$META going for reversal?META is getting beaten down ever since the market pulls back from its ATH. Besides the whole market going lower, META also missed its earnings and highly criticize with their privacy security of their social media empire.
in my technical perspective $META still very bearish on 4hr chart and the daily. META is the only tech stock that sitting just right above the moving average at 1hr chart.
Below is my price level for possible entry and exit.
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For calls; buy above $164.54 and sell at 166.46 or above
For puts, buy below 161.91 and sell at 160.78 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play.
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Meta
The Bulls Must To Hold!A . - Price has visited the $153-154 price level a total of 7 times and each time has respected and produced a bounce off of it sooner or later.
B . - Rejection of the 50 MA is a good sign for the bears , coming down and testing this level an 8th time is very probable.
C . - Being the 8TH time we retest , in this BEAR market I believe a break below this level is very probable , targeting pandemic 2020 lows or 2018 lows. (scroll left)
META levels and price tartgets 8/31 - jtgladiatorNASDAQ:META
Chart: www.tradingview.com
We got a big potential move again for META. I expect puts to keep paying based off of entries from 8/30.
See my related ideas for more info on those.
163c > 161.66 PT 163 170. Get ready for puts on the reversal
155p < 155.91 PT 155.23 150.83 140 137 - monthly swing if it breaks below 155.23
META day trade and monthly swing idea - jtgladiatorNASDAQ:META
META is looking weak at these level. Its setup for a really great monthly swing.
Lets watch the price action and see what happens.
Here are my levels:
For the day traders/weekly player:
170c > 163.05 Confirm hold above this level before taking calls.
Grab puts 160p on the rejection of this level.
155p < 159.17 PT is 155.23.
If this level holds and there is a bounce, then grab the 160c.
For monthly swing play:
The swing entry for this is 155.23 with a PT of 137. I am hoping this stays an inside candle for the next two days.
be prepared for the reversal to grab calls...but I think this is put city.
Let me know what you think in the comments
$META FACEBOOK Falling Wedge on weekly, will it HOLD SUPPORT?META has a falling wedge on the weekly timeframe with support at the $155-$160 Levels, these levels would be perfect for accumulating a swing trade.
Holding those support levels during this $SPY correction period is crucial for this pattern.
Losing those support levels would be bearish scenario and would invalidate this falling wedge pattern.
FACEBOOK's measured TARGET on the falling wedge lies at $226.
A possible big announcement is in the cards for META FACEBOOK if it maintains the expected levels.
SPY has had a fire rally the past month so it is not surprise that its spent the past 3 days cooling off, Jackson Hole conference is this Friday, if we don't get a bounce before, we could expect a small bounce on the day of the event as most tickers are hitting oversold territory on the smaller time frames.
$META-bolic move to the downside!-RECAP🔸️Ticker Symbol: $META🔸️Timeframe: 4 Hour 🔸️4X Bear Pattern 🔸️Investment Strategy: Short
Technical Analysis Recap: Yesterday I posted my TA on $META; and today we had a massive push to the target area to $168; Money momentum was flowing out of the market, we were rejecting hard off the top of our regression channel. We got our 3rd and 4th bearish signals from our middle red band, and a key ema cross. $-8 move on META in one day was exactly what we predicted would happen! What a great move to end a great week of trading.
META - A promising breakdown I was really hoping META could hold the 172 - 173 support which was also a merge of different EMAs but it gapped down much like other stocks today with high volume. the 155 - 158 level has been a great level for me with a target of 170 and it comes from a long term support (from 2019) you can draw on the weekly/monthly chart. Let's check this out in a few days when the RSI cools down a bit more.
$META-bolic move to the downside!🔸️Ticker Symbol: $META🔸️Timeframe: 4 Hour 🔸️4X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: We have seen a 4 week rally in the markets and due for a pullback... looking at $META, price is currently overextended into our regression channel, and money momentum in our red band indicating a pullback. Play the trend, as the likelihood of a continuation is high. The next major level of support is $168, equating to a -$8 move on $META. Take advantage of this massive move lower in the next week. Money momentum shifting lower, we have a key EMA crossover, and a major rejection on the upper linear regression channel.
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Meta – Is it Finally Time to Buy?If you like this idea don’t forget to BOOST it.
Fundamental Indicators:
Sector – Communication Services
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue – consistent growth for the past 10 years, 25% average annual growth rate for the past 5 years but with a considerable slowdown in 2022 TTM
Profits – dropping in 2022 TTM
Net margin – impressive 28% but reduced from previous 30-40% levels
P/E – already acceptable with 14 ratio compared to S&P500 with 21 and Communication Services sector 17
Liabilities - debt ratio is at 0.26 which is within normal limits, Net Debt/ EBITDA is negative – no problems with debt
Conclusion – although still good financial performance the latest reports are showing slowdown in user base and ad revenue growth, as well as high CAPEX investments into new platform Metaverse – all indicating that there are no positive signs for the new growth cycle yet, but given low PE it is likely to have another mid-term rally (see below scenarios)
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that the peak of August 2021 saw completion of the first global wave, and we are currently observing formation of wave 2 (see higher timeframe graph)
The sharp fall from historic high is likely to be the first leg of the overall correction in wave 2 and is shaped by ABC zigzag
Wave A and B have been fully completed and wave C is also near completion with an Ending Diagonal in wave 5 (see guidelines for Ending Diagonals below)
Once the current low of $154.25 is slightly pierced by the final zigzag of wave 5 we are likely to see a rally to the upside, possible scenarios are depicted below
This is a higher timeframe to reflect the full history of Meta and to provide full wave count:
This is the link to the guidelines for Ending Diagonals
What do you think about Meta and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. And BOOST this idea if you like it.
Thanks
$META: WATCH OUT BELOW! BEARS COMING🔸️Ticker Symbol: META 🔸️Timeframe: 4 Hour 🔸️3X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: $META is currently in a bear regression trend channel to the downside. When we are trading in this trend, I like to look for areas where we could see a push lower to capitalize on price action. Along with being in a bear trend we also have our white line "money movement" shifting out of the market in conjunction with a red dot meaning a "key EMA crossover" on our dashboard below. If we continue in this pattern, I do believe we could see a test of approx. $169
4X 🟢 Bull Pattern Confirmation Requirements
✅️ Linear Regression Indicator Increasing
✅️ Money Momentum Shifting Higher
✅️ Green Dot: Key EMA Crossover to Upside
✅️ Green Middle Band: Bull Market Momentum
4X 🔴 Bear Pattern Confirmation Requirements
🔻 Linear Regression Indicator Declining
🔻 Money Momentum Shifting Lower
🔻 Red Dot: Key EMA Crossover to the Downside
🔻 Red Middle Band: Bear Market Momentum
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.