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Will you buy Facebook shares now ?Please read this article here When I review the weekly chart , I see that it has hit a support level at 249.05 level. The last time it was at this price level was in August 2020. I won't be rushing to buy although a 20% drop is a good bargain for a value investor. I will monitor the price over the weeks as I suspect it might drop further to the next support level at 223 level. The orange dotted line is bullish trend line and we can see if the price hits 200 price level which will be the 3rd time only since Dec 18 and Mar 20. That , I think is quite unlikely and remotely going to happen.
NASDAQ:METALong
by dchua1969
Meta's symmetrical triangle$FB will soon change its ticker to $META. The stock formed a symmetrical triangle around its 8 and 21EMAs. A strong Day 1 candle coupled with higher than normal volume will resolve this recent pattern. In such a case, we expect $FB to get above $200 and reach its 50SMA around $204. For such a move, we need to see the $QQQ at the higher end of their recent channel or preferably above it. Watch the action in $FB as a gauge for overall sentiment in tech.
NASDAQ:METALong
by Eclubtrading
Meta Platforms (NASDAQ: $FB) COO Resigns & Signals Bullish Move!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.
NASDAQ:METALong
by RedHotStocks
3
How far could FaceBook face plant? Down to the 2019 low.Firstly, a hat-tip to Wyckoff Analytics for identifying this Meta Platforms short as structural trade, comparing it to the structure of NFLX. Pure genius! Today, that seems to be paying off with FB down as much as 9.36% in extended hours trading. The above chart shows my analysis of possible targets using Wyckoff P&F charting method. You can see that the first target from the original apex distribution, which started in August 2021, has been met pretty perfectly by this current (prospective) re-distribution structure. The Wyckoff methodology has us look out for a trading range at the target, and that is exactly what we got. That trading range is looking a lot like re-distribution, especially given the overnight price action. So, I have added some targets based on this re-distribution structure. Price is already in the zone of the most conservative target. That might mean that there is some consolidation here as a Major Sign of Weakness (MSOW). Two more aggressive counts are provided of 138-150, and 99-138. I will look at some "fine tuning" of these with intra-day counts later. The structural analog targets around $115, which is the center of my most aggressive P&F count and targets the 2019 low. It's really powerful when two separate techniques confirm each other. As always, we need to judge the market by its own actions. The analog and P&F counts could both fail, and we might find that the current structure is actually accumulation. So, keep on your toes, but I'm personally short FB and I'm not exiting yet.
NASDAQ:METAShort
by skitrader
Facebook earnings potential - small business boom and bustI'm in the marketing industry, so this post is coming directly from experience. Facebook/Instagram marketing is severely underusesd in the sectors that would most benefit from it. Even if we account for recent problems in the market and the purchasing power of people, I see the demand at least doubling in the next 2 years. In fact, from my accumulated basket of about 300 clients (we produce web shops and business web pages for them), about 120 have businesses that would, in my opinion, greatly benefit from Meta advertising. Out of those 120 businesses, only 10 are using our services in the Meta department. About 20 more are using Google Ads services. My opinion is that for many of these businesses, Meta advertising is becoming a better opportunity than Google Ads. When used correctly, Meta is significantly more successful in finding customers per $ invested. (About 2:1 compared to Google). This doesn't mean that Meta will win over Google, because this only accounts for businesses I would call "eligible for Meta advertising". But, what it does show is that less than 10% of businesses that could benefit from Meta, are using that opportunity. So why not 10x increase then? At the moment, I'm taking into account the fact that this can't grow into infinity and that Meta platforms could get crowded with ads. But, another factor that could (and probably will) fix this is competition among advertisers. From my experience, about 80% of my competition will be wiped out in the next 5 years. They are severely underusing Facebook potential, and the only reason it still works for them is that there isn't much competition like my company. I am deriving this conclusion from a combination of the insight into our old clients who went to someone else for stupid reasons, and my estimate on the quality of Pixel tracking from websites that are using Meta ads. This conclusion could easily lead to more than 2x increase, by the following mechanism. First, we will see a large inflow of small businesses into a low competitive market. This will already cause a massive infow of money, but will also make Meta more crowded. This will increase the price of ads and small businesses with bad marketing companies will slowly start to die off as advertising prices drive them out of the profitable zone. Meanwhile, better advertisers will be increasing their ad spending by advertising fewer companies that are slowly growing larger over time. This will greatly compensate for the loss of retail customers. So, after this, we will see another boom and bust in small retail sector, followed by the boom in emerging companies that grew larger and larger through the guidance of a few competent marketing companies. Time periods for all of these events are unclear, the only time period that I'm 90% sure about is the retail boom during the next 2 years, driven by inflation, useless jobs, increase in small businesses, high real estate prices, and lower costs of running online businesses. 80% of those small businesses will slowly start dying after this 2-year boom is over.
NASDAQ:METALong
by josip