Bias more on downside for META. Take Note:
1) Next week earning report.
2) Meta layoff workers maybe a good news for the last spike to reach ideal price to short.
Support: 200/180
Meta
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 Swing IdeaMETA is heavily overextended and we are reaching some strong structure hopefully we can see a reversal, gonna enter some puts and leaps next week. The road to 6-figures is real.
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.
$META about to get demolishedShort $META, $200p for April 21st expiration. Bearish divergence and overextension cluster on the daily timeframe. Major rally from the bear market lows, and reversal coming soon.
All set to hit 16 by May?Looks like its geared towards 16 in next 4-5 weeks. Could this happen? It could be. Enjoy the ride.
META - POSSIBLE REVERSAL FROM THIS ZONEMETA has had a good uptrend since Nov 2022 but I am not expecting it can keep it up any longer. I expect a downtrend from 215 ish. Lets see what happens!
Trade Idea - Meta at a pivotal areaMETA has been doing the heavy lifting for the communication sector.
One of the reasons communication sector is the best performing sector year to date is simply because of Metas outperformance.
Once the key moving average intersects it likey will result in a downtrend. Meta bulls have more work to do to stop this.
$META Weekly Breakout$META looks nice here. Weekly breakout above $200, with a nice gap to fill. I would like to see more volume to confirm the move but not much selling going on. Clean and simple base. Be patient and alert, things can change on a dime. If you recognize these changes and act accordingly, you will be ok.
META W1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
META SHOW A DIVERGENCEMETA 1-hour up section occurred Divergence, retracement into sideway trend area, the average intersection of the place will probably have two support, respectively, 182 and 170 near.
Say hi to the new CokeCoca-cola = mass consumption/addiction / global conscious creator
Meta= mass consumption/addiction / global conscious creator
Mark is going to be the 1st trillionaire by 2050
Look First / Then Leap
META - Rising Trend [MIDTERM]- Medium term Investors have paid higher prices over time to buy Meta and the stock is in a rising trend channel in the medium long term.
- This signals increasing optimism among investors and indicates continued rise.
- META has broken up through resistance at 183.
- This predicts a further rise.
- Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
- Overall assessed as technically positive for the medium long term.
Verify it first and believe later.
WavePoint ❤️
META Layoffs: Good or Bad?Most people assume layoffs are going to drive the price of the stock down. NOPE, general consensus on the professional side is the sooner layoffs begin, the faster the company can recover from declining revenues and earnings, and reinvent.
META is a stock in a sub-industry that has few members, hence it is used in many ETFs and mutual funds due to that rare sub-industry group.
It has some stiff resistance shown best on the weekly chart above current price. But with support from institutional investors, the stronger support level in the bottom formation is likely to hold.
META: Breakout: Cup and HandleMETA breakout with a first stage base/rounded bottom & accumulation. Low volume confluence with "handle" is setting up for breakout and second stage. KL: 204.80, 211.64, 217.51, 226.84, 236.99// Long Bias on higher auction and price rediscovery from levels last seen in Jan 2022 sees PT of 289.11// Beta: 1.16, ATR 6.79, IV: 40.55% // Bias: Risk On; Failure < 184.87// Price at time of publish: 200.79
$META Long (Cup and Handle Breakout)Over the last few weeks, the market has experienced severe volatility due to the Financial crisis, collapse in oil prices, and indexes getting slammed.
However, the Growth areas of the market ($QQQ) and in particular Tech and Communication names have held up strong.
$META, being one of the largest components of $XLC (along with $GOOG/$GOOGL), gapped up on ER into what we would refer to as a COD setup.
The market has now given us a Cup and Handle breakout, along with a bullish momentum regime in the RSI, which we are using to justify a long position targeting the 230/230 area.
We will be using the Jun16 230/235 Call Debit Spreads at 1.00 to capture this potential price movement. At 93 DTE, we have plenty of time to withstand consolidations along the way.
We will cut with a stop below 185.
SELL META STOCKGood sell opportunity in $META after this breakout of the uptrend, now targeting double bottom at $125.
Low IV consolidation IV Rank on META is relatively low currently based on historical averages and the previous earning reports have been negative.
Looking to create an Iron Condor one standard deviation away from price to collect premium on the time decay as there may be some sideways trending movement
META: Possible LONG Setup Ahead - Fundamental NewsMeta Platforms has faced some challenges in recent times, with a drop in share prices since its peak in 2021, and investors remaining cautious about its future prospects despite a recent recovery. Its advertising business has been struggling to maintain its former success, which has put significant pressure on the company's profitability. However, Meta's family of apps has experienced growth in engagement throughout 2022, which suggests that the company is still relevant. To improve efficiency and profitability, Meta is focusing on cost-cutting measures in 2023.
Nevertheless, there are concerns about Meta's recent investment in the metaverse industry, with the Reality Labs metaverse business showing a slight decline in revenues in 2022. While the potential for the metaverse to generate significant revenue is optimistic, the industry would have to reach mass distribution to achieve such numbers. Furthermore, it may take longer than expected for the metaverse to gain mainstream adoption, resulting in a lower return on investment for Meta.
Overall, there are too many uncertainties for most investors to feel comfortable with Meta's current situation, with the advertising business under pressure and the metaverse venture still burning through cash. However, for investors with a high tolerance for volatility, taking a small position in Meta stock could be an option if they believe in the long-term recovery and growth of the advertising business and the potential for the metaverse business to generate significant revenue in the future.
