Facebook/Meta Platforms Analysis 15.11.2021Hello 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.
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Facebook (FB)
Zombie-Faces Company May be the Play This Week!With Zombie Faces Company changing its name, its been getting some momentum. Strong day Friday (we have December calls) and looking for continuation into this week. It could be an outlier to a pullback market. Has some supply over its head up to 346.77. Over that could be a nice 10 point pop and some gaps to fill above. $375 by mid-December? Very Very possible.
bullish head and shoulders on Meta .?!NASDAQ:FB
So as we can see there has been an uptrend which was recently broke and now price has created a head and shoulders pattern and also volume is confirming it .
everything is kind of clear in the chart
if u have any questions I can reply , ask it in comments
what do you think about it ?? what's your idea ?
Inverse Head and Shoulders forming on Meta
Inverse head and shoulders may be forming on FB. I'll look for a price move through the neckline with a Stop Buy to pick up a long position.
For the more conservative you can wait for a close above the neckline before placing your buy. Next level up in being more confident is a confirmation candle thereafter.
I'll place my stop loss just below the neckline - 1 or 2 ATR - to keep my risk under control.
FB Update + Spinning Top ** AN Update on my previous FB post
FB is playing out perfectly and looking to continue this bullish breakout. Having recently changed its name and business model, we have seen lots of hype and talk about FB, or META as its now called. I think that META will become a huge player in the next 10 years and this is definitely a good area to start accumulating shares for the long term
On the weekly chart we have seen FB create a BULLISH spinning top candle, indicating bullish momentum. This is a good indication of short term trend and was where I entered spreads and shares.
For this play, we are looking at the short term. After breaking down from its upward channel, it was on a strong downtrend for around 6 weeks, moving back into a demand zone at the $325 area. We have seen a strong bounce on both the weekly and daily charts indicating a strong demand zone, and a possible reversal.
Has been playing out perfectly and I am already in spreads for January. I still believe we are at a good price and will be accumulating more shares as well.
Good luck everyone.
MANA! Set up META! This about to be epic. Making virtual land the only way to buy is THROUGH MANA!. Awesome!
It will be like MRNA in Covid Times $$$$$$$$$
Well let’s see if this goes lower.
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$ionqSeeing the Nvidia event directed my eyes to this stock. But, just playing technicals, i seen today that it has broken out of a falling wedge. Also the daily trend is another confirmation that there may be upside here, None the less they have earnings next week. i plan on playing this run up and selling half into ER. Anyone else eying this one?