Meta Undergoes MetamorphosisFor the 9 year span between 2012 and 2021, Facebook grew at an average of 200% per year. Now being almost rested from a 1800% wave that stretched its value from $19 to $359 per share, Zuckerburg and Co. are ready to make way towards their encore siting near the price tag of $2579. A stock split could alter this price target but if an investor were to buy the big dip near $60, I'd expect the 4000% increase in value to remain a high probability outcome for Wave 3.
While Jim Kramer is shedding tears because he was blindsided, we at least knew that META was nearing its peak level and a finish of Wave 5. While I'm not sure of his nor others approach to technical analysis, Elliott Wave gave clear signal that it was not the season for buying META. The morals of the story are simple, buy the dip, don't follow Kramer's advice and SURF!
How low will META go? Meta has broken the market structure and started a deep dive. The weekly chart looks like a hot RED falling knife.
There are no long term fib support anymore, the trend is now 100% bearish on the weekly chart.
There will be fake rallies until we see a real support.
The only support levels will take us back to 2015 or even before.
Look at the chart for more details:
DYOR and be careful trading this volatile markets with any leverage position.
Buying META calls for 1 year will cost you 25%+ interest "APR"Options are leverage on stock, leverage, "aka" gearing, is a loan. The option extrinsic premium is a form of interest on the leverage. The strike price tells you the amount of leverage your are using relative to buying outright shares. If you are not careful, you might inadvertently end up paying crazy high rates of annualize interest. Options sellers know this, they look for these opportunities to help structure option trades. META SPY QQQ DIA
METAMETA/FB is a terrible company. Their attempt to invent the metavese has failed hugely thus far. Their cash reserves are low, their public perception is poor. META has shown an inability to innovate in the social media space. For these reasons I'm opening a long term bearish position on META.
Bought to Open: Jan-17-2025 $60 P @ 8.40.
Meta Obliterates SupportMeta/Facebook has destroyed its nearby support level and has nothing left to sustain ground for any lasting upside push. A relief rally could come over the next couple of years however, the downward slope has already initiated. Barring any rise above $305, it can be comfortably assumed that Meta will look to discover support near the $60 range. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
MetaRekt- They said " Cryptos are volatile and Dangerous ".
- was meaning like, buy Stocks they are more stable, like Facebook 😂.
- Everything is in graph
- Meta went down -75%, Elon Musk bought Twitter, what a coincidence.
- i wouldn't take the risk to touch it before it goes to 70-80$.
- Well in fact, i won't touch it at all, Facebook Golden Age is already behind them.
- Decentralization will be the major key to upgrade our future social medias in Web3.0.
- Without us, they are nothing.
Happy Tr4Ding !
Technology Sector May Face A Rally SoonHello traders and investors, today we will talk about two technology stocks GOOGLE and META (Fcebook), which can be finishing final 5th wave from Elliott wave perspective.
As you can see, technology sector suffered the most in the last year, but what is interesting is that both GOOGLE and META can be now finishing a five-wave cycle from the highs. In Elliott wave theory, after every five waves, a three-wave A-B-C correction follows.
We have just noticed some big gaps down due to earnings miss, but considering that Google and Meta are trading in 5th wave with a potential spike before a reversal, there's a high probability for an A-B-C rally soon.
A-B-C recovery will ideally show up now at the end of 2022 or at the beginning of 2023.
All the best!
META on the way to $0I doubt the company will allow such a fall, but it has reached our first target at $120.
Looking at the Inverse Cup and Handle, it technically says it is going to $0...
This is when we ask ourselves, how predictable are chart patterns and do you think the company will allow this.
Meta - Meta Platform joins the party! Yesterday, the price of Meta platform stock crashed nearly 20% after the close when the company reported its earnings for the third quarter of 2022. With its abysmal report, Meta joined the party of underperforming companies in the current earning season. Revenue was down 4% from a year earlier, while costs and expenses rose 19%.
Revenue = 27.71 billion USD (-4% YoY)
Costs and expenses = 22.05 billion USD (+19% YoY)
Revenue from the family of apps, including Facebook, Instagram, Messenger, Whatsapp, etc., decreased approximately 3.6%, while revenue from the reality labs fell by about 49%. That is no surprise to us since we warned about the earning season for the third quarter being weak. Indeed, we stated that downgrades in outlooks and misses in estimates would reinforce our thesis about the market progressing into the second phase of the bear market. With that being said, we believe Meta platforms Inc. still has a long way to go before reversing its primary trend to the upside.
Illustration 1.01
Illustration 1.01 shows the daily chart of the Meta Platforms stock. The red arrow shows the price drop after the company published its earnings for the 3rd quarter of 2022.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish.
Illustration 1.02
The image above shows the resemblance between the current and previous earning seasons.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
THIS ISN'T THE END OF META, IT HAS A LONG RUN AHEAD!!Check out the trade plan for META today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
META is on 2016 lows. Where we have seen some major support and buying level formed close to $125 on the monthly timeframe. Here I am expecting another possible buyback to form considering the historical price action.
META Meta Platforms Options Ahead Of EarningsIf you haven`t sold META last year:
Or at least when it approached our Buy area:
Then you should know that looking at the META Meta Platforms options chain, i would buy the $135 strike price Calls with
2022-11-11 expiration date for about
$6.75 premium.
Looking forward to read your opinion about it.
META staging a short-term rally. Long-term levels to consider.Meta Platforms (META) are on a three day bullish streak following favorable group fundamentals and is rebounding off the bottom (Lower Lows trend-line) of the Falling Wedge pattern it has been trading in since February price collapse.
The short-term target is technically the 1D MA50 (blue trend-line), which is just below the top (Lower Highs trend-line) of the Falling Wedge. We may also see a slight break-out as the Bullish Divergence spotted on the 1D RSI was last seen on the March 14 Low and a +27.50% rebound followed. If this is replication, the price can reach roughly 157.00, which is where the 1D MA100 (green trend-line) is currently sitting. That is the medium-term Resistance as it has been unbroken since December 30 2021, so basically for the whole 2022. A break above it would target the 1D MA200 (orange trend-line), which is the barrier that distinguishes the bearish from the bullish trend long-term.
On the flip-side, if META closes below the bottom (Lower Lows trend-line) of the Falling Wedge, expect a sharp drop to the 1.5 Fibonacci extension (92.70).
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Tripple top pattern on METAExplaining and showing how tripple top pattern can help in finding excellent trades
I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there
META Time TO BUY SAFELY AS FOLLOWS with a Margin of SAFETYGet the META Stock at a discount or get a safe income by selling Deep Out Of the Money Puts:
** Background as of today META is rebounding to 134 but with FOMC November/December and mid terms, things could drop fast for META to 110-100 area. I want to structure a trade to take advantage of the current premiums regardless of what the market does - as long you are comfortable with the below outcomes.
Sell DOTM 100 Strike June Puts for $8
Two Possible Outcomes:
a) Price is at or below 100 at expiration - I get the stock for a long term at better than my target price 111 support. If assigned, the cost basis will be $100 - $8 = $92 which is a great price to own META for the long term
b) Price is above the $100 strike price at expiration - I make income from the credit receive $8 / $100 = 8% ROI for 9 months which annualized is over 10.55% .
The trade also gives you a Safety of Margin should the entire market continues down as follows current price $133.6 - $92 (assignment Cost)= $41.6 dollar buffer for a stock I want to own and keep long term
As you can see neither is a bad outcome they are both acceptable for the cash invested..
Hope this helps
Take care Marc
META: Bullish DivergenceMETA has sold off nearly 70% from its ALL TIME HIGH of $380. I'm looking at Bullish Divergence in the weekly RSI. If a base is starting to form around the $116-$126 range, we could see a higher low establish around this range. Likely a good price zone to Dollar Cost Average into a position. If a base establishes, this could be a range where you get some shares at VALUE LEVELS before momentum returns into the markets.
Warning: Stop-loss mandatory.
ETHEREUM : Another Bullish Move ?As you can see, Ethereum has reacted positively today for the second time in the last 3 weeks with the support level of $1200 (Bullish BB), we have to see if it can consolidates above this level or not, if it consolidates , the next bullish target is $1376. :) ! If the price moves below that level, I suggest you monitor the range of $1030 to $1100 for an amazing Bullish swing !
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.14.2022
⚠️(DYOR)
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FB Meta Platforms earnings todayIf you haven`t shorted FB at $341:
Look at the comments as well.
Then you should know that even Google`s YouTube was threatened by TikTok rise!
On the other hand a recent leaked documents claim lost control of user data from Facebook.
FB is closer to our buy area of $140-155.
Looking forward to read your opinion about it.
META Potential for Bearish Momentum | 10th October 2022On H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop form the sell entry at 141.42, which is in line with the previous swing high to the take profit at 116. 40 , where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 153.6, where the 38.2% fibonacci retracement and pullback resistance are.
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META BEAR FLAG OTW. Bearish on $META below 137 until 123 unless break AND hold above 143. $VIX is also showing bullish context to comfirm this $META bear flag (failure to go lower) @ Weekly level 137. Would take majority of profit off the table at $128.71 because their may be a pullback to retest around 135.
$META - FACEBOOK - FALLING WEDGE - CAPITULATION where to next?Still on track.
This chart has been the most requested in DMs for updates.
I believe META will continue its growth in the future as the METAVERSE expands and come out as a front runner in 2023.
For now we can see the declining selling volume.
Clear as day capitulation marked on the charts.
We will have it rough on the markets until the end of the year, I view this as huge OPPERTUNITY. NO FEAR!
$Meta will reduce its workforce for the first time since 2004 and it slashed the budget for its team salary.
Expanding their data center in UTAH.
Switched up their marketplace (more profits from ads from car dealers).
You can share NFTs on Facebook & Insta.
New android Chromium-web view.
New tools for creators.
I did SLIGHTLY (like barley) pivot the lower trend on the falling wedge - with more data printing daily it was necessary and now the line has been tapped multiple times for confidence.
Meta will be one of the top stocks ill be accumulating in my portfolio on the dips. This will be a long term hold for me, I will use options for day and swing trades.
If you do choose options please keep in mind to buy extended time (although more pricey) this chop is algorithmically created to burn Theta out of contracts.
(Full disclosure) If we do get a OCTOBER pump, not going to lie, I will probably sell out and buy the dip continuously afterwards.
NOBODY can predict every top and bottom, this is why the DCA (Dollar Cross Averaging) Method is widely used to ride the waves.
GOODLUCK traders!