Meta to close it's gap?Meta - 30d expiry - We look to Buy at 156.56 (stop at 144.94)
We have a Gap open at 02.02 from 153.12 to 183.38.
Bespoke support is located at 155.
A higher correction is expected.
We look for a temporary move lower.
Remains bullish while above last week's low.
Traded to the highest level in 34 weeks.
Our profit targets will be 184.88 and 189.88
Resistance: 197.16 / 200.00 / 205.50
Support: 180.16 / 170.00 / 155.00
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Fblong
FACEBOOK 25 % pump (NEW)After dropping to lows from 2015, most likely we will see a bounce.
-RSI is very oversold both on daily and weekly timeframe.
-We have a gap which most likely will get filled. After filling the gap, we expect the price to come back down.
-The price dropped 75 % from its ATH. Many investors bought meta stock to ride the bounce.
FB (Meta) - Recovery Along Trend Line Similarities can be seen between the first dotted upward trend leading to a rejection, and the second also leading to a rejection
Both retrace to the same uptrend
This is the daily chart, with the first rejection at 2.618 and the second at 4.618
Good buy potential on this daily timeframe
FB-BUY+++The pattern looks interesting. It looks kind-of FALSE BEAR FLAG with the pole being far away due to the GAP.
The FIB. corrective levels are clearly defined, and thinks we should see minimum back $ 300-310 for now.
BUY current $ 220 or if long slightly higher, one adds to it. NO Stop loss I can suggest due to the oversold nature of this market.
profit target $ 285-290 at first, but likely $ 300-320.
FB - STOCKS - 17. NOV. 2021Welcome to our Weekly V2-Trade Setup ( FB ) !
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4 HOUR
Bearish break towards previous highs.
DAILY
Expecting another push to the upside..
WEEKLY
Great price action, looking for more bullish breakouts..
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STOCK SETUP
BUY FB
ENTRY LEVEL @ 342.58
SL @ 323.06
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
FB/Meta - Resistance Turned SupportWeekly chart for FB and newly named Meta
It can be seen along the 1/1 Gann line that a previous resistance (red oval) has turned into a support (green oval)
The 50MA can also be seen as a point of support in both points
Now is the time to go long, with the new Metaverse pursuit and the consistency of price displayed through history by Meta
FB LONG Position: LONG
Entry Price: $324.61
Target Price: $395.00
Stop Loss: $320.00
MACD line has connected with the Signal Line. This means that there is some positivity in the market pertaining to whether to buy or sell FB.
RSI shows that FB is not overbought or oversold and hence indicates a stable for the stock. Hence, it is expected that this direction of the trend is maintained.
ADX is currently at approximately 32 (a number this high means that a strong trend is being maintained and is expected to continue)
Conclusion: A long position is recommended as the general trend seems to be bullish over the past few years and it is expected that the stock follows the same channel in the long run.
no financial advice
Facebook long opportunityEntry price: 335-340$
Target price: 352-354$
RSI: neutral, approaching 50 level, so there is potential for the future growth.
Candlestick Patterns: Hammer and Bullish Kicker
Fibonacci Extension: The last candle crossed the Fibonacci 161,8% level.
Conclusions: Candle patterns and RSI suggest bullish momentum of the asset. Moreover, the price just crossed the last resistance level, thus the long position is recommended after this resistance level will be retested as a support.
No financial advice
FB longEntry price: 337-342$
Target price: 377-384$
Candle pattern: Bullish Harami
Keltner Channels: the price beyond the lower band
RSI: indicator approached the 30 level, therefore the market is close to be oversold
Conclusions: RSI, candle pattern and Keltner Channels suggest the trend reversal. Thus, the long position is recommended in the support zone.
No financial advice
Long FBEntry price: 369-375$
Target price: 408$
Stop loss: 365-369$
Keltner Channel: the price is inside of the channel, approaching the upper boundary.
Chart pattern: symmetrical triangle
DMI: +DI line crossed -DI line from the below. Moreover, the intersection moment appeared above the ADX line what might suggest the bullish momentum of the price.
Conclusions: The price broke the upper boundary of the triangle pattern, however there is no volume increase at the moment. Thus, long position is recommended after the price correction above the pattern with the entry price on the new support level.
FB on new high! Long ScenarioHello everyone!
Such an impressive long trend on D1 chart.
I'm looking for long position from here with 50% volume, and after the price breakout to high point I go with the other 50% of my position.
Why like that?
Let's give you an example:
- I want to buy 10 shares of FB but right now the price is at important price, but my analysis say: Buy
- I buy 5 shares to have a low risk then the original. If the price go down and take my SL I lost with 50% less
- If the price go above the high point, I buy my other 5 shares and secure the other 5 that I already have in the market. Now I have 10 shares in market and the same risk 50% of my original position.
I hope I make it clear!
Enjoy it!