Facebook (FB)
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.
a well liked stock that is certainly not finished (FB)facebook is making the rounds down to the 200 area, but whats this stock really worth? theres no reasont to think a turn around is happening per se but if we see conditio s that indicate its headed for the vwma i like this thing long.
FB (Meta) - Outlook ✅Let's see how FB (Meta) is behaving.
This is a 1D chart. (Long Term)
Fib retracement levels show that the price has consolidated for a long while in the blue area -$271- (as shown on the chart) and has turned that area into a strong resistance area. This alone can confirm that Facebook needs massive buy volumes to pass that area. For now, any price below that level is possible for consolidations.
Red area:
Our solid resistance level, which requires strong buy volumes for passing
Orange area:
Local resistance area;
Bouncing back from our local support can help us pass this area.
Green area:
For now, this support area can hold the price up.
It hasn't been tested yet, but bouncing back from this level can confirm a bullish market for Meta.
Dark Green area:
Let's say the market is bearish; we can count on this area for solid support in case of more dumps.
Support levels: $114 - $189
Resistance Area: $228 - $271
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing SELL volumes for FB.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that FB is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $200.06
Let me know your ideas.
Good luck.
FB BLOCKS RUSSIA OPPORTUNITY FOR LONGFB Blocking Russia dropped down FB stock down because of customer loss since the ban of It fully finished main Elliot wave (1-5) and reached complete Elliot wave fib zone of 50% and strong monthly support, it bounced off of it on a daily chart and now we are looking for a retracement to at least 50% fib zone of a downwards movement which is at 260 zone, our stop loss should be just below monthly support because if it breaks it, FB will break out of the monthly uptrend stop loss zone 171, entry price: 203. Also regarding fundamental analysis after banning Russia, people that are supporting Ukraine will support FB decision and it should increase the possibility of price rising.
META [FACEBOOK], FBSimple Trade , Positional Trade
Hopeful We Can The "Fundamentals " To Push Us UP
With The Met Being Part Of The MetaVerse , That Enough Can Assure Us META We'll Recover
I Will Keep Updating This, But With Technical Analysis We Are Looking To Fill The Imbalance And Retest The Orderblock
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related articles:
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FB Support at $190 to $195Looking at where Facebook is going to turn around using trendline. I think it could turn around around $190. What are your thoughts?
FB looking for some up side Fib tool shows some interesting price targets! Everything looks very nice to me! All of the occolators and indicators are all showing signs of a potental reversal.
Buying Opportunity In Facebook (FB)Yesterday was an epic day for FB, posting a 4.61% gain amid heavy geopolitical tension.
Here are the key levels to watch for FB going into March’s trade:
GAP, $309.53 to $248.00
2020/2022 78% Retracement, $190.55
Here's the trade:
1) Buy $205-$208
2) Stop out point at $189.00
3) Profit target anywhere in the GAP. The conservative upside target is at $248.00
With a hard stop-out point beneath $190, this isn’t a bad place to buy in and play a return to the GAP.
Meta Platforms (NASDAQ: $FB) Touching 0.786 Fib Pre-Market! ♾️Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
FB Long Swing | FB | LONG @ 224 - 234 | TP @ 236, 240, 244, 248, 252 | SL @ 200 | PATTERN = MORNING STAR |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.
"Meta" Collapsing "Platforms"Purchasing power gains lost. PE ratio is 15. So where are the real gains? Should we be expected to wait 15 years to get our dissolving dollars back from dividends?
Good luck and hedge your bets.
FB inverted hammer formed is it time?Inverted hammer formed at key levels. Might look to enter if candlestick is nice.
FB stock seems brokenBroke below my support of $219, sold my calls for a loss, went short. Seems every single day since ER nothing but more bad news piling on to this from lawsuits, to privacy, threatening to shut down in EU, competition, to Apple and now today's announcement of Google's IOS changes. Whistleblower claims about fraud regarding value. I was looking for a bounce to $240-260 but seems every rip is to be sold $241, $233, $225, $221 lower highs and lower lows. Yes, they appear to be profitable, for now. Yes they have $60b in cash but their bets are the metaverse are far off. I believe this stock will be under $180 soon. Facebook hasn't been "cool" for many years, mostly people complaining, the next generation doesn't want it, and like many bashers say this could be myspace in 2007. It rebounded half of it's loss with the market, but it's been doing this daily. Time will tell......!
finance.yahoo.com
www.cnn.com
www.npr.org
Free Speech For The Win. $DWACTrading within the channel continues. No shares available at the moment to short. Very risky going against the stock. Looking very Bullish in the immediate short term and long term. Of note, competitors $TWTR and $FB are down tremendous.
Buy Meta (Facebook) at 195$-198$ to target 215$Buy meta at the markets open, at maret (probably 195$-198$ range) than w8 some days to sell at 215$.
$FB continue down trend$FB continues to down trend after the disappointing earning, backlash from the whistle blower, and continued pressure by the congress about the privacy.
with the overall market continue to trends down, there's highly likely that $FB will get dragged by it. i think in my personal opinion FB will be a dip buying
opportunity for long term. I think the metaverse will save Facebook 5-10 years from now when it fully lunched. but that future is still a bit far for now.
specially with US economy facing inflation or already are, plus the possible war with two countries Ukraine and Russia where US trying to get involve.
things might get complicated from here.
Day trade or scalp target play: 02/22/22
Buy call above 209.05 sell at 211.05 or 212.95
Buy puts below 203.98 sell at 201.98
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