META The worst is history! 6 straight green weeks.Our update on The Meta Platforms (META) on the 1W time-frame.
What stands out is that the stock has completed six (6) straight weekly candles, for the first time since March 2017! This is one of the strongest bullish sequences in its history and while at it, it has established 2 weeks above the 1D MA100 (green trend-line) for the first time since its September 2021 All Time High!
The short-term target is the 1W MA50 (blue trend-line), which is within the technical target of the Inverse Head and Shoulders (IH&S) that we can argue formed the October 2022 market bottom. With the RSI hitting the top of a Higher Highs trend-line that started on March 28 2022, it is possible to see a minor pull-back now to test the 1D MA50 (red trend-line) as a Support, but that will be the best long-term buy opportunity before we hit the 1W MA50.
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🟢 $BTC NEW TA : Another Bullish Move ?As you have seen in the previous analysis, exactly according to our analysis , the price had an attractive growth and was able to reach the $19,000 target , now I expect that after a slight price correction, we will see the price growth again And this time this growth is to fill the old FVG, its target is $20,000 to $20,300!
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📅 01.13.2022
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Chances of facebook stock (Meta )Meta has two possibilities in which we must make an alert .
if it can break the strong resistance it made and drawn in chart it will move toward its target easily toward 137 ( that is more percentage).
the other oppurtunity it couldnt break the resistance . in that way it would move toward the support below at 88 dollar per stock , and we think by that way it would be a very great oppurtinity for long term investment.
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META Closed 2 straight green months, the first time since 2021!Meta Platforms (META) is on a strong January monthly candle (chart on the right) having closed in December two straight green months for the first time since August 2021, which was its All Time High. This alone is a huge bullish development, which along with the 1M RSI being on an Inverse Head and Shoulders pattern (IH&S), it can start staging its long-term bullish reversal.
On the more medium-term 1D time-frame (chart on the left), Meta also made a significant bullish development, as yesterday it clearly broke (but failed to close) above the 1D MA100 (green trend-line), for the first time in one whole year (since December 30 2021). Having turned the 1D MA50 (blue trend-line) into a Support this last month (since December 12), if it manages to close a daily candle above the 1D MA100, the stock's next aim would be the 1D MA200 (orange trend-line).
The 1W RSI also had a major bullish break-out as it broken above a Resistance Zone holding since August 15, that previously had rejected the price a total of three times (Triple Top). In our view we can claim that Meta has a sustainable bullish reversal only if it breaks above the 1D MA200.
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META Potential for Bullish Rise | 10th January 2023Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. I'm looking for a pullback buy entry at 124.03, where the 38.2% Fibonacci line is. Stop loss will be at 112.47, where the recent low is. Take profit will be at 137.66, where the 50% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
META still in bearish channelNASDAQ:META has rallied since the earnings of late October, but is still in a long-term bearish channel.
It has retraced 78.6% of the the gap (down) made the day of its Earnings report.
I can picture the stock rallying to $130, but not much farther, and then being smacked down around mid-to-late December.
META to extend losses even more?Meta - 30d expiry - We look to Sell a break of 107.98 (stop at 115.15)
The primary trend remains bearish.
There is no clear indication that the downward move is coming to an end.
This is curremtly an actively traded stock.
108.32 has been pivotal.
A break of the recent low at 108.32 should result in a further move lower.
Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 91.04 and 88.04
Resistance: 126.40 / 134.00 / 142.00
Support: 115.00 / 108.50 / 96.00
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The rule of 20 for valuation, 100 year looklets look at 150 years of stock prices and see how valuation with inflation played out, and apply the "rule of 20" as a guide. The rule of 20 is a benchmark regression that essential says when PEs and cpi inflation are added together they should be under 20 for stocks to be attractive historically. SPX DJI QQQ NASDAQ:NDX GOLD
META Potential for Bullish Rise | 21st December 2022Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 110.85, where the 38.2% Fibonacci line is. Stop loss will be at 96. 40 , where the 78.6% Fibonacci line is. Take profit will be at 137.66, where the 50% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
$DJI forms Outside Week (DAY)Had no plan for trades 2day barring huge opportunity, which not seeing
BUT like $META action in "bear" market
Did say keep this in mind
BUT THIS IS NOT THREAD FOR @facebook
It's for $DJI and its cronies #DJIA $DIA $UDOW $SDOW
WE HAVE HUGE MOVE in place with more to follow
Being this is WEEKLY the paint = more important
31.7k is 50% retracement but IMO we're likely retesting 30k next year, just don't see bloodbath ending year
Another post which may or may not post here later
AFAIK no such thing as HOVER pattern🤣
Me having FUN
BUT
could be precursor to one! IHS patter is hint
FACEBOOK 25 % pump (NEW)After dropping to lows from 2015, most likely we will see a bounce.
-RSI is very oversold both on daily and weekly timeframe.
-We have a gap which most likely will get filled. After filling the gap, we expect the price to come back down.
-The price dropped 75 % from its ATH. Many investors bought meta stock to ride the bounce.
META reached our target. What's next?Over a month ago (November 10) we posted our outlook on the Meta Platforms Inc (META) following the cutting of 11k jobs (also feature on the Editor's Pick):
As you see our target has been hit as the price rose and reached the top of the Channel Down pattern that the stock has been trading in since February. The buy signals at the time were obvious as the 1D RSI bounced on the Oversold Zone as it did back in late February/ early March. The question is what happens now?
Well we will not diverge from our usual pattern break-out strategies. Right now the stock is on sell levels, being that close to the top (Lower Highs) trend-line of the Channel Down as well as having hit the RSI's Resistance Zone (red). As you see, this is the zone where since November 15 2021 (i.e. more than a year) forms all the Lower High rejections on META. For as long as this holds, we expect the price to hit 89.25 (January 20 2016 Low) and the 72.10 (August 25 2015 Low).
On the other hand, we will buy if the price breaks above the 1D MA100 (green trend-line), which has been unbroken since December 30 2021, and target the 1D MA200 (orange trend-line). A candle closing above the 1D MA200 (preferably on the weekly scale), should be enough to confirm META turning bullish on the long-term.
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Meta Platforms Analysis 13.12.2022Hello 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!
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META Potential for Bullish Rise| 9th December 2022Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 110.85, where the 38.2% Fibonacci line is. Stop loss will be at 96.40, where the 78.6% Fibonacci line is. Take profit will be at 137.66, where the 50% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
#META 4hr chart reversing off bottom of channelMeta seems to be reversing off the bottom of the channel which has held meta price action lower since the February gap down on results. This reversal is coinciding with news that the FCC boss mentioned that the US Should ban TikTok - widely known to be one of facebooks fiercest competitors in the space. Let's see if we can get some follow through on this move..
Financial Wave. META-FacebookIt became interesting for us to consider the state of Meta. Unlike Twitter, Meta's outlook looks pessimistic.
Our preferable scenario is the continuation of the downtrend, the price may rebound to the range of $190-250, after which the downward movement will continue. The fall may resume without a rebound, the target level is $60. In case of growth above $250, the downward scenario will be cancelled.
Buy and Hold mana x5 or x10 incomingMana price is clinging to the 9ma on the daily charts.
I always plot the 9 period moving average on charts, when price clings to it in parabolic moves it helps me stay with the trend, here mana is doing the same.
Hold this one, I posted about Facebook (meta) last week and we saw great day trading profits on that last week. METAVERSE stocks and crypto are your big plays alongside other crypto over the next year. Mana is severely undervalued here with a low market cap compared to shib and doge. Buy and or hold.
Buy facebook (meta) huge buy volumeBuying Facebook here under the new re-brand meta.
From a purely TA perspective, Meta looks great. The best signal in trading is volume and support. We can see huge buy volume came into facebook last week on the buy side at support. This gives high probability that the share will look to take out its ATH. This is a great leveraged play here which could reap massive profits buy holding till next year or more.
From a fundamentals perspective everyone knows the facebook brand is pretty unloved. Meta is a fantastic idea. Zuckerbug through his ownership of facebook and instagram has tonnes of personal data on us all and will surely know how to use behaviour marketing strategies to encourage us all into the new metavese. I predict that within a year or so we will all have some form of online avatar presence and the metaverse will be the next big thing.
Meta looks an incredible buy here, stop loss at last weeks low.
META Facebook/Meta - Too Much Bear, Not Enough BullPersonally, I have only low opinions of Facebook, for it exists really as a big data collection hub. A lot of tracking cookies just traffic your browsing history and information back to their servers, whether you have an account or not, for AI analysis and surveillance.
And then there's the Metaverse, which Mark Zuckerberg and Communist Party Global are so delirious that they think you're going to spend your 40 hour work week with a 10 pound Oculus Rift bolted to your face while you lay on the floor in your pod covered in blankets with your heat restricted by the Communist Party Central Planning Committee to 18C eating the bugs as they scream "climate crisis" and "energy crisis" while showing off in their private jets, feasting on cows.
All commentary on the state of affairs of the company and the disastrous direction the Metaverse vaporware has taken it aside, I'm a price action trader, and when it comes to Meta, which is a keystone of the Nasdaq, you just have to have your interest piqued when something has dropped as much as this boat anchor has.
Notably, in the last 2 months and 4 days alone, Meta has lost 76% of its value.
Just look at this monthly:
With stocks, these types of doom gaps rarely seem to present a real buying opportunity to capture a retrace with. This is demonstrated in Meta on the weekly, which shows literally 8 consecutive losing weeks, with pretty much no bounce at all.
In the last two weeks alone, from the broken low to the bottom was another 28%.
Looking at the daily, we can see that the post-earnings dump just literally went straight down in a straight line.
This is the definition of "oversold," really. But as any seasoned trader who has burned their hands will tell you, something being oversold does not make it a buy, for that oversold indicator can snake on the floor for a lot longer than you can stay solvent before finally recovering.
Yet, we get to a key juncture that gives us a situation that certainly piqued my interest tremendously.
Not only has Meta dumped another $10 in the first trading days of November already, but it made a very weak high on the first and has since traded below a key pivot low from 2016.
Additionally, price action on Non-farm payrolls Friday showed Meta crush through a short term double bottom and then reverse.
To me, all the stars have aligned and all the conditions precedent for bears to get #rekt are present.
Going long here means you have a $7 upside just to the November high. That November 1 high will not be the high of the month for Meta. You can pretty much set your watch to that. At some point, they will rip it past it and clear out the shortsellers and bring in rally chasers, for sure.
Better yet, trading back to the post-earnings gap down to rebalance the range produces a $12 upside.
If Meta trades back to range equilibrium of the up candle before the earnings dump, your upside is $25.
A key point here is the area above $120 is a high resistance range on the weekly. If Meta starts to trade in here, especially if it doesn't reject hard, the upside can be significantly higher.
You might think that there's no way it could happen, but there's always some latent "news" driver that has been arranged to power the bear guillotine and bring the FOMO in.
The key point with trades like this is to manage your risk. Don't be too greedy. Take profits. Be patient. Give up if it won't pump.
But don't bottom short and make yourself a dead bear, either. If Nasdaq does what the Dow just did during election week next week, a lot of people's bottom puts are going to expire worthless while those short on margin are going to get gap up on open liquidated.