FACEBOOK UPDATE- one the daily chart : a catastrophic day , the price made a massive dive hits the stop loss after giving us good signal of buying
- personnal opinion : the massive red candle with a big volume could be a signs that the buyers from before took their profits and a new uptrend will start
- best move : dont do anthing until the outcume of the dive becme clear
Meta
Re-Integration By Parts (near-term FB)This type of scenario/projection requires you to use your imagination a bit - align that with some solid math and some extrapolation and what we have is a very possible near-term scenario:
- Imagine FB never gapped last earnings, what would the price action look like. Is it possible it was forming the final part of its distribution phase that would have decreased in volatility s.t. it took the shape of a triangle pattern, and instead the earnings report accelerated the mark down? What we can do is extrapolate by cloning the current trendlines across the highs and lows post-gap down (blue lines) and populating where the range left off pre-gap. To properly complete the distribution phase might require a retest of the bottom range, and rejection before really tanking it/discounting it (by that I mean it will likely end up sub 170 (shaded red rectangle area) mid-term -- that would be a proper discounting before the next long-term bullish impulse wave can begin.
- Now, introduce some conventional techniques to see if there is a plausible path to test for rejection... recent (minor) bullish wolfe-wave 1-4 EPA @ ETA says yes, indeed, and by May 21st - nearly exactly when that pre-gap support line intersects the 1-4 EPA @ ETA!!
- Finally, is there a setup that would make such a near-term run actually bearish s.t. it would get rejected and complete markdown going into the summer? Indeed, Bearish Deep Crab Harmonic.
In summary:
~ Near-Term long to 258
~ Mid-term short back to 170ish IF rejected after near-term pop
~ Long-term Bullish but will have to re-analyze and update along the way.
There are more details to how/why I drew the path projection the way that I did, it is not random - pop pre-earning (i.e. before next week), small gap down post earnings next week, explosive bounce from that smaller gap to fill said gap and that momentum will take it to near-term target. If you're interested in how I determined this and you are familiar with stochastic analysis/Ito Calculus then we should talk. Otherwise just trust my word the math is gucci.
This would be kinda crazy if it all plays out lmao, but worth bringing up as a perspective on "meta" or whatever; not financial advice or whatnot.
Bless your souls,
The Alpinist
FACEBOOK forcast .- on the weekly chart : the price hits a descent support level few weeks backs and bounced off it
- on the daily chart : a slight pullback took place but a very weak one .
- on the 15 min chart : yestrday ended as a green day after the price broke the VWAP upward . even tho it went under it again, att the end of the day , it closed on it
- personal opinion : the price will resume it climb with 75% chance of breaking breaks that level .
- best move : waiting for today's green candle to appear for confirmation on an end of the pullback and BUY
Feel free to cantact me if you want me to analyse something or keep an eye on a stock/forex/crypto... and gave you daily updates about
FB Potential For Bearish Momentum| 19th April 2022Price is abiding by the descending trendline. We see a potential bearish continuation from sell entry level of 213.22 which lines up with 23.6% Fibonacci retracement towards the take profit level of 202.68 which is horizontal pullback support. Our bearish bias is further supported by ichimoku cloud indicator.
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META: THE SELLOUT IS NOT DONE YETSome of you've wondered what is a good spot to add couple more Facebook stocks to your portfolio. Well, here is your short overview. There is a strong trendline that has been holding for past couple years. Sometimes the price didn't even make it to that level, but with 100% consistency the trend has always bounced up from it. Currently, the plan is to wait for the bearish run to be over (with a pull-back between the 2 support zones) and then execute a buy order at around 170-175$ (wherever the trendline would be hit). Stay tuned for updates on this trade and have a great day!
"Facebook Can't Go Lower" Part 3Back in February Facebook/Meta NASDAQ:FB dropped over -20% on earnings. This was crazy for such a big profile, mega-cap company and many investors though (and said) "Facebook can't possibly go lower" and used this justification to buy right on the drop. From a technical standpoint that drop blew past support and with so many people saying "Facebook can't go lower" my trader senses told me one thing... it WILL go lower. That is why I made that line into a meme at the time.
Now, after many new lows and 68 days of trading after the dump a technical setup has formed that I actually like. I don't know the future but at this point you have a defined bullish trend of buying to key off that has pulled back to a 50% Retracement. From this price action a trader can size their position and risk accordingly. This is something that was NOT possible if someone just bought on the dump alone.
It was entirely possible that Facebook could have gone lower and lower. Fortunately and unfortunately it did not. Fortunately, as many investors are surely glad. Unfortunately, because returning to breakeven and then profit fails to leave the impression on those that jumped the trade without patience.
The Lesson here is simple: Wait for price action to provide a setup. Even if it takes months.
AIOZ USD My Estimate Price Will Be 500.00 AIOZ/USD Estimated Price Will Be 500 By Year End. Why? WEB3 & META verse. Network of the future fast reliable unlimited bandwidth ; ) . The following coins use AIOZ Network's ETH Token algorithm and proof-type: Binance USD, Polygon, Crypto.com Coin, Dai, Parkgene, Chainlink, DREP, DREP , FTX Token, THETA, Decentraland, Theta Network, Fantom, Axie Infinity and Aave.
Quietly buy this one up. Shhhhhh. Don`t tell everyone now. Don`t be late.
FB BearishI love the evolution of Facebook / Meta as we've been experiencing the Metaverse at the Firm; tremendous opportunities for people there. However, this is the markets and I'm focused on 'what I see on the charts' versus 'how I feel about a stock or news'; therefore, I will point out that I remain bearish on FB.
FB is below the 200 day and 50 day moving averages, which is never a good sign, and today we see the NASDAQ-100 gap down to its 50-day area. The Communications sector is just off the 50-day, while the biggest impacts to the sector itself have been #GOOGL and #NFLX (at least taking into account todays action.
Market conditions are not idea and personally I think the march lows will be tested soon -- that is not to say we won't have any upward impulse moves for day trading opportunities. Overall, my sentiment is neutral to bearish on #AMD based on the current complexion of the overall markets, the semiconductor index, and technical conditions.
I'd want to see FB hold the $221.41 (it's okay if price breaches below a bit), but you don't want to see that become a resistance levels. That could very much put the area between $209 - $211 on notice in the coming days.
FB: Buy zone is 205-210FB just completed a 5-wave move off the low. This is a good sign that the stock has indeed bottomed. What comes next is the W-2 pullback. The standard fibonacci retracement targets for a pullback are .5 and .618, which translates to a buy zone of 205-210. There are also bearish divergences in MACD and RSI, indicating that the uptrend is exhausted. I do not own shares of FB, but if I did, I would be selling covered calls against my shares to protect my downside over the next week or so. FB should reach about the $300-$350 region this year.
$FB option play 3.24Bullish hammerhead candle forming on $FB 1w chart at a retest of resistance zone. Looking for break of resistance this week or next, with confirmation from indicators. These 3 upcoming crosses from Stochastic RSI bottom, RSI oversold bottom, MACD bottom cross confirm my entry for calls.
FB 4/1 225C 📈
Is Facebook ready to buy a major gaming stock?Facebook’s transition into Meta Platforms (NASDAQ:FB) and Mark Zuckerberg’s big push into the metaverse — the concept of a shared 3D virtual platform where people can socialize, work, and play — spurred a sector-wide move by tech companies to branch out into other areas like gaming.
The burgeoning gaming industry has transformed into a $198.4 billion sector in 2021, far exceeding the combined market size of the box office and the music industry, according to market research firm Mordor Intelligence.
Meta and VR gaming
Even before Meta announced its push into the metaverse in October 2021, the social media behemoth has built a presence in the gaming market with its acquisition of virtual reality company Oculus in 2014. Meta’s foray into the metaverse would make its Oculus VR headsets more appealing to the market amid strong competition against other VR headsets in the market like HTC’s (TPE:2498) HTC Vive and Sony’s (NYSE:SONY) PlayStation VR.
A sharper focus on gaming would encourage Facebook to double down on its investments in the gaming sector far beyond hardware and building a metaverse. The company, which also owns Instagram and WhatsApp, could soon build an army of tech talents that specialize in gaming.
Meta gobbles up gaming studios
In the months before it rebranded into Meta, Facebook went on an acquisition spree buying small gaming studios. Among its most recent acquisitions in the gaming space are studios Ready at Dawn, Unit 2 Games, VR firm BigBox VR, Downpour Interactive and Sanzaru Games.
However, Meta has yet to spend billions of dollars on a gaming company since its acquisition of Oculus in 2014 for $2 billion, raising the prospect of a potential acquisition of a larger gaming studio similar to recent moves by Sony, Microsoft (NASDAQ:MSFT) and Grand Theft Auto publisher Take-Two Interactive (NASDAQ:TTWO).
Multi-billion gaming deals
Three multi-billion dollar gaming deals welcomed the year in January, starting with Take-Two’s plans to buy mobile video game company Zynga for $12.7 billion, which was thought to be the gaming industry’s biggest acquisition on record until Microsoft announced that it is buying Activision Blizzard (NASDAQ:ATVI), the studio behind the Warcraft, Diablo, Overwatch and Call of Duty franchises, for $68.7 billion in cash.
Microsoft said the deal would make it the world’s third-largest gaming company in terms of revenue behind Tencent (HKG:0700) and Sony. Two weeks later, Sony said it is buying Bungie, the video game developer behind the Destiny and Halo franchises, for $3.6 billion.
Which gaming studio is Facebook eyeing?
With Meta’s intentions to promote the metaverse concept, industry watchers are now waiting for the company’s next big move. Meta will likely look to gobble up a gaming studio with a massive presence in the market such as France’s Ubisoft (OTCMKTS:UBSFY), the developer behind Assassin's Creed and Prince of Persia. Ubisoft CEO Yves Guillemot last month hinted that it is open to offers from companies.
Roblox (NYSE:RBLX), Playtika Holding (NASDAQ:PLTK) and Super League Gaming (NASDAQ:SLGG) are also likely targets if Meta chooses to snap up the bargains on these companies after their shares tumbled to near record lows recently.
In June 2021, Meta bought Unit 2 Games, the studio behind Roblox-like gaming platform Crayta.