Meta (Facebook) is this the bottom?Meta(Facebook): Is this the bottom?
So this is just done on the technical side of the analysis.
So let me give you my personal answer first off I think that when I look at the chart on a technical view this is not yet the bottom.
When We have a look at the zone that is drawn op in the chart in orange we can see that the price did go below that when we got the news of the bad numbers.
We can see that this zone was support and resistance in the past already.
Normally when we reach a zone like that we need to see what the price does here. For my personal experience there are 2 things that can happen now.
Either we get a break of the zone to the top side and we go up after that. We could also see a break and then first a retest of the zone. When it than is unable to go and break the zone we will see a good move up.
The other thing that I see that could happen is that we break the zone to the down side and that we after that could go up back to that zone but after is not able to break that zone. After we got a retest of the zone but not a break of the zone we could see a big pull to the down side. What I think could happen is that we will go down to the next big support that we can see in the chart.
What I think will happen is number 2. We can see that the price is now below the zone and that it already closed 2 times below that zone. It did go up a little today and did touch the zone but as long as the price is not able to close above the zone I see this price going down even more.
The one thing that we do can see now is that the price does seems to be at the 0,618 level of the Fibb.
When we look at the drops that we got in the past we can see that the last time we got a drop after earnings where there was about the same big volume traded was back in 25/06/2018. Then we got bad revenue.
We can see that the first time we got a drop of 21,39%. The total drop off that was 42,75% before we went back up again.
We did went into a bear market for this stock for 150 days. So it did take us a while before we got that.
What we can see now is that the price now already dropped about 26,62%. If now the same thing is going to happen here then we could see a drop even to the price for 185,14. So we could see a bigger drop but like the last time it could take us a while before we get to that level.
All of this data can be viewed by the data that is on the chart in white.
In conclusion:
I think that the price will drop even more now and that we can get this stock at an even better price. For now I will just wait and see what the bottom is that we can get here but for now I am not going to buy this stock.
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$RBLX swing trade*This is not financial advice, so trade at your own risks*
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My team has been watching online video game company Roblox Corp $RBLX for the past couple of months. $RBLX and Facebook $FB are our two favorite Metaverse stocks long term. Gaming and social networking are going to very successful in the metaverse. $RBLX and $FB both seek to be dominate players in the metaverse field, and we for one aren't second-guessing these guys.
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FACEBOOK... ARE WE BUYING THE DIP?!!! 🖳🖳🖳 Hi Traders
Please see the above chart of Meta.
After the most recent media attack on Facebook it reported users deleting and uninstalling the app for competitor TikTok.
This seen Meta lose over $230 billion in its market cap.
Are we worried or are we excited to buy up on this cheap cheap price?
Let me know in the comments below if you are considering adding this to your portfolio.
As always trade safely and dont risk money you cant afford lose.
The Fx Chartist
BULLISH ON FB FOLLOWING THE HUGE DEEPThanks for visiting my trading view idea. I WILL APPRECIATE YOUR LIKES AND CONTRIBUTIONS through comments.
META PLATFORMS (FB) saw a massive deep following her 4th quarter earnings report on 02/02022. This led to the loss of over 22% of FB market cap.
This asset has been trading within a descending channel since early September of 2021. Hence, it has been bearish.
The last peak within the said descending channel was to FIB 23.6 level. There was a massive rally down from this peak down to FIB 61.8 level breaking through both FIB 38.6 & FIB 50 to FIB 61.6 which is currently acting as a support level. This level happens to be sitting on the ascending trendline. Hence, for me, this is a strong Support Level.
I am bullish on FB following this deep drop which has presented an opportunity for me to enter some buy positions.
My TP targets are (TP 1) $255 - $260 and (TP 2P) $285 - $290.
NOTE: there is the possibility of falling further to level $225 - $220. Hence watch out for your STOP LOSS.
Meta next level of support and its future metaverse prospectsCEO Mark Zuckerberg is so committed to shifting the company to the metaverse that he changed the company name to it. This in my opinion is a great play. Anytime anyone in the future mentions metaverse they will immediately link the company Meta to the conversation. Enabling Meta’s future as a metaverse centre. Meta’s Oculus and Horizon virtual reality subsidiaries will likely play a very large role in the metaverse. I suspect Facebooks ad strategy will also play a large role in pushing for advertising revenues streams in the metaverse. This will enable Meta to attract loads of companies who would like to advertise in the metaverse. Zuckerberg has already announced an initial investment of $10 billion into metaverse development. There will be many struggles for Meta in the future and this is a risky play by Zuckerberg. However, I do believe it will pay off significantly. Considering Meta’s stock has recently fallen by almost 30%. This is a very good opportunity to buy.
The two orange lines represent the all-time low and high. The blue line extended to the right is the bottom trendline for the descending triangle. That chart pattern has already broken out in a very successful manner, however the trendlines still can be used for future support and resistance.
I have split up the support regions for the stock into three levels. The first is the blue support line which has been broken. The second is the 200 moving average which has also been broken, however, the price may linger around here for a while so keep an eye out for that. The third last support level is the Fibonacci retracement 0.5 level. That lower level sits at around $200. It extends upwards to $245. The lower level of this 0.5 retracement does also provide past resistance and support so I would see it as a very key support level. However, I do not see the stock falling to that level. So, I see the stock remaining in a sideways movement between $200 -$245 for the next couple of weeks to months. After, I see the stock going above the $245 level by the end of the next year hopefully reaching the near of all-time high. However, watch out for any news on Meta and privacy laws. If there is another issue with Meta and privacy this could hinder its growth and so the bull movement could be restricted.
Facebook and Instagram shut down in EuropeIf you haven`t shorted FB at my first call, at $337, when Ark Invest started to sell it:
or when i warned you about a potential competition threat, at $340:
Then you need to know that Meta might have to shut down Facebook and Instagram in Europe, because it could soon find itself unable to transfer data between the US and Europe and so opt to no longer operate in Europe.
The issue are the new regulations on how data can be transferred or processed between different countries and regions.
I`m looking at a speculative buy under $200 level.
Looking forward to read your opinion about it.
The wild divergence within NAS100, who will play catch-up?Ever since Q4 2021, and most notably over the last several weeks, a gap has been exponentially growing between some of NAS100's pandemic high-flyers.
The below chart reflects the current big 6 (Apple+Microsoft+Amazon+Google+Tesla+NVIDIA) who weigh over 45% of the entire index. They currently trade 14.3% below their ATH's which is an improvement from the 23+ percent decline by January 24.
This chart here reflects some of the most popular during the last 2 years, particularly ones that have been badly punished recently and they include (Facebook+Neflix+PayPal+Moderna+Zoom+Baidu). They obviously carry nowhere near the same weight but can be considered a good gauge for market sentiment. The only big difference here is that they cumulatively trade 45.8% lower than their ATH's with no recovery in-sight just yet. There are others that show the same patterns such as DocuSign, MercadoLibre, Lucid, etc.
The big question I'm asking now, and one that I'm happy to hear your answers for, is who do you think will play catch-up over the next few months? Will the mega-cap with strong fundamentals and guidance continue to uplift the index on their own or will they start retreating further alongside the others? Will the combo of over beaten-down stocks start to find their foot soon and add further breadth to a wider index rally or will they continue to fall to pre-pandemic levels and beyond whilst hitting the breaks on any chance of broader tech-weighted market recovery?
Facebook FB - How low can it go?Facebook's price has fallen off a cliff and attempting to buy a falling knife dropping this fast is dangerous.
In the past, FB has responded well to the 200 week moving average (white moving average) although it tends to fall below it 10-16%.
All time frames are certainly bearish, but if history is any indicator, FB may be nearing a bottom. Regardless, it's best to wait for a bottom pattern to form on the 4hr or daily time frame before attempting to go long.
In this analysis, I simply wanted to mark where a bottom could form which is anywhere from now to 10-16% below the 200 week moving average.
META PLATFORMS, INC (FB) AnalysisMETA is in a bearish momentum since its last top reached on August 2021, the price was heavily rejected by 40.31%.
History shows that META's most significant drops range between 14.48% - 44.01%, which fits the current situation where we reject the price by 40.31%.
Moreover, price just reached critical support and dropped back by price 2 years back BUT we have to keep in mind that there is a strong trendline followed by 9 years of price action and we can definitely see a continuation to the downside to test the trendline.
The general outlook of META is to the upside since the upcoming META platform and new updates are yet to come.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
"Facebook can't go lower"Last Thursday at lunch when I checked my phone I had 3 messages from people asking me if I was buying Facebook. Across my social media I saw much of the same chatter, "Facebook can't go lower."
Be careful saying things like that.
The reality is the price of Facebook NASDAQ:FB has broken key Weekly Supports and could likely continue down to find new ones. I would also highly recommend against trying to buy Calls (especially short dated) because the Implied Volatility remains elevated (over 97% IV Percentile) meaning options will likely slowly crush in value.
Broadly the market is up today across growth and tech... and Facebook is not. Trade wisely.
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.