FB META Levels for a Bounce Currently Sitting at the 0.618 FIB support for the moment but I can see more potential
downside in the coming weeks/months.
Most likely that will be complete around the .886 fib which has confluence with fixed range pull and
the range before Covid 2020 selloff.
Correcting back to those old ranges before the Covid Selloff 2020 makes sense after 180 % gains
regardless of the event that gets us there its a healthy market correction and needed.
If we hold where we are then i think its possible to range inside of the Unofficial red channel
but eventually find our way down to the said levels .
Investors Lost Much Dough 🍞 On Meta Platforms (NASDAQ: $FB)!Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. It operates in two segments, Family of Apps and Facebook Reality Labs. The Family of Apps segment's products include Facebook, which enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way, as well as other services. The Facebook Reality Labs segment provides augmented and virtual reality related consumer 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 founded in 2004 and is headquartered in Menlo Park, California.
$FB enter the metaverse*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team will dive into Meta Platforms $FB formally known as Facebook. Its stock price began declining September 14, 2021 when the company experienced scrutiny concerning unethical practices. Another company that has received similar treatment in the past is Google $GOOGL...they are now at all-time highs.
$FB recently began what looks to be a reversal on October 28, 2021 when the company announced a change in their name from Facebook to Meta Platforms. They stated “Our company’s vision is to help bring the metaverse to life, so we are changing our name to reflect our commitment to this future.” Price has since increased from $308.11 to $345.30.
My team holds no positions currently, but we plan to begin accumulating shares tomorrow morning. $FB share price may experience a temporary boost due to hype before earnings. If this occurs, my team will more than likely sell our shares before the release of earnings. Our reason behind this is that we think $FB earnings will not reflect a hyped up share price. The metaverse still needs time to mature before $FB can see any substantial growth from it.
Earnings are expected to be released January 23, 2022, but this date is subject to change.
Entry point: $345
Take profit 1: $420
Take profit 2: $460
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FB Meta Platforms: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Met Platforms, Inc. (FB).
The chart is self-explanatory. Price has strong S/R areas noted in the chart. There was a recent 1D chart Death Cross last month that should have given an indication that price movement was coming soon. With the traditional markets and the economy a concern, there may still be more downside to go.
Included in the chart: Trend line, Support and Resistance Lines, RSI , MFI, MACD, Rising Wedge Pattern, Death Cross, Simple Moving Average, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
XAUUSD 6H TA : 02.03.22 :Bear or What ?Well, exactly as i expected, the price was able to consolidate above $ 1800, and after that, exactly according to the previous analysis , it reached to $ 1808 , and from that PRZ it was rejected twice and now it felt more than 210 pips, now the price is starting the second impulse bearish wave , and if it closes below $ 1779, i expect it to fall to lower levels whivh is $ 1770, $ 1766 and even $ 1754 .
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 03.Feb.22
⚠️(DYOR)
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DWAC Trump Media & Technology Group to rival Twitter & FacebookBesides the Ideological Investing as a strong push back against the “liberal media consortium” that banned President Trump, Twitter and Facebook retraced from their highs while DWAC was rising.
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
TRUTH Social will be a competitor to Twitter and Facebook .
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter / Facebook platform?
Don`t know if you have seen my comparison here:
or my first call on DWAC:
Looking forward to read your opinion about it!
FB Could the Meta Platforms sell-off be anticipated??Sure, if you followed my signal when ARK Invest started to sell the FB shares:
Or when they started to have competitors:
Q4 earnings below expectations:
Earnings per share: $3.67 vs $3.84 expected
Revenue: $33.67 billion vs $33.4 billion expected
Daily Active Users (DAUs): 1.93 billion vs 1.95 billion expected
Revenue in Q1 expected to be between $27 billion and $29 billion vs $30 billion analysts expectations.
My buy area is around $240.
Looking forward to read your opinion about it.
Buying the FaceBook dipI will take the bet on FaceBook longterm and It’s a gamble as anything is but I don’t see them going anywhere. I don’t have great knowledge that isn’t already known but I know I use some of their products. In fact, almost everyone I know uses something they own..
I also am using a fib extension to predict a future target but also that this sell off may be all in the technical cards.. I’m zooming out and buying the dip.
Not financial advice.
Happy trading..
Facebook/Meta Platforms Analysis 31.01.2022Hello Traders,
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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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KEY Levels Reached: Four Tech Stocks To Watch!
Hello,Traders!
We can see from the charts above that
AMAZON, NVIDIA, NETFLIX and FACEBOOK
All fell sharply and have reached strong key support levels
Or even the support clusters as in the case with NFLX and NVDA
So I will be watching these ones closely next week
Becasue IF these levels get broken, then these stocks
Will fall even further down and drag the main indecies with them
However, IF we see pullbacks and reversal patterns
We might be looking to enter into the long positions
From good levels with good discounts!
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Facebook/Meta Platforms Analysis 17.01.2022Hello 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.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!