FB the reversal that I told you to watchDid you managed to catch the reversal. It’s here. Seems like it bottomed
Facebook (FB)
fb watch on the weekly chart :
bouncing off a strong support level with a decent green candle . the best move will be is to wait and see a confirmation candle to buy .
Is Facebook ready to buy a major gaming stock?Facebook’s transition into Meta Platforms (NASDAQ:FB) and Mark Zuckerberg’s big push into the metaverse — the concept of a shared 3D virtual platform where people can socialize, work, and play — spurred a sector-wide move by tech companies to branch out into other areas like gaming.
The burgeoning gaming industry has transformed into a $198.4 billion sector in 2021, far exceeding the combined market size of the box office and the music industry, according to market research firm Mordor Intelligence.
Meta and VR gaming
Even before Meta announced its push into the metaverse in October 2021, the social media behemoth has built a presence in the gaming market with its acquisition of virtual reality company Oculus in 2014. Meta’s foray into the metaverse would make its Oculus VR headsets more appealing to the market amid strong competition against other VR headsets in the market like HTC’s (TPE:2498) HTC Vive and Sony’s (NYSE:SONY) PlayStation VR.
A sharper focus on gaming would encourage Facebook to double down on its investments in the gaming sector far beyond hardware and building a metaverse. The company, which also owns Instagram and WhatsApp, could soon build an army of tech talents that specialize in gaming.
Meta gobbles up gaming studios
In the months before it rebranded into Meta, Facebook went on an acquisition spree buying small gaming studios. Among its most recent acquisitions in the gaming space are studios Ready at Dawn, Unit 2 Games, VR firm BigBox VR, Downpour Interactive and Sanzaru Games.
However, Meta has yet to spend billions of dollars on a gaming company since its acquisition of Oculus in 2014 for $2 billion, raising the prospect of a potential acquisition of a larger gaming studio similar to recent moves by Sony, Microsoft (NASDAQ:MSFT) and Grand Theft Auto publisher Take-Two Interactive (NASDAQ:TTWO).
Multi-billion gaming deals
Three multi-billion dollar gaming deals welcomed the year in January, starting with Take-Two’s plans to buy mobile video game company Zynga for $12.7 billion, which was thought to be the gaming industry’s biggest acquisition on record until Microsoft announced that it is buying Activision Blizzard (NASDAQ:ATVI), the studio behind the Warcraft, Diablo, Overwatch and Call of Duty franchises, for $68.7 billion in cash.
Microsoft said the deal would make it the world’s third-largest gaming company in terms of revenue behind Tencent (HKG:0700) and Sony. Two weeks later, Sony said it is buying Bungie, the video game developer behind the Destiny and Halo franchises, for $3.6 billion.
Which gaming studio is Facebook eyeing?
With Meta’s intentions to promote the metaverse concept, industry watchers are now waiting for the company’s next big move. Meta will likely look to gobble up a gaming studio with a massive presence in the market such as France’s Ubisoft (OTCMKTS:UBSFY), the developer behind Assassin's Creed and Prince of Persia. Ubisoft CEO Yves Guillemot last month hinted that it is open to offers from companies.
Roblox (NYSE:RBLX), Playtika Holding (NASDAQ:PLTK) and Super League Gaming (NASDAQ:SLGG) are also likely targets if Meta chooses to snap up the bargains on these companies after their shares tumbled to near record lows recently.
In June 2021, Meta bought Unit 2 Games, the studio behind Roblox-like gaming platform Crayta.
FB_(Meta) - Time for a Rebound, strong Bullish move incomingFB
the price is in a downtrend and the Asc. trendline has been acting as a strong support for the price, after reaching the trendline support if price manages to hold above it, I expect the price to move higher..
If price breaks below the ascending trendline, then we may see more downfall..
Trade wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
UPDATE TO PREVIOUS POSTAs predicted a temporary down fall for USD against CAD, Now it's time to buy USD and sell CAD.
1.29 is expected.
Facebook Ideas To ConsiderFacebook Observations & Ideas:
- Monthly Candle Forming Bullish Pin Bar
- Weekly Candle Has Bull Volume Coming In
- Weekly Candle Formed A Strong Bullish Engulfing
- Daily Candle Formed A Pin Bar Followed Up With 3 Green Soldier Candles & Strong Bull Volume
Bull Ideas:
- Price Can Get Rejected At This Major Resistance Of 217-220 & Retrace back To 207-212 Support & Bounce
- Price Can Break Through 217-220 Resistance & Head For A Leg Up To 235-240 Resistance ( Above 248 We See A Gap Fill)
Bear Idea:
-Price Pulls Back Down To Test 200 Support, If This Level Is Broken, We Could See A Test Of YTD Lows
Any Alternative Ideas?
LONG FBAs much as I cant stand the company, we all know, my feelings don't matter.
Let's have a go here long.
I believe we've built structure for the reversal here in FB. I'll be potentially looking at some leaps.
Is Meta Stock A Buy Now?Meta Platforms stock FB has shown some strength lately after rebounding from $185 demand area, the upward move could hit $230 levels corresponding to 23.6% Fibonacci Retracement level.
The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator.
Finally, it's worth mentioning that Meta Platforms stock FB is one of 2022’s most beaten-down large cap tech stocks. After its February earnings release, it fell 26% in a single trading day, then proceeded to decline another 21% after that.
What happens when FAANG rises more than 5 times by 2000 days? Disclaimer: These assets are not for new traders or those who don't tolerate ULTRA HIGH risks. I don't recommend this trade (also I don't recommend any other trade). This is just my market view on the current moment. It could be TOTALLY WRONG. If my view changes in the future I am not obligated to update this idea or publish a new one.
AMC round 2?AMC is resting on the .382 Fib after completing an ABC retrace
PSAR flipped positive for the May 21st (excluding retrace waves)
1 Day:
-Triple bottom
-Bearish Divergences: HIST, RSI & CCI (expect minor retrace)
-Increasing volume
3 Day:
-Higher Low
-Positive PSAR
1 Week:
-Positive Divergences: MACD, VWMACD, CMF
Earnings are on March 3rd - Spider Man No Way's Home was in December so it could go either way.
A safe TP 1 is at $33; the .618 fib retrace level
Declining Wedge in the S&P 500This is a chart of the S&P Futures (ES!) showing a declining wedge pattern. While technical analysis is admittedly down on the list of my personal trading hierarchy, I think this particular formation is presenting some interesting implications and possible trade ideas.
Macro factors not withstanding, I wouldn't be surprised to see either A) more channeling between the 4150 - 4400 range, or B) a relief rally north of 4500 over the next month or two. The Declining Wedge idea supports this thesis...
The statistics indicate that Declining Wedges are not a great performer compared to other patterns - and that's ok, because these trade ideas don't need them to be. If we temper expectations and use defined risk, a modest snap to the upside can offer some nice profitable trades. I like to use the "Encyclopedia of Chart Patterns" by Thomas Bulkowski to give my technical analysis some statistical grounding. According to his research, in the context of a bear market (which we seem to be in, at least in the short term), a Declining Wedge has about a 75% probability of making a 5% reversal move, and about a 68% probability of moving 10%. The S&P also currently meets the identification guidelines of a minimum of 5 trend line touches and declining volume (as depicted in the chart). Also note that the Wedge is occurring near the edge of the value area on the Volume Profile. So how to trade it?
Since the Declining Wedge isn't a particularly strong pattern, I'd recommend using a defined risk strategy like a vertical spread. Unfortunately due to the current elevated level of implied volatility, vertical CALL spreads aren't pricing particularly well - but here's one:
Buy SPY 435 18 APRIL 22 CALL
Sell SPY 437 18 APRIL 22 CALL ... this was pricing around a -0.78 Debit... its not a great risk reward, but its viable and fits within the thesis - but what if we dig deeper?
Consider for a moment that on a Year To Date basis, the Nasdaq is lagging the S&P. The NQ is rallying considerably this morning, but before the open, it was down by about -14% YTD vs. -11% on the ES. So perhaps if the market bounces over the next month, it will be propelled by mean reversion in the NQ. The NQ is suffering from the same problem as the ES so from a risk reward standpoint, the spread I'd build in the QQQ would follow the same logic as the trade in SPY above - you just might get a little more upside movement in the NQ and thus a little more bang for your buck - maybe... but here's an interesting idea...
Can you think of a Nasdaq stock thats been nearly cut in half since the start of the year? Because I can - Facebook. Regardless of the Declining Wedge idea, FB will likely have a vicious relief rally in the coming weeks, if for no other reason than the eventual short covering. I'm very interested in putting on a ratio back spread in FB in anticipation of that move. Something like this:
SELL -1 FB 29 APR 22 CALL
BUY +2 FB 29 APR 22 CALL ... this was pricing for around a +0.27 credit ...
Bear in mind there is a significant amount of risk in this trade with a max loss of about $1,500 per unit. However, the exepected move for FB over the next 45 days is about +/- 30pts, which gives this trade fairly good odds of seeing degrees of profitability over that time - and bear in mind that the profit potential is pretty damn good considering the trade is being done for a credit.
Happy trading :)
METAVERSE - What goes down must....Holy smokes. The Zucc's FB has fell off completely although could this be slowing down gradually? We are approaching a few key levels which will be interesting to see how price reacts in the upcoming weeks, although this is for certain a good long term buy imo - with the metaverse only being around the corner this is a good opportunity.
FB Now it's time for it to fly high!! NASDAQ:FB
Meta - After too many stock price declines and high percentages of wrongful falls, its report was not that bad at all.
And the war just made it continue to go down unjustifiably .. even though in wars there is always a lot more use of social networks!
Beyond that reels undoubtedly fights strong in tiktok in addition to meta also strengthens its investment in Metaverse which is the internet future soon
$FB - Someone Put This Out Of MiseryJust popped in to take a look at Facebook.
Zuckerberg? More like Puckerberg. Because this is an awful look.
Descending triangle is ready to lead to even more losses for this social media giant.
Facebook stock is still not cheapI got a lot of messages last week from people asking if they could buy at $300-330 when I didn't have a clear plan to trade. They were chattering on social media that Facebook shouldn't be so cheap. On the other hand I could get word from many sources that numerous trading houses, banks, etc. thought that tech stocks were still not cheap and that institutions were moving away from highly valued stocks that were on an erratic growth trajectory.
The reality is that the price of Facebook NASDAQ:FB has fallen quickly below multiple support levels, especially below the uptrend line and EMA 200, and there is still a predictable opportunity to short the stock if there is an upward rebound correction.
Shopping at GAPs..!These days, your stocks create big gaps (usually down side) after earnings!
Some People think this could be a good opportunity to enter a long position.
but
Is it really good to do that?
My simple answer to this question is:
No
Why?
Look at these examples in the past few months:
FB:
DOCU:
PYPL:
F:
ZM:
PINS:
WISH:
UPST:
BABA:
I hope you are convinced by now..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Facebook ( Meta) Full chart pattern Hi,
This is 2 probably pattern for F.B .
For opening a position wait for trigger
Weekly Levels Strategies: Support/Resistance Crypto, Stocks, etcBitcoin, Ethereum, Solana, and cryptocurrencies as a whole are caught in consolidation where a breakout to either side will define the trend. Stock market indexes of S&P 500 and Nasdaq have given a bullish signal but where will that change? Commodities like oil, wheat, and corn are ripping. Gold and Silver are giving bullish breakout signals. Tech stocks are teetering on edge while defensive plays like utility stocks are rising.
Worst for investors has yet to be seen The weekly chart for Meta shows a company whose share price has plunged for the past weeks. A first sign that implies the company might keep falling is the fact that the 60% Fibonacci level drawn since Corona to ath has been broken during the recent sell off, meaning that worst for investors is still yet to be seen as we enter into a proven downtrend only now. Not only, but the 21 and 55 MA have death crossed, meaning that the price will likely recover for a short time, like we are doing, and then keep falling. The yellow level shows one of the strongest monthly supports at which we could expect price to hold up of, which will likely not happen. If we break below the yellow support, price will drop fast. Hopefully stopping at the first or second red level. Even though I believe it will keep falling even further.
