Facebook/META (FB) | Technical Loading Zone!Hi,
Meta Platforms slump has attracted quite a lot of interest. Is it a buy, when to buy, why to buy, do I have to buy at all? :)
"Why to buy?" - you have to do your homework! I can tell you when to start building your positions if you have decided to invest in Meta.
Technically speaking, $170 - $220 is quite a strong area. A lot of criteria match inside the mentioned zone and to me, it looks like quite a decent area to start building your position. Use partial entries because the drop is quite massive (historical - Facebook's owner Meta Platforms saw its stock market value slump by more than $230bn on Thursday, in a record daily loss for a US firm) and the overall market sentiment is pretty much interesting :)
Some criteria:
1. Trendline
2. Strong horizontal area
3. Fibo
4. Round number $200
5. 50% drop from ATH
6. Monthly EMA100
Do your own research and invest carefully!
Regards,
Vaido
FACEBOOK PERFECT BUY ON ENTRY After a 40 percent drop, Facebook has a high propability that it will rise again and attack previous price levels.
The monthly valley is important to us, which we still hold at 224.76 and this is our first buy target at the moment. I expect a strong rebound from the monthly valley and a gradual accumulation phase of the 12345 cycle.
Buy ON: Risk 9/10 229.10
224.76
218.65
TARGETS: 250.32
287.98
303.55
Stoploss - DAILY close below 208.39
REMEMBER THAT THE REWARD FOR CATCHING A FALLING KNIFE IS ALWAYS AN ATTACK OF THE FIRST IMPORTANT VALLEY.
FACEBOOK: Was the crash a good sign or a bad one?On balance I am not optimistic. I think this market will struggle to close the gap.
FB lost $230 billion in one day. The CEO lost $30 billion. I can't even begin to think what that feels like.
In the video I compare the current gap of some 30% with a similar gap of ~20% back in 2018.
This video is for deep thought. There are no predictions here.
Alternative perspectives with reasoning and facts, are most appreciated.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
$FB Bullish Harami Pattern, Potential Reversal to UPSIDE?Bullish Harami is a candlestick chart indicator suggesting that a bearish trend may be coming to an end.
Please note, I do understand this sounds counterintuitive since RSI is 24.64 at this time.
Please let me know your thoughts.
Thanks,
Kelly :)
FACEBOOK: WILL BE ALWAYS A BIG SHARKThink about this: you can connect with your friends with other social, many of it are Facebook's properties.
Many social has only app mobile mode, Facebook and a few other has pc mode.
If you want to use a social on pc you can use Facebook, Twitter, Discord and a few others.
But Facebook has around 2 billion users, the others no.
The point?
If you no longer need a pc, why Apple continue to sell Macbook and iMac?
Obviously you can use pc for many reason, but lost time on social is one of the main ones (like time lost on Youtube).
So, did you scared about this crash?
If yes you don't understood yet how works the stock market.
Buy, don't cry.
Is Face book undervalueLet’s start with fundamentals:
1.Earning for q4 was about 4 % below estimate (33.67 B) but still 20 % higher than same period last year.
2.Totall net income for 2020 was 29.15 B and for 2021(4 quarters) is 39.37 B. Isn’t it wonderful?
And FB is trading at 232$ (is equal to the average price of 2020, but with 34% higher net income.)
And after all FB is heavily investing in metaverse. This investment reduces net income for the current year and it will gain it back in near future.
Now technical:
1.Who bought 181 M of FB shares yesterday and 42 M of shares until 12 PM while the average volume was about 20 M? Yes, big boys
2.look at the chart at weekly period:
The important 200 moving average is touched and since 2016 only was touched 2 times, once in Dec2018 and the second was in March 2020 at the beginning of the pandemic. This moving average is an important support.
3.The volume that has been traded in this week is more than the volume in the peak of covid19 decline.
4.You can see the black line is a very strong support.
5.The CCI level is -385 which is the lowest amount from the IPO
6.The RSI level is 23 which is the lowest amount from the IPO.
All saying that it will see the real value.
Meta Correction Not Close to FinishedConsidering FB/Meta’s steep and recent descent, Bulls are preparing to buy the dip in expectation of long term support being discovered.
Applying the complex science of Elliott Wave Theory to Meta’s all-time price structure, Digital Surf believes that FB will see another stunning drop in the months ahead.
Grab a board. Let’s surf.
(technical analysis/notes removed from chart)
META /FB Unique buy opportunity to double the investment at $480Following the disappointing earnings, the Meta Platforms stock (formerly Facebook FB) saw a decline of more than -25% in a day. This is not the first time that we see the market panic over FB or its earnings in particular. It is interesting to note that the correction from the September 2021 High is around -38.50%, roughly the same as the January - March 2020 correction due to the COVID outbreak. The price almost hit the 1W MA200 (orange trend-line). During the COVID correction, the price dropped even more to the 1W MA300 (red trend-line) and if that takes place this time around as well, then we should be looking at roughly a -45% correction.
The last correction of that magnitude was back in July - December 2018, a disappointing period for FB due to the data scandal, new users decline, security issues and of course disappointing quarterly results. Which is more or less the situation that the company is facing today. As a result, it is easy to understand that FB is familiar with this kind of pressure and all times came out stronger with a Higher High near the next +1.0 Fibonacci extension. So even if we see one last flush to the lower MA period, this seems like a unique buy opportunity for long-term investors. The next Fibonacci extension to fill is Fib 4.0. A target slightly below is $480, which from the current levels represent +100% Return on Investment (ROI) i.e. double the capital.
Would you invest a significant portion of your portfolio now on Meta or wait a while longer? Let me know in the comments section below.
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Uptrend soonJust an analayze.
These days, there is talk of a decline in the value of Facebook . I think , we are at the end of the fourth wave of correction.(the fourth wave correction is likely to be five microwave).
The end of the fourth wave And fifth wave are specified. plaese observe the stoploss.
If the Sl line is broken, we will have an anti-cycle and we have more corection.
Buy The FaceBook Dip Efficient Market Hypothesis - Inefficient market
Yesterday FaceBook plunged 22% in early U.S. trading on the back of poor earnings results, putting it on track to erase about $195 billion. That’s the biggest collapse in market value for any U.S. company.
This isn't the first time FaceBook has set this record. In July 2018, the company's stock plunged 19% after a slowdown in user growth, translating to a $120 billion decline in market capitalization. As you can see from the last time Facebook experienced a decline such as the one we saw yesterday, the stock recovered and exceeded all time highs.
Price could head down to support around the $200 level. However, I have confidence in taking a position here playing for a bounce and holding long term if an upward trend forms. I believe there is a high probability that the market has overacted thus causing an inefficiency and there will be a reversion back to a fair value above current levels.
Mark has big plans for the meta verse and at some point this company will drive momentum back to all time highs.
My trade size and risk will allow a visit to the $200 range.
Good Luck (:
Facebook/Meta Platforms Analysis 03.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Thank you for watching and I will see you tomorrow!