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 !
Facebook (FB)
Deep value trade on $METAAfter $META's earnings were released today, META dropped around 25% in the premarket. This brings META's current valuation to the valuation it had in 2015 (despite the fact that META's latest quarter produced a net income over 6 times what it had earned in 2015).
Evidently, META is currently trading at a large discount, at roughly 2 times its book value, with a heavily discounted price-to-earnings ratio of 8.31, and an RSI of 24.45 on the weekly chart.
The bearish argument for the company is that it is burning cash on its recent pivot to the metaverse, which many see to be a failed venture, but this argument was clearly priced in prior to the release of earnings, so in my view, the crash from earnings is very superficial and could revert easily and quickly.
I opened a long position at around 100, and aim to close my position around 125
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.
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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How Low can "Meta" Go?NASDAQ:META
FB reports next week - without belaboring the real lack of value that thing has as a service on their primary properties, I deleted my account 4 years ago and found an extra hour in every day since, but on the business side - their investment in the "metaverse" is going to be horrifically bad. They have spent $10b to $15b on the thing and only a handful of users even make it to month #2 of membership. It is so bad, they struggle to find enough people that actually use the thing to survey for new features as a focus group. More people live in Reno, Nevada (by about triple) then use "New Horizons."
www.businessinsider.com
This looks like a safe short.
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
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 (1W) - Short term Correction UPwards. Wave B coming ? Heloo Traders and all kinds of Speculators :),
Today i got interested into META ( Facebook) which lost around 65% from its ATH. You can see that chart forms something similar to Falling wedge or Ending diagonal within wave (v) of A.
If so, we could reach a support ideally at 125usd. (or range between 130-110usd).
From where corrective wave UP could begin. With possibility to gain +50 to +75%. Sell zone is between 190-230 USD.
For such move the entire market should enter another bear market rally and a lot of Positive news (Temporarily).
At price around 125USD ... the P/E Ratio will be 10,5 which is very tempting for company like Facebook.
Consider your Risk : Reward ratio. Hopefully no Long-term investor will take this chart too serious for some significant position. (It could be but i think another wave C will come)...
Take care and trade safe. ;)
META Buy signal within the Falling Wedge.The Meta Platforms (META) have been trading within a Falling Wedge pattern since the April 05 High. After that we've had two Lower Lows and two Lower Highs. On Tuesday the stock came to its closest to the Lower Lows trend-line since June 23. As the 1D RSI breached the 30.000 oversold barrier, we have a strong short-term buy signal in our hands, targeting the 1D MA50 (blue trend-line) and the top of the Falling Wedge.
* A break above the 1D MA100 (green trend-line), which has been untouched since December 30 2021, can extend the uptrend on the medium-term towards the 1D MA200 (orange trend-line).
* A break above the 1D MA200, which has been untouched since January 06 2022, can be enough to restore the bullish trend on the long-term.
* A break below the Falling Wedge, can accelerate the selling targeting the 1.5 Fibonacci extension.
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META Growth is Building Global Expansion and Adoption.META is down 64.50% from it's All Time Highs and reaching an area where we like the potential for some basing price action. We could get a spike well into our Target areas of 142.32 with some profit taking and another chance of potentially retracing to our 139.11 for developing into the counter trend Day 1 reversal and confirmation.
At our Firm, we've adopted the metaverse and virtual world with complements into our AI framework. Another to watch with META is RBLX.
I've been watching SPX and SPY (charts below) and have been nibbling on Semiconductor stocks. There is going to be upward 'back-filling' in that direction.
META - Facebook trade setup Idea 15-september-2022Meta has not bounced from its support level as expected. We will wait for a day or 2 to see how price action works at this level before taking a long or short position.
The next level of support if the current support level(149 level) is broken is around 135. It would take some time to reach there, besides there would be some volatility with these ranges before it reaches 135 levels.
the next level of resistance is around the 167 levels.
We will wait for the price to show us the direction in a day or 2.