Halo franchises, for $3.6 billion.
Which gaming studio is Facebook eyeing?
With Meta’s intentions to promote the metaverse concept, industry watchers are now waiting for the company’s next big move. Meta will likely look to gobble up a gaming studio with a massive presence in the market such as France’s Ubisoft (OTCMKTS:UBSFY), the developer behind Assassin's Creed and Prince of Persia. Ubisoft CEO Yves Guillemot last month hinted that it is open to offers from companies.
Roblox (NYSE:RBLX), Playtika Holding (NASDAQ:PLTK) and Super League Gaming (NASDAQ:SLGG) are also likely targets if Meta chooses to snap up the bargains on these companies after their shares tumbled to near record lows recently.
In June 2021, Meta bought Unit 2 Games, the studio behind Roblox-like gaming platform Crayta.
FB_(Meta) - Time for a Rebound, strong Bullish move incomingFB
the price is in a downtrend and the Asc. trendline has been acting as a strong support for the price, after reaching the trendline support if price manages to hold above it, I expect the price to move higher..
If price breaks below the ascending trendline, then we may see more downfall..
Trade wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Facebook Ideas To ConsiderFacebook Observations & Ideas:
- Monthly Candle Forming Bullish Pin Bar
- Weekly Candle Has Bull Volume Coming In
- Weekly Candle Formed A Strong Bullish Engulfing
- Daily Candle Formed A Pin Bar Followed Up With 3 Green Soldier Candles & Strong Bull Volume
Bull Ideas:
- Price Can Get Rejected At This Major Resistance Of 217-220 & Retrace back To 207-212 Support & Bounce
- Price Can Break Through 217-220 Resistance & Head For A Leg Up To 235-240 Resistance ( Above 248 We See A Gap Fill)
Bear Idea:
-Price Pulls Back Down To Test 200 Support, If This Level Is Broken, We Could See A Test Of YTD Lows
Any Alternative Ideas?
Facebook owner Meta sued by Australian commission $319 billionThe social media titan said it had cooperated with the Australian Competition and Consumer Commission’s investigation.
Facebook CEO Mark Zuckerberg speaks during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released October 28, 2021. Facebook/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT
Facebook faces $319 billion class-action lawsuit in UK
According to the commission, the ads featured well-known Australians, including former New South Wales premier Mike Baird and businessman Dick Smith.
But the high-profile personalities featured in the ads had never approved or endorsed them, it said.
“Apart from resulting in untold losses to consumers, these ads also damage the reputation of the public figures falsely associated with the ads,” said the commission’s chair, Rod Sims.
“Meta failed to take sufficient steps to stop fake ads featuring public figures, even after those public figures reported to Meta that their name and image were being featured in celebrity endorsement cryptocurrency scam ads,” he said.
The commission said it was aware of one consumer who had lost more than A$650,000 (US$480,000) in one of the scams being falsely advertised as an investment opportunity on Facebook.
META PLATFORMS OVERSOLD CHANNEL REVERSAL BUYMy Stop loss would be below 122.93 if I am buying on a leveraged position for a short time horizon trade.
If I want to take profit at 400, this would give me a 2/1 return on my capital.
A very good place to buy for long term investors with a 25 year time horizon, if you believe Meta Platforms will continue to innovate and do well as a company. I think they will, and look to buy other emerging tech companies to make the metaverse a really cool place.
$FB - Someone Put This Out Of MiseryJust popped in to take a look at Facebook.
Zuckerberg? More like Puckerberg. Because this is an awful look.
Descending triangle is ready to lead to even more losses for this social media giant.
H/S ON GBPNZDGBPNZD, weekly price rejection from a potential DEMAND ZONE. If the week candle close as inside bar any form of indecision candle, it gives a clear view about how seller are fed-up to continue the sell, and a likely retracement to push price further upside to the 0.618 zone of the bearish leg anticipating a potential H/S at 1.9320. with this price complete the pull back of the first leg ABC and a good opportunity to continue further downside to complete the leg CD, making leg AB=CD. am expecting price to push from 1.9320 to 1.9530 with a close stop @ 1.9120, for the pull back. but the main focus should be the leg CD which might extend price to further downside 1.8000 zone.
Facebook ( Meta) Full chart pattern Hi,
This is 2 probably pattern for F.B .
For opening a position wait for trigger
FB long term trade ideaIf I will EVER buy FB that would be at 172$ per share
until then we are super bearish
Worst for investors has yet to be seen The weekly chart for Meta shows a company whose share price has plunged for the past weeks. A first sign that implies the company might keep falling is the fact that the 60% Fibonacci level drawn since Corona to ath has been broken during the recent sell off, meaning that worst for investors is still yet to be seen as we enter into a proven downtrend only now. Not only, but the 21 and 55 MA have death crossed, meaning that the price will likely recover for a short time, like we are doing, and then keep falling. The yellow level shows one of the strongest monthly supports at which we could expect price to hold up of, which will likely not happen. If we break below the yellow support, price will drop fast. Hopefully stopping at the first or second red level. Even though I believe it will keep falling even further.
a well liked stock that is certainly not finished (FB)facebook is making the rounds down to the 200 area, but whats this stock really worth? theres no reasont to think a turn around is happening per se but if we see conditio s that indicate its headed for the vwma i like this thing long.
FB (Meta) - Outlook ✅Let's see how FB (Meta) is behaving.
This is a 1D chart. (Long Term)
Fib retracement levels show that the price has consolidated for a long while in the blue area -$271- (as shown on the chart) and has turned that area into a strong resistance area. This alone can confirm that Facebook needs massive buy volumes to pass that area. For now, any price below that level is possible for consolidations.
Red area:
Our solid resistance level, which requires strong buy volumes for passing
Orange area:
Local resistance area;
Bouncing back from our local support can help us pass this area.
Green area:
For now, this support area can hold the price up.
It hasn't been tested yet, but bouncing back from this level can confirm a bullish market for Meta.
Dark Green area:
Let's say the market is bearish; we can count on this area for solid support in case of more dumps.
Support levels: $114 - $189
Resistance Area: $228 - $271
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing SELL volumes for FB.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that FB is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $200.06
Let me know your ideas.
Good luck.
FB/META under $200 will be a stealIf FB/Meta gets under $200 again in the next week and maintains trend along with hitting support around $194-$192
If you believe in VR and the metaverse, here is your chance because I don't think we see these prices again.
First, you don't want to invest in facebook, for social media. You want to invest in Meta because of data collection.
Facebook built networks and collected data world wide, and I can only imagine what the data they've been collecting on VR will be worth to other companies.
I'd definitely recommend watching Mark Zuckerberg talk about the metaverse on Lex Fridman, if you want to learn more.
Facebook "FB" Stock with projectionNASDAQ:FB
Facebook is giving the best discount for a long-term entry of about 5 years, if it fulfills the promises of the metaverse and apart the world of the metaverse explodes.
Facebook can make all-time highs and could cost $500 USD. A solid company and always wanting to innovate.
META [FACEBOOK], FBSimple Trade , Positional Trade
Hopeful We Can The "Fundamentals " To Push Us UP
With The Met Being Part Of The MetaVerse , That Enough Can Assure Us META We'll Recover
I Will Keep Updating This, But With Technical Analysis We Are Looking To Fill The Imbalance And Retest The Orderblock
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Navigating through a Bear MarketThis is not financial advice
Regression Overall Trend
Lower lows and Lower highs since beginning of November,
Short/Sell when it goes above blue line and Buy/Long below red line. you may also use the red middle line as support/ resistance
Stoploss if it breaks significantly above/below
Ucoming catalyst
US CPI Numbers
FOMC
State of mortgages/housing
Meta Platforms (NASDAQ: $FB) Touching 0.786 Fib Pre-Market! ♾️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.
FB Long Swing | FB | LONG @ 224 - 234 | TP @ 236, 240, 244, 248, 252 | SL @ 200 | PATTERN = MORNING STAR |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.
