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META Reversal Incoming (1D)META Daily Price Chart META has been in a relatively straight uptrend since bottoming out in November of 2022 but has recently just touched a level of high resistance with increased selling volume. This rally has come with the three gaps theory (Highlighted White) beginning with the breakaway gap in February 2022 and ending with the exhaustion gap back in July; both verified with increased volume. Following this theory the first sign of a reversal is the exhaustion gap being filled, which has just happened, however it's not a definitive sign. This is accompanied by another small break in the major trend line (Yellow Solid) and the first close below the 26-day EMA on 8/11 since the rally started. The EMA's are beginning to curve down (12-day) or flatten out (26-day and 50-day), so if we do get a 26-day / 50-day cross the targets below (Light Green Boxes) will cine into play. Relative Strength Indicator Most notably on the RSI is the recent bearish divergence (Aqua Solid), but this also occurred in the months prior and did not break down, why? Price action never broke below even the 12-day EMA and the RSI's second peak was above the 70 level while remaining elevated afterwards (Highlighted Aqua) indicating the strength of the trend; the higher the RSI the stronger the trend. The most recent bearish divergence saw the second peak of the RSI top out just below the 70 line and move lower to touch the 50 line; so do we break down? A bounce is definitely possible, which would also most likely push the price action to form a head and shoulders here, however this is the longest time in the history of META that RSI has remained above the 50; After checking, the only time it comes close is when multiple spikes below the 50 are present. The argument here is for a break below the 50 and strengthening the chance of a change in direction. On Balance Volume OBV has been in a upwards channel since March and has offset the prior bearish RSI divergence with using it's peak as support (Aqua Solid), which has just occurred again in the past several days. These small support levels also accompany a new a high made back in July, but has since fallen below it. If it does push higher it's technically in a "price discovery" environment, but with the factors above taken into consideration a signal of a reversal should be imminent; target supports (Light Green Boxes) are outlined below if this happens. TDLR; Why read the book when you can Google the sparknotes amirite? Seems Legit. Anyway, price action has completed a third gap (exhaustion) and has pushed lower to fill it (not a reversal conformation). EMA's are beginning to curve down or even out and the price has it's first close below the 26-day (on 8/11) since the rally began in Feb 2022. RSI has formed a another bearish divergence after previously failing to abide by the laws of bearish divergence; we swear it's going to work this time. It's also notable that this is longest length of time that the RSI has remained above the 50 level; like, not even a spike down, deng. OBV on the other hand is chugging along in it's channel like nothing is wrong using previous peaks as supports and has even made a new high. What Seems Legit? A reversal soon, if not from the most recent bearish divergence then possibly from a head and shoulders pattern. Basically looking for everything to break down at the same time, but a small is possible since the indicators are a bit mixed. The price is wrong Bob, come on down. Chart Key Yellow Solid = Major Trend Line Red Solid = Major Support or Resistance Aqua Solid = Divergences Red Box = Resistance Green Boxes = Supports / Target Areas White Highlighter = Gaps Aqua Highlighter = RSI divergence post peak comparison
NASDAQ:METAShort
by Seems_Legit_Research
2
META: Navigating the Path to a Trillion-Dollar ValuationCrossing the elusive trillion-dollar valuation threshold is no small feat. As it stands, only a handful of corporations globally have achieved this remarkable milestone. The anticipation surrounding which companies might ascend to join this prestigious club adds an extra layer of intrigue to the financial landscape. Among the contenders vying for a spot are familiar names: Berkshire Hathaway, Tesla, and Meta Platforms (formerly known as Facebook). With valuations ranging from $760 to $780 billion, these players are in the spotlight, each carrying its unique narrative. In this exclusive race, I am resolutely bullish on Meta Platforms as a prime candidate to breach the trillion-dollar mark. While the company has grappled with its share of challenges, a calculated strategic shift and resilience in its core operations position it as an appealing investment opportunity. However, the question persists: should investors seize the moment and dive into Meta's stock? Let's embark on a closer examination. Meta Platforms, undergoing a transformation from Facebook, occupies a distinctive niche in the market. A pivotal move in late 2021 saw the company rebrand as Meta, signaling a resolute pivot towards the metaverse. This strategic shift translated to hefty investments in its Reality Labs division. Yet, these endeavors have encountered turbulence. Since the fourth quarter of 2021, Reality Labs has generated a substantial $3.65 billion in sales. Unfortunately, this has been overshadowed by staggering operating losses amounting to an eye-watering $18.14 billion. This concerning operating profit margin raises valid concerns, especially in light of the absence of evident signs of recovery. The most recent data reveals that second-quarter revenue in 2022 amounted to a modest $276 million, marking a notable low over recent years. On a brighter note, the heart of Meta's revenue engine operates like clockwork. The Family of Apps division, encompassing Facebook, Instagram, Messenger, WhatsApp, and the emerging Threads, thrives on advertising revenue. In the second quarter, this segment exhibited a robust 12% year-over-year growth, surging to a substantial $31.7 billion. Notably, it achieved an operating profit of $11.2 billion, effectively mitigating the challenges faced by the beleaguered Reality Labs division. So, how does Meta Platforms align itself to reach a trillion-dollar valuation? CEO Mark Zuckerberg has laid his cards on the table, spotlighting 2023 as the "Year of Efficiency" for Meta Platforms. This vision manifests in streamlined workforce strategies and resource reallocation from lower-priority initiatives. The results are palpable, reflected in Meta's improving operating margin across recent quarters. This impressive upward trajectory marks a resounding rebound from the depths of the fourth quarter of 2022. Meta's meticulous focus on operational efficiency proves to be a catalyst in driving profitability, thereby propelling it towards the coveted trillion-dollar mark. Over the past five years, Meta has maintained an average price-to-earnings (P/E) ratio of around 25. This figure serves as the foundation for our baseline valuation as Meta approaches the trillion-dollar milestone. As depicted in the chart below, the company's current positioning significantly surpasses this threshold. However, forward earnings projections, based on analyst consensus, hover just below this mark. This intriguing dynamic suggests Meta retains ample room for multiple expansions in the upcoming year, indicating potential for a significant valuation increase as operational efficiency drives improved financial performance. Looking ahead to 2024, Wall Street analysts hold a consensus projection of $15.25 in earnings per share (EPS) for Meta. Presently, the company trades at a valuation roughly equivalent to 20 times the anticipated 2024 earnings. Should Meta realize the projected EPS of $15.25 and close the year with a valuation of 25 times earnings, this scenario points to a promising 25% surge from the present stock price. Applying this projection to Meta's current market capitalization yields an estimated valuation of $981 billion by the end of 2024. While it might not yet breach the trillion-dollar mark, this projection creates a solid foundation for Meta to confidently surpass that milestone by 2025. Moreover, with a projected 25% upside from the present until the conclusion of 2024, Meta emerges as a compelling prospect. Consider also the potential for Meta to exceed earnings expectations or command a higher valuation multiple. In these scenarios, Meta could feasibly achieve a trillion-dollar valuation as early as 2024. This underscores the allure of investing in Meta, driven by both projected growth and the possibility of positive surprises on the horizon. As Meta navigates its path forward, the prospects are tantalizing, inviting investors to join the journey towards a trillion-dollar valuation.
NASDAQ:METALong
by FOREXN1
14
Meta - To Long, Or To Short?I have to say that Meta is one of the hardest charts that exist to read right now, mostly because for 9 straight months, an unprecedented feat in the history of Facebook, it has gone up in a straight line, and bigly. You only see it clearly on the monthly: And yet the problem with the bull thesis for a new all time high is the '22 bear raid took out all the sell side all of the way back to 2016. Although you can have, and speculators and hodlers have been fortunate enough to have had, a significant retrace afterwards, stocks taking long term lows is usually kind of like when a person turns 50 and starts urinating blood. It means something is wrong with an organ and the time they have left to live is not so long and not so bright. Even the weekly is insanely one-directional This stock will have attention tomorrow as post-market earnings have produced another $20 gain, but notably, as of time of writing, have brought the price only to $319, still underneath the July high. Geopolitical risks abound in the markets right now. Much is happening with Mainland China and the International Rules Based Order. You can consult my previous calls, which are below, for my thoughts on the situation. But the Cliff's Notes of it is that the 24-year persecution and organ harvesting genocide of Falun Gong by the Jiang Zemin faction and the CCP may soon be made public worldwide if President Xi weaponizes those sins to protect China, its 5,000-year-old culture, and himself from the IRBO intending a Maidan Revolution-style coup to replace him with someone from Taiwan that happens to be a fine lapdog to the global regime's interests. What is the bull thesis for Meta? Facebook is something of a panopticon data collection system and advertising network rolled into the guise of a social media platform where people voluntarily disclose their location, interests, likes, connections, and spend time interacting with friends and family. Meta's rebrand is to force the world into something of a Nintendo 64-level version of Second Life, where you're supposed to literally sit in your cube eating the cricket crackers under a bunch of blankets with the furnace/AC off with the VR headset strapped to your face while you do data entry all day. It's really the kind of dystopian thing the Chinese Communist Party really likes, because it means you can be submissive and agreeable slaves that don't threaten its stability and still produce work. If mankind's future is truly to return to tradition (it is), what place does Meta have in it? Meta has very little place in the future, and that's a fundamental problem, really, for everything that revolves around people living chained to computers and phones. A really notable thing is that the Chinese Government, especially under Xi Jinping since he took power in 2013, has not allowed Meta/Facebook to set up shop inside Mainland China. The world's most notorious totalitarian regime and the creator of social credit and censorship does not want Meta/Facebook's influence impacting their citizens. Ain't that something. And yet, you're supposed to be bullish on this... because it's going up. You just want something to go up so you can buy it and feel pleased when you see green, not sell, and then feel sad when you see red, red, red, and are liquidated. This is modern humanity. So here's the question with Meta: is it a short, or is it a long? The truth is that with Meta, it's gone up in the kind of straight line that makes Apple blush for 9 straight months. When something trades like this, you can never say "it's a short." Instead, you can watch for when it does become a short. And we're in the zone. Although the biggest gap has been filled, the monthly candles show that the bodies of the winning streak's candles are still respecting the range created by the February of 2022 doom candle that ended the Party. On the daily, the last five days of price action, which correspond with a Nasdaq that may very well have topped but an SPX that does not seem to have topped yet, are the most bearish they have been during the entire bull run. And so, if you want to get long on open, I can only encourage you to exercise caution. You may really have upside as high as $343. But you may also have upside no higher than $325. It may also gap up on market open and then sell off, and that kind of a sell off at this kind of a time may mean you are trapped. To confirm a bull thesis, $343 needs to be broken and maintained To confirm a bear thesis, the first thing we need to see after the earnings manipulation is for the $288.30 double bottom to be broken. From there, if $258.88 is broken, the trend is over and will have reversed, even though you may see further upside in the interim. A break over $325 and then a rejection under $288 would be the most bearish. If that unfolds, it's no longer a dip to buy. Instead, long term puts while the VIX is so suppressed might really be really, really valuable. And the problem for both bears and bulls is the $40 range that "confirms" whether there's forever uppy or forever doom.
NASDAQ:META
by LordWrymouth
1
META Is this the start of a significant correction?Since November last year we have been issuing a strong buy signal on Meta Platforms (META) and our most recent analysis on February 02 (see chart below) came with a huge final bullish warning while the price was still at $189.00: The stock hit $320.00 last week, almost filling the gap with the 1W candle of January 31 2022 (practically META's start of collapse) and pulled-back. The big question on the market this week is, can that be the start of a greater correction? Well technically it is testing today the first key support level, the Higher Lows trend-line (bottom) of the 6 month Channel Up pattern that started in late February. If broken, it is unlikely to see the 1D MA50 (red trend-line) hold. The key (technical) reason behind it, is the massive Bearish Cross that got formed this week on the 1W MACD. This is a major development as it is a rare event that always initiated a rather notable pull-back. More specifically, in the past five (5) years, we have had another six (6) 1W MACD Bearish Crosses, all making a Lower Lows after it. The minimum correction was -17.33% while the maximum -43.50%. Practically META made its large corrections (-43.50%, -38.60%) when it faced legal action and during the pandemic. The rest standard (technical) pull-backs ranged from -17.33% to -19.70% (also -28.15% on the last Bearish Cross but fundamentals were also present). This is the reason we expect a pull-back below the 1D MA50 if the Higher Lows of the Channel Up fail (to close 1D candles above it). The minimum projected correction range of -17.33% would give us a pull-back to $265.00. A -19.70% would give $256.00. That would start making META a technical buy again, where long term investors can start applying buying strategies with a tolerance level up to the 1W MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:META
by TradingShot
2
META suppressed by the 0.786 level of the golden section! META suppressed by the 0.786 level of the golden section! This chart shows the weekly candle chart of META stocks over the past two years. The graph overlays the top to bottom golden section of 2021. As shown in the figure, the high point of META stock in the past two weeks has been suppressed by the 0.786 level of the golden section in the figure, and it has now returned to below the 1.000 level of the golden section! In the next few weeks, the META stock is likely to step back at the 1.382 position in the golden section of the chart, and then choose a direction to break through!
NASDAQ:META
by Think_More
META Platforms Options Ahead of EarningsIf you haven`t sold META here: Or reentered here: Then analyzing the options chain and chart patterns of META Platforms prior to the earnings report this week, I would consider purchasing the 290usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $27.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:METAShort
by TopgOptions
META: Channel Up will attempt to close the February 2022 Gap.META maintains the aggressive four month Channel Up on an overbought 1D timeframe (RSI = 73.991, MACD = 9.890, ADX = 37.410) that shows no signs of easing before the next Resistance and that is located at 328.00, which was the High of February 2nd 2022. After that the stock price plunged to 245 following the loss of investor confidence. It would appear that the rally won't stop until it closes at least that Gap. As a result we go on a short term buy, targeting the Resistance (TP = 328.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:METALong
by InvestingScope
"Never bet against Zuck" $META topping out hereThere are many people that think that NASDAQ:META will keep rallying here to new highs. I'm not one of them. Lately I've been seeing people post "Never bet against Zuck." That tells me all I need to know about sentiment here at the highs. Like many other assets, I think META has rallied due to a technical bear market bounce and is now losing steam. We've either already put in a top here at resistance, or there is one more move slightly higher to $307.54 that will pull in the last of the holdouts that haven't invested yet before dumping on them. I don't care about narratives, whether it's AI, threads, VR or whatever fundamental reason you can give a company for "needing to go up." The reality is, it's all about market structure and what price action says. And to me, we're nearing a top that will take price back to below the previous low we hit last year. Let's see how it plays out over the coming year.
NASDAQ:METAShort
by benjihyam
4
META completing 8 straight months of gains. How far can it go?META is about to close the month on the 8th straight green candle, which is of course way beyond any rally in the company's history. Having broken even above the 0.786 Fibonacci level and turned the 1month MA50 into Support again, the question on everyone's mind is how far can the market extend this rally. Looking at its short history, all of Meta's rallies didn't stop before the 1month RSI entered the overbough (over 70.00) zone. And the RSI is currently at 61.88, considerably lower than this limit. Of course it can be argued that this time the rally started after the 1month RSI rebounded from the oversold area, the first time in its history. But technically, it appears that the market both technically and fundamentally has what it needs to keep investors interested and most likely won't correct substantially before testing at least the $385 All Time High. Follow us, like the idea and leave a comment below!!
NASDAQ:METALong
by TheCryptagon
1
Meta -> Rally Not Over YetHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Meta stock started a crazy dump in September of 2021, dropping roughly 80% in a very short period of time but bounced back significantly. You can also see that the recovery started in October of 2022 and from there Meta created a rally of 200% towards the upside and is now approaching resistance at the $300 level from which I do expect a short term rejection away towards the downside. On the daily timeframe you can see that Meta stock is still massively bullish, creating new highs every single day so I am now just waiting for a retest of the previous resistance at the $275 level and then I do expect a final blow-off to retest the $300 resistance zone. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:METALong
by basictradingtv
30
META H&S can send it skyrocket to $294, unless the MA100 breaksMETA has arguably been one of the hottest, if not the hottest, stocks of the year. The minor (for its parabolic state) correction since Tuesday has seen it hit the MA100 (1h), which is so far holding. This has completed a Head and Shoulders pattern, which is technically a bearish structure. If the neckline but more importantly the MA50 (1h) breaks, we expect the price to invalidate the bearish signal of the H&S. Trading Plan: 1. Buy if the price closes above the 268.50 neckline and the MA50 (1h). 2. Sell if it closes under the MA100 (1h). Targets: 1. 294 (Fibonacci 2.0). 2. 250 (the MA200 1h). Tips: 1. The RSI (1h) has crossed over the MA trendline. This is a short term signal of bullish strength. Please like, follow and comment!!
NASDAQ:META
by TradingBrokersView
6