META Daily TA Neutral BearishMETAUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% META, 55% Cash.
* BOUNCE WATCH . Equities, Equity Futures, Commodities, Cryptos, CNYUSD, JPYUSD, GBPUSD, EURUSD and US Treasuries are up. DXY and VIX are down. META has now fallen 77% from its ATH in September 2021 after posting two consecutive quarters of revenue declines and is projecting another a decline in Q4. Their Reality Labs division which works on their virtual reality + metaverse projects has lost almost $10b this year . Their operating margin is also shrinking as cost and expenses rose 19% YOY. People are getting fearful and smart money might be getting greedy. Though premature to say that META has found a bottom, it's looking like it's found a good spot for an impulse bounce. The Employment Situation today showed that nonfarm payroll employment increased by 261k and the unemployment rate jumped from 3.5% to 3.7% . Key Upcoming Dates: US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.*
Price is currently testing $89 support which coincides with the descending trendline from June 2017. Volume is currently Moderate (high) and has been shrinking for five consecutive sessions and is on track to favor sellers for a third consecutive session if it closes today's session in the red. Parabolic SAR flips bullish at $127, this margin is bullish at the moment. RSI is currently trending up at 24.5 as it continues to technically test 26.51 support which coincides with the uptrend line from July 2012 as support as well. Stochastic remains bearish and is currently trending down slightly at 2.72 as it approaches a test of max bottom. MACD remains bearish and is beginning to form a trough as it tests -13.77 support. ADX is currently trending up slightly at 42 with no sign of peak formation as Price continues to fall, this is bearish.
If Price is able to bounce here then it will likely test $107.28 resistance and potentially attempt to fill the gap from 10/26/22 (~$128) when Price fell ~20% on earnings day. However, if Price continues to break down here, it will likely test $74 support . Mental Stop Loss: (two consecutive closes above) $90.
Meta
3 Reasons Why You Should Short Sell META META formerly known as facebook is a huge social media giant.
Sadly they dont give out dividends to share onwers
Pension fund managers buy facebook shares and this is not a good investment when
they buy them at a wrong time in a down trend.
#1-Facebook is in a down trend
#2-It gapped after the earnings report
#3-the price gapped in favour of the trend
It was a good share to buy in 2008
But today you have to SHORT SELL IT.
Take care.
Lubosi7
$MATIC - Coming out of the DENHello my Fellow TraderZ,
$MATIC #POLYGON - one of the strongest Layer2 or prefer to say sidechain for #ETHEREUM, both Fundamentally and Technically.
#META partnership with #ARWEAVE - news has added fuel to its PUMPA recently.
On DTF, $Matic has broken the TL and also trying to close the Daily above the strongest Horizontal Resistance.
Look at the VOLUME, shows a clear buyers' interest. Wait for a pullback and enjoy the RIDE.
CHEERS!!!
Meta Undergoes MetamorphosisFor the 9 year span between 2012 and 2021, Facebook grew at an average of 200% per year. Now being almost rested from a 1800% wave that stretched its value from $19 to $359 per share, Zuckerburg and Co. are ready to make way towards their encore siting near the price tag of $2579. A stock split could alter this price target but if an investor were to buy the big dip near $60, I'd expect the 4000% increase in value to remain a high probability outcome for Wave 3.
While Jim Kramer is shedding tears because he was blindsided, we at least knew that META was nearing its peak level and a finish of Wave 5. While I'm not sure of his nor others approach to technical analysis, Elliott Wave gave clear signal that it was not the season for buying META. The morals of the story are simple, buy the dip, don't follow Kramer's advice and SURF!
How low will META go? Meta has broken the market structure and started a deep dive. The weekly chart looks like a hot RED falling knife.
There are no long term fib support anymore, the trend is now 100% bearish on the weekly chart.
There will be fake rallies until we see a real support.
The only support levels will take us back to 2015 or even before.
Look at the chart for more details:
DYOR and be careful trading this volatile markets with any leverage position.
Buying META calls for 1 year will cost you 25%+ interest "APR"Options are leverage on stock, leverage, "aka" gearing, is a loan. The option extrinsic premium is a form of interest on the leverage. The strike price tells you the amount of leverage your are using relative to buying outright shares. If you are not careful, you might inadvertently end up paying crazy high rates of annualize interest. Options sellers know this, they look for these opportunities to help structure option trades. META SPY QQQ DIA
Elliott Wave View: META Should Continue Further DownsideShort term Elliott Wave view on META suggests the decline from 7.21.2022 peak is unfolding as a 3 waves zig zag structure. Down from 7.21.2022 high, wave 1 ended at 157.92 and rally in wave 2 ended at 183.22. Stock resumed lower in wave 3 towards 131.92 and rally in wave 4 ended at 142.141. Last push lower to complete wave 5 of (A) ended at 122.28. Then stock bounced in a flat corretive structure. Wave A ended at 137.93, wave B ended at 124.37, and wave C ended at 142.69. This completed wave (B).
From wave (B), META reacted lower as 5 waves impulse in lesser degree. Down from wave (B), wave ((i)) ended at 113.59, and rally in wave ((ii)) ended at 129.79. Stock resumes lower in wave ((iii)) towards 96.05, and rally in wave ((iv)) ended at 99.29 as triangle structure. Wave ((v)) lower ended at 92.50 which completed wave 1. Wave 2 is in progress, as 3, 7 or 11 swings higher fail below 142.69, expect the stock to extend lower.
METACan Meta recover as NFLX is already done?
After 75% correction NFLX recover nicely. Aprox.170 days downfall and another 170 days to recover.
META is lagged and this fractal can show us the future of META.
Remember that every big correction can be a great opportunity.
Learn to analyze everything you are buying and investing.
!Not financial advice.
META: Incredibly BEARISH!• META is still in a very strong bear trend, doing lower highs/lows in the short and mid-term;
• So far, there’s not a single bullish sign of structure that could help META. Although there’s no perspective of a reversal, we must keep some key points in mind;
• First, is the $96.37, the black seen in the 1H and D charts above. If, by any means, META reacts and closes above this point, it might indicate some exhaustion;
• META could bounce to its 21 ema again, and this wouldn’t harm the bear trend at all, but this movement would have a high amplitude, as the 21 ema is very far from the price - so be careful;
• Either way, the 21 ema in the 1h chart is going down as well, which might reinforce the resistance area around $96 in a couple of days;
• As long as META maintains the pattern of lower highs/lows, below the 21 ema, below the previous resistances, the bear trend will just persist;
Remember to follow me to keep in touch with my analyses!
Meta Obliterates SupportMeta/Facebook has destroyed its nearby support level and has nothing left to sustain ground for any lasting upside push. A relief rally could come over the next couple of years however, the downward slope has already initiated. Barring any rise above $305, it can be comfortably assumed that Meta will look to discover support near the $60 range. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
🔥Why should the META grow by 182%? PE, EPS, QT, crypto(?)🔥 Hi friends! 434 days from ATH to 2015 year lows. Zuck lost almost $100 billion in 13 month!
Why do I think that META should grow by 182%? The answer will be in the end. Now we gonna talk about the main reasons why the 1 trillion company fall to 270 billion capitalization.
🔥 First of all, if you want to undestand why META fall so deep, you should pay attention to the fundamental data.
📊 EARNINGS
3Q REV. $27.71B, EST. $27.41B, beats by only 1%
3Q EPS $1.64, EST. $1.89, lower by 15%
3Q FACEBOOK DAILY ACTIVE USERS 1.98B, EST. 1.86B
95% of profits Meta is advertising. According to the company's report, we can note that the smaller number of advertisements launched by users (sellers) indicates a decrease in demand among consumers. People pay attention to saving money rather than spending.
🚩 For example, investments in new housing decreased by 26%, which has not happened since the 2008 crisis. This indicates a world recession and the main reason why Meta fall.
Globally, we can see the recession not only on Meta but on FAAMG overall. There has only been one other day since 2012 (when Facebook/Meta IPO'ed) in which FAAMG stocks underperformed the S&P 500 by as wide of a margin.
📊 PRICE TO EARNINGS (PE) and EARNINGS PER SHARE (EPS)
The price-to-earnings ratio is the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Simply put, in how many years will the company pay off if 1 share brings a certain amount of profit. For example, if 1 share of Meta costs $100 and earnings per share (EPS) is $10, then your share will pay off in 10 years = $100 (Price)/10$/share (EPS).
Only now after the 75% dump, the PE of Meta return to a favorable value for buying (9-10) for the long term.
As you can see the PE was 20-30 at the last year and few years before. So you need to wait for 20-30 years for your investments to return!
✅ It's just a drop that normalizes the company's numbers and forces the stock to move from weak hands to more patient ones.
📊 THE FED HIKING RATE
Quantitative tightening (QT) refers to monetary policies that contract, or reduce, the Federal Reserve System (Fed) balance sheet. FED will finish the hiking rate by the Q1 2023 ass experts said.
The high rates are made in order to reduce inflation and so it is. Inflation in the US does continue to fall. But such high-tech companies as Meta are starting to suffer because of the reduced demand among the people.
✅ Therefore, we can see at least a local reversal in stocks in the next 2-3 months.
📊 WHY DO I THINK THAT THE META SHOULD GROW BY 150-200% IN THE NEXT FEW YEARS?
The answer is the crypto BULLRUN and mass crypto adoption. The Meta (FB+Inst) is the largest social networks. Zuck is continuing to develop metaverse project (avatars, NFTs etc.) and as we all know there are no metaverse without crypto.
Meta price can blow up, when BTC starts it's bullrun as it was with another companies related to the crypto back in 2020: Coinbase (COIN), Marathon (MARA), crypto miners (Riot, Hut8 etc.).
📊 TECHNICAL ANALYSIS
The closest support areas:
🔥 $90-100 - value area, even number
🔥 $72-85 - value area
✅ The closest target and resistance is $162-186 value area.
🚩 The growing volume shows us that the main reason for fall was the the panic selling and MASSIVE liquidations of the overleveraged traders. This is why the price can make a local PUMP(pullback) soon.
In any case, it's good for the big players , who got the huge amount of liquidity to buy Meta.
✅ Traders, what do you think on META? Is it possible for Meta to return to 1 trillion capitalization? Write in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
META - Great entry point to the future of virtual realityI will be explaining my reasoning behind being one the few going long here on META and Zuck
We're witnessing the Motorola DynaTAC period where smart phones ultimately originate from.
These Brick phones weighted in at 2.5 pounds or 1.1 Kg a little heavier and bulkier than the iPhone 14 at 0.37 Pounds | 0.17 Kg.
Today I am honestly over smartphones that have been marketed as a productivity device turned into the exact opposite mixed with social media.
Social media is a dying concept and completely anti social as everybody I see entirely on "social media" cannot even interact without a phone and gets the energy sucked out of them like a drug.
There's hundreds of quotes prior to smartphones and virtual reality and I strongly credit the destruction of real development and innovation was due to social media mainly Facebook and Twitter, Zuckerberg realizes this and is making a forward step to finally get virtual reality done, we have the resources and the technology to start this, Microsoft, Apple, Valve, Varjo all see this and have heavily invested into this but by far META has the best chance to come out ahead as their profit model is entirely digital.
Meanwhile everyone is throwing names at Zuckerberg, tv presenters have said he needs to go, global institutions we're basically just forced to fire sale META to meet margin calls.
We're moving into a period of permanent high inflation, you can compare online gaming growth to Inflation the most growth came when people decided to use the virtual world over the real world due to cost of living, we have to stop thinking of this (Living entire lives in the Metaverse) and start thinking (Living a Hybrid lifestyle in the Metaverse) this will increase productivity and allow a real disconnect from digital to reality, smartphone can never provide this feeling due to the nature of how it attaches to humans looking to get little dopamine hits instead of completing tasks and actually being productive.
Could META drop lower? of course nothing is certain in life but ask yourself in the next 5 years Zuckerberg pulls off the metaverse creating the next thing to the smartphone how much do you value the future? I can tell you one thing if people wait for the vision to be completed you have missed your opportunity.
Happy bear market folks
"By 2007, PDAs and cell phones will have merged into single devices. They'll have 802.11 (whatever flavor), Bluetooth, 3G and, possibly, direct satellite capability. They'll be voice-controlled and use a heads-up holographic display. Laptops will become unnecessary for most folks. -- Doug Jackson, director of technology customer services, University of Texas at Dallas" 2002
"The future of mobile/wireless computing over the next 10 years will include the replacement of tethered Internet connections with the freedom of mobility -- high-speed wireless Internet capabilities will soon become a staple for every worker, just as cellular phones are part of our lives today. Soon, affordable "personal broadband" services will allow business people to access their critical enterprise applications at a client site, an airport or in a cab. Personal broadband will also allow any number of applications that are waiting for the wireless Internet, from monitoring the vital signs of heart patients without doctor visits, to instantly uploading a digital picture to a personal Web site the instant the photo is taken. -- Martin Cooper, chairman and CEO, ArrayComm Inc., San Jose, and inventor of the personal cell phone" 2002
"By 2005, mobile access to information will seem as natural as remote control of a TV. In fact, we'll wonder why we spent so much time at a desk. -- Jacob Christfort, chief technology officer for the Mobile Products and Services Division, Oracle Corp."
www.computerworld.com
Metaverse need some breakthrough30th Oct 2022,
Meta gap down due to earning report.
Metaverse is burning too much case before the produce have any breakthrough.
It will be smart if you join in after at least it showing 70% breakthrough in metaverse. Otherwise, without any good news from Meta, all rebound is due to stock lover, Valuation investors picker.
Technical perspective, support between $72-$85 worth to nimble.
32K for BTC is this pattern plays out!Adam and Eve bottom on the making?
For this pattern to work, Bitcoin needs to stay above 20K and gradually keep rising to the next downtrend and the latest top of 24.4K
This price action on weekly timeframe is looking more and more live a type of W bottom.
The dollar had been rising and Bitcoin had been stable on its range low of 18K-19+K recently it broke 20Kand retested it. Bullish*
MetaRekt- They said " Cryptos are volatile and Dangerous ".
- was meaning like, buy Stocks they are more stable, like Facebook 😂.
- Everything is in graph
- Meta went down -75%, Elon Musk bought Twitter, what a coincidence.
- i wouldn't take the risk to touch it before it goes to 70-80$.
- 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 !
Here we go COVID LOWS HERE WE COME FOR 2023
Everyone sees what's coming.
Weekly 200ema rejection.
daily 50 sma rejection.
Bearish Macro Economics.
Earnings Missed with most tech giants.
Weak guidances.
GPD reports tmr.
FOMC next week.
Short term: Unless it clears and buyers hold over 286 qqq im still bearish.
Bearish targets:
257.33
235
216
Technology Sector May Face A Rally SoonHello traders and investors, today we will talk about two technology stocks GOOGLE and META (Fcebook), which can be finishing final 5th wave from Elliott wave perspective.
As you can see, technology sector suffered the most in the last year, but what is interesting is that both GOOGLE and META can be now finishing a five-wave cycle from the highs. In Elliott wave theory, after every five waves, a three-wave A-B-C correction follows.
We have just noticed some big gaps down due to earnings miss, but considering that Google and Meta are trading in 5th wave with a potential spike before a reversal, there's a high probability for an A-B-C rally soon.
A-B-C recovery will ideally show up now at the end of 2022 or at the beginning of 2023.
All the best!
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.