META levels for options tradingMETA daily and hourly
Holding the 9EMA pretty well on the daily and consolidating in a tight range. watching this little pattern on the hourly ping pong back and forth. I have eyes on 236-237 as a resistance and 230 zone as support. Watching for which side breaks first, until then can trade the range in between.
Meta
META BULLISH SCENARIO CONTINUATION META has a lot to recover to previous heights and has been doing well since November of 2022. The 380-level target is still far away, but the growth recovery rate is impressive for the past 6 months. Those typical for the stock earnings gaps might deliver father, due to the monetization model of all the platforms developed by the technological giant. Research shows from the 21 minutes average spent by the user in 2018 this number has nearly doubled to 39, which means boosting the monetization model, advertisement, engagements, etc.
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META Showing massive recovery and upside new target!Reverse Cup and Handle formed on Meta Platforms.
Price has once again gapped up on the daily 13% up for the day.
This was after the Earnings report came out strong, and after Mark Zuckerberg said he will be focussing his efforts more on AI this year than the Metaverse.
The indicators are looking sexy.
7>21 Price >200
RSI>50
So my first target for Meta will be at $355.12
SMC:
Below the handle of the Cup and Handle, is a strong Sell Side Liquidity (Order Block). This is where Smart Money comes in sweeps selling (Shorters entry and Longers stops). Then SM sweeps the selling, buys into it and BOOM away and up it goes. Very bullish in my opinion.
MY OPINION
THERE ARE A FEW REASONS Why I think the world isn't ready for Virtual Reality to the extent Meta aims for:
High Cost: VR technology can be expensive, and not everyone can afford it. Looking at the price of Oculus 2 - it's not for the average joe.
Limited Accessibility: While VR technology is becoming more accessible, not everyone has access to the necessary equipment or space to use it.
Motion Sickness: Some people may experience motion sickness or other discomfort while using VR technology.
Time: Right now VR headsets lasts for around 2 hours. Then needs charging. This isn't conducive for learning environments.
Weight: Have you put on an Oculus 2 headset? It's very heavy and cumbersome. We don't all have the strength to wear these things.
PS: I do have an Oculus 2 and I absolutely love and support the movements. Ever since Samsung VR headset came out, I've been obsessed.
Lack of Content: Despite growing interest in VR technology, there is still a limited amount of quality VR content available. Unfortunately, the target is on gaming, fitness and maybe socials. I still think there is a massive opportunity for more educational content, games, apps and learning material that VR can offer. I remember EDUVR - not sure what happened to it.
Limited Realism: While VR technology has come a long way, some people may still find it lacking in terms of realism. Unfortunately, people still have the stigma of wanting to be in the real world versus on a screen. This is the same way they acted when computers came out. Also when the internet came, they were hesitant and only "nerds" went on.
Social Isolation: VR experiences can be isolating, with users often cut off from the real world.
Learning Curve: VR technology can be complex, and some people may be hesitant to invest the time needed to learn how to use it properly. Just like it's difficult to teach older generations how new Smart Phones and Smart TVs work, it is similar to VR technology.
Lack of Compatibility: Different VR systems may not be compatible with each other, which could limit the ability to share experiences across platforms or devices.
Look before you know it, VR and AR will take over the world and everyone will be using it in some way or form. Maybe not in the next couple of years, but DEFINITELY in the future.
META running to $250+As we analyze the 4 hour chart of META it has produced a beautiful channel and producing very good opportunities to buy off the channel lines both long and short from the top of the channel and also the bottom.... I am going to stay bullish on META and the trend and see price heading over 250 dollars... IF there is any sign of weakness we will get ready to draw our (white channel) and get ready for downside.. until then "the trend is your friend"...
Meta Platforms Stock Soars Despite Weak Business PerformanceCan you believe it? Meta Platforms stock has risen by over 70% this year, outpacing the S&P 500's 7.5% growth over the same period. At first glance, it might seem like everything is going great for Meta, right? However, the reality is a bit different. In the fourth quarter, Meta reported a 4% decline in year-over-year earnings, and analysts predict that there will be another decline in the first quarter (which we'll find out on Wednesday). So, why is the stock rising so quickly despite the weak business performance?
Well, there are a couple of reasons. First, at the beginning of the year, the stock had a very low valuation, with a price-to-earnings ratio of about 10. Analysts expected the company to have double-digit growth in earnings per share over the next five years, but the low valuation didn't reflect this. The recent surge in the stock price has brought it more in line with analysts' expectations, so you could say that the stock has adjusted to a more rational valuation.
The second reason for the stock's growth is the cost-cutting efforts by Facebook, Meta's parent company. Mark Zuckerberg has made "a year of efficiency" his top management theme for 2023, and the cost reductions are expected to lead to significant earnings growth during the year, which investors believe will boost profits and support the stock's current valuation.
However, it's worth noting that Meta has continued to post disappointing results since 2021, and the stock is still down from its all-time highs. Meta's business is still facing considerable uncertainty, and there are questions about the company's long-term margin profile and sustainability. The volatility of the social media company's cost structure over the past few years also makes it difficult to predict earnings changes over the long term.
While the recent stock price increase is good news for Meta shareholders, it also means that the stakes are higher for the company to do exceptionally well going forward. Investors will be looking for more information about the company's long-term margin profile and the sustainability of its business when Meta presents its first-quarter results on Wednesday.
NASDAQ - Expecting a deeper pullbackHi there, traders!
After yesterday’s drop, the U.S. stock market got a breather on Tuesday evening as Big Tech earnings began to roll out, led by better than expected reports for Google and Microsoft.
Looking at things from a technical perspective, we do anticipate the price to continue dropping today due to some key trends on the Daily and 4H timeframes. If we see a consolidation underneath the 4H trendline, it’s likely that the price will continue to drop.
Remember, today is an important day for earnings reports, with Boeing reporting before the opening bell, and Meta and eBay set to report after the market closes. These reports have the potential to move the market, so keep an eye out!
We’ll be keeping a close watch on everything and will update you in the section below if anything changes. And as always, trade with care and let us know if you have any questions or concerns!
$SPY pre-market Resistance Rejection | $QQQ megaphone | $META ER- AMEX:SPY rejected from its pre-market highs and couldn't get over it then bears took over.
- NASDAQ:QQQ forming another megaphone pattern on 4h time frame
- NASDAQ:META Beat bullish earnings reaction
- NASDAQ:GOOGL fades all of its earnings gains and went red NASDAQ:MSFT held its gains.
- NASDAQ:AMZN earnings report tomorrow AH
$QQQ Watch for a Key BreakNASDAQ:QQQ eyes on tech earnings (MSFT, META) this week. PA distributing like SPY between critical levels, but currently looking bearish after failing to break out of pennant. Both need to break respective pivot points for continued downside pressure to bottom TL.
Positioning: LT Short
BUY META Weekly TimeframeRectangle AEFD is a major golden rectangle in the NASDAQ:META with a time axis from September 2012 to January 2024 of 593 weeks with PHI expansion from focus.
Time Cycle:
Progression: 225 ( 224 +1), 367 ( 364 +3), 593 ( 588 +5)
1 + 3 + 5 is also a Fibonacci series. ( 3 successive PHI progression signifies end of cycle).
Total price Unit = 366.99
366.99 * 1/3 = 139.88 16 March 2020 low
BEHG is a 1 x 1 square. The 1 x 1 and 1 x 2 angles serve as support and resistances within the square. ARC BH served as a support for the low 31 Oct 2022 low.
The top comes in at 237.48 level, the top arc of the ellipse has a rising resistance from 235 to 244 level.
Trade safe
$SNOW Setting up It is essential to exercise patience and caution in your trading strategies. One such approach is to **allow the market price to come to you, instead of chasing after it impulsively.**
In the case of NYSE:SNOW ,
**puts below the 135 zone
and
calls above the 148 zone.**
However, it is imperative to exercise restraint and not rush into any day trades or swings without proper candlestick confirmation. (1-3)
It is crucial to note that impulsive trading decisions can lead to costly mistakes and result in unnecessary losses. As a trader, you must have a clear understanding of the market trends, indicators, and risk management techniques. Patience and discipline are the keys to success in the trading game, and it is essential to develop and maintain these qualities.
Additionally, having a solid trading plan in place and sticking to it can help you stay focused and avoid making impulsive decisions. This includes having well-defined entry and exit points, stop loss orders, and profit targets based on your analysis and risk tolerance.
Remember, trading is not a get-rich-quick scheme, but a long-term game of skill and strategy. With the right approach, mindset, and tools, you can become a successful trader and achieve your financial goals. Stay patient, stay disciplined, and stay focused on your trading plan, and success will surely follow.
META - Short Term ReversalMETA has encountered a short term trend line that was previously a support line but now is being tested as resistance
this is a good opportunity for price to be rejected and recovery a bit lower
I have shown this lower recovery with the bars pattern tool.
This would be sort of a scuffed inverted head and shoulders if the price falls down a little.
Meta Platforms:Overcoming Challenges and Embracing OpportunitiesMeta Platforms, formerly known as Facebook, has undergone significant changes in recent years, with a tarnished reputation due to numerous data breaches. However, the company has made efforts to address these issues, and now faces new challenges. One such challenge is the impact of the economic downturn on its primary source of revenue - online advertising. This has led to a decline in revenue, with profits falling for the first time in a while. Nonetheless, the online advertising market is expected to grow at an average annual rate of 14.7% through 2027, providing an opportunity for Meta Platforms to recover.
One advantage of Meta Platforms is its vast user base of 3.74 billion monthly active users, providing an ecosystem too large to ignore. Moreover, the company is making strides to monetize some of its apps such as WhatsApp, with paid messaging services gaining momentum. Additionally, Facebook Reels and e-commerce markets provide significant long-term opportunities for the company to generate revenue.
Despite its recent struggles, Meta Platforms is implementing cost-cutting initiatives and restructuring efforts to improve its financial performance. While the company's investment in the metaverse, a potential HKEX:1 trillion opportunity, is yet to yield results, it is expected to pay off in the long term.
In conclusion, Meta Platforms' revenue is expected to increase in the next few years, making it a worthwhile investment.
FaceBook (META) - Long-Term Approach to Big Gains.Hello All,
As we can see Facebook (Meta) has sold off almost 50%. On a fear and greed chart, we would be entering the fear stage which is now presenting us with good long-term buying opportunities. In the chart we labeled three areas to start Dollar Cost Averaging back into Facebook (META). In the first area, we would allocate the smallest portion while the final area would be a larger portion.
This is for long-term holding and not trading.
The markets are extremely uncertain currently. At the end of last year, we have sent warnings to get out of the tech sector, due to high levels of greed and overextended markets propped up by money printing, new investors & news narratives. Now that these stocks are coming back to earth we are presented with new long-term opportunities over the coming months.