FB - Corrective wave on Weekly TFThis impulsive wave on weekly time frame for almost 4 years, started on 2018 of December, requires a price correction base on Elliott wave theory.
The 38.20% to 50% and up to 61.80% Fibonacci retracement of the impulsive wave is my expected drop of price, together with the 200MA pointing upward that will serve as support level.
Supporting this idea Death Cross sign on daily time frame is below.
* Death Cross
Facebook : Ongoing & upcoming trade(s)If you found a stock that you are so convinced that is so financially sound, currently undervalued, has a strong MOAT and very unlikely to be bankrupt in the near future then one of the fun but risky but very high rewarding strategy is to buy it's share price decline or I like to call it "correction"
Why 7% correction? I found that the average minimum correction that Facebook stock have and followed by a rally after rounding it up is 7%. A correction more than that does happen and it results in a rally after a correction. Yes this is very risky and you can say very dangerous. Do your due dilligence, establish if the stock you are evaluating fits the criteria that I mentioned above.. and stick to it until fundamentally doesn't make any sense
Buying the dip/fall ofcourse is not my only trading strategy. I do have a trend following/momentum based strategy. A TSI crossover gives a warning that a buy is soon to happen.. a break of the filter line and/or price structure, will prompt me to buy the shares. Currently I am in a +ve and no exit signal have been triggered yet
Price structure have formed (when a rally stops and followed by a bearish candle) and that is time for me to measure 7%, 10% and so on where I put limit orders.
Facebook - What is going to happen?-Will the tech crash after today's FED meeting or are we going to actually see a rise?
-Well, as much as we want to see that rise soon, realistically speaking, we need to find a good ground first. We see a potential drop to S2 and even S3 before FB can rise back to the top with confidence. The recovery will be super short due to the tremendous attention to the tech sector this year.
-Demonstrated on the chart are 2 possible outcomes from this meeting.
1) 1st outcome is the positive one where FB is not getting affected negatively.
2) 2nd outcome is the negative one, where FB falls to S2 and S3 seeking the next support.
Meta Platforms | Fundamental AnalysisMeta Platforms, formerly known as Facebook, has been getting a lot of attention lately, primarily because of the reasons that led to the name change. The company has stressed that it will actively invest to become a leader in the metaverse. The move has divided investors into two camps.
On the one hand, the move to the metaverse expands the overall addressable market, which could provide revenue growth for more than a decade. On the other hand, some investors worry about the resources of time and capital that Meta Platforms can devote to a project with uncertain results. Nevertheless, the company's core business, social media, is experiencing steady user and revenue growth on a huge scale. Let's try to better understand Meta Platforms' business and determine if the stock is worth buying, selling, or holding in 2022.
As you know, Meta Platforms' business is fueled by its family of social media apps, including Facebook, Instagram, and WhatsApp. These three apps bring together 2.8 million daily active users. More than a quarter of the world's population logs into one of Meta's apps every day. That's impressive and quite appealing if you're a marketer.
Meta apps are free to connect and use; the company makes money by showing its users ads. Of course, marketers are willing to pay more if their ads can be delivered to more people. What makes Meta's user base even more attractive to advertisers is that people are willing to reveal information about themselves, such as age, marital status, favorite movie, etc. Marketers can use all this information to target ads more effectively.
Improving efficiency increases the return on investment that markets get from advertising spending. For example, if a person reports that their favorite movie is "The Avengers," that's probably the perfect candidate to send out an ad for "Eternals," which is coming out in theaters right now. And as long as marketers see a good return on their investment in advertising in the Meta family of apps, they'll keep spending money.
And indeed, they do. Almost all of Meta's revenue comes from advertising, and the company's annual revenue has grown 45.8 percent over the past decade. Meta's social media business is doing pretty well, although revenue growth has slowed for four years in a row. This may be one of the reasons that prompted the company to announce an aggressive investment in creating a metaverse.
To help quantify the investments Meta will make in creating a meta-universe, the company is creating a new Facebook Reality Labs (FRL) reporting segment. CFO Dave Wehner said this segment will impact the company's $10 billion in operating income in the fiscal year 2021 and even more in subsequent years. The costs will certainly be high, but the rewards may be worth it, as CEO Mark Zuckerberg aims to have 1 billion users in the metaverse in about a decade.
Meta Platforms has a great business, and with its investment in the meta-universe, there is the potential for revenue growth over the next decade. The company's stock is also not expensive. On the contrary, trading at a price to free cash flow ratio of 26.5, they are near the bottom of their range for the past five years. The same can be said for the price-to-earnings ratio, which is 23.5. Great prospects right now, huge potential over the long term, and an inexpensive price point that makes Meta Platforms stock a buy for 2022.
FB Meta Platforms: Upside PotentialHello friends, today you can review the technical analysis on a 1D linear scale chart for Meta Platforms, Inc. (FB).
1) The price is currently in a Double Bottom Pattern with the potential of coming to a breakout area.
2) If price breaks out of the Double Bottom Pattern, it would move back inside a Parallel Channel it has been respecting since February 2020. It fell out of the channel in early October 2021 and has tried to regain access back into the channel.
3) The Volume is consistent.
4) The RSI (relative strength index) has a resistance line which the RSI is coming close to.
5) If price reaches the Double Bottom Pattern target, it would be a 20% upside move.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
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
FaceBook (Meta) Downtrend continuesOn daily chart, dead cross (50 sma crossing below 200 sma) is about to happen. Fib Level 0.618 - $332 (the rectangle area) is a huge resistance which has been tried 4 times in December. Also 200 and 50 smas is suppressing the bullish movement. Looking for a breakdown to $300 area in near future.
Disclaimer: This is not a trading advice. I am not a financial advisor. Only for fun and educational purposes. I won't accept any responsibility if my idea fails.
Relevant levels and possible directions on META Today we will take a look at META.
What are the main technical elements we can see?
- We can see two clear impulses and two clear corrections. The first correction was an ABCDE triangle pattern. And the current correction is an ABC zig-zag pattern (for now)
- Understanding corrective structures is crucial to have clarity when a correction is finished or when I should keep waiting for it. In this situation, the ABC pattern is completed. So it's interesting to start thinking about possible directions the price may take.
-We have defined two possible paths the price can take; let's understand each of them.
* In the first scenario, the price reaches the correction´s descending trendline and cannot break it from there. We see a bearish movement towards the previous support level at
around 300.00
* The second scenario, the price breaks the correction and goes above the broken ascending trendline again. After that, we observe a retest of it and a bullish continuation towards the previous ATH.
Of course, it's impossible to say what will happen; however, I would be interested in the bullish scenario to develop setups around that retest. Otherwise, I'm not interested in trading here.
-The main concept of this post is to define relevant levels that traders may use depending on their style.
Thanks for reading! Feel free to share your view and chart in the comments!
$FB Primed to BounceFacebook $FB is fundamentally and technically undervalued relative to the market $QQQ, with a forward p/e of 20 it's cheap for a big growing tech stock. Today's price action formed a bullish hammer candle pattern with the price under the lower Buy Sell Band making for a good long entry. Range Strength indicates the price is non-trending and we're 7.71% below the 50 day MA giving us a good risk/reward for a mean reversion trade.
Meta Platforms | Fundamental Analysis |Long Setup|MUST READ 🔔Meta Platforms stock has declined markedly over the past few months. After popping a 52-week high of $384.33 three months ago, shares of this technology company have fallen more than 19%.
Meta stock appears to be cooling off after a victorious 2020 and further strong gains this summer. The stock is also likely affected by increased media and government scrutiny of the company, as well as recent iOS changes that have negatively impacted Facebook's ad measurement and tracking.
But despite the bearish trend and some negative headlines about the business in the media, parent company Facebook's core business is doing well. Given that business is doing well and the stock is falling, is this a good buying opportunity for investors? Or should investors wait for further stock declines before considering buying Meta stock?
To understand how staggering Facebook's momentum is, let's look at some key metrics from the company's Q3 earnings report. Revenues were up 35% during the reporting period, mainly due to a 33% year-over-year increase in advertising revenue, and the total number of unique daily active users across all of the company's platforms rose 11% year-over-year to 2.81 billion. The number of unique monthly active users across all platforms rose 12% to 3.58 billion.
For the fourth quarter, Facebook is forecasting revenues between $31.5 billion and $34 billion, reflecting a significant seasonal increase over third-quarter revenues of $29 billion. The midpoint of this forecast range means a 17% year-over-year increase. However, Facebook's forecasts tend to be fairly conservative, so actual growth over the period is likely to be higher.
Investors should also keep in mind Facebook's impressive cash generation. The company's free cash flow for the nine months was $25.9 billion, up from $13.8 billion last year and $15.8 billion in the same period two years ago. Facebook's 12-month free cash flow was $35.8 billion.
This strong cash generation has resulted in a huge inventory of cash, cash equivalents, and marketable securities totaling more than $58 billion. This strong position combined with active cash generation has allowed Meta to actively repurchase stock. In the third quarter alone, the company repurchased $14.4 billion worth of its stock and announced a $50 billion increase in share repurchase authorization during its third-quarter results presentation.
With such strong fundamentals, it's hard to believe that the technology company's stock is trading at just 22 times earnings today. That's even more surprising when you admit that Meta's current consensus analyst forecast for its bottom line assumes earnings per share growth averaging 21 percent year-over-year over the next five years. Investors should not let Meta's recent stock decline and conservative valuation fool them. It is still a growth stock and should be valued as a growth stock.
While there is no way of knowing if this is the low point for the stock, investors who bought the stock today will likely have good results over the next few years. While there are certainly risks for Meta Platforms, including the changing digital advertising landscape, antitrust concerns, and competition from smaller social media companies such as Snap and Twitter, these risks seem to be largely embedded in Meta's conservative share price.
METAverse Percentage Plays since Facebook announcementQuick look at the %'s of coins that involved with gaming & virtual items
Some like UFO & RNDN and others were not able to be listed due to TradingView not covering them yet
SAND being the biggest gainer, while Axe Inifinity came up pretty poorly, which was a surprise
choose wisely or grab a load of all of them, big things coming in next year!
trade smarter, not harder!
META ~ FBFacebook if it can't break 320 will have possibility to come down and test the 290 area where I believe would be the best spot to start adding to Meta on the dip.
This one could still go either way but FB is undervalued here on the cut, it pulled a possible fake to the downside with more upside to come -- good luck trading and don't get too eager unless you're buying shares.
FB-Meta Platforms (Face Book)The wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement.
This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention to the Take profit and Stop loss
profit taking in facebook $fb ? failed high? neckline? Facebook price to sales multiple keeps declining as it failed to make new price highs. Is this an indication that there are sellers or profit takings moving out of this steady grower? Are investors not happy with the name change to META and unsure of the metaverse future? the support neckline we are current sitting is where the battle is being fought and voted on by buyers vs sellers. time will tell
Daily Market Update - Stocks - FAANG - Twitter Look Out Below!In this video:
* Overall, I remain neutral to slightly Bullish Crypto, however...
* There are definitely more and more caution flags appearing!
* Today we look at the influence that the Stock Market might be playing on crypto
* We start with the FAANG stocks: Facebook, Apple, Amazon, Netflix, and Google
* We look at Twitter
* We look at the S&P, Nasdaq, and Dow Jones Industrial Average
* And we finish by looking at our market leaders in the crypto space
* Be careful out there traders! The market is on edge.
MANA: HTF FractalHTF Fractal taken from previous price increase, when stretched so that the beginning of the run fits the beginning this current run, seems to be somewhat predictive so far.
Is this a crazy price target? Yes.
May it be warranted? Possibly...
MANA is now a direct competitor to 'META' (formerly, 'Facebook'). Meta's current market cap is ~880 billion. MANA's is around 8.6 billion.
If MANA had Meta's market cap (so assuming some scenario where MANA becomes THE metaverse, beating out Facebook /Meta and all other competitors), that would put MANA's price at ~$482.
Full disclosure: this isn't so much a serious possibility in my mind, at least not yet, I'm just posting this to see how this theory/ fractal pans out; mostly just curious.