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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
META running to $250+As we analyze the 4 hour chart of META it has produced a beautiful channel and producing very good opportunities to buy off the channel lines both long and short from the top of the channel and also the bottom.... I am going to stay bullish on META and the trend and see price heading over 250 dollars... IF there is any sign of weakness we will get ready to draw our (white channel) and get ready for downside.. until then "the trend is your friend"...
NASDAQ:METALong
by UnknownUnicorn910751