$RBLX swing trade*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been watching online video game company Roblox Corp $RBLX for the past couple of months. $RBLX and Facebook $FB are our two favorite Metaverse stocks long term. Gaming and social networking are going to very successful in the metaverse. $RBLX and $FB both seek to be dominate players in the metaverse field, and we for one aren't second-guessing these guys.
My team took advantage of todays dip and entered $RBLX at $83 per share. Our first target is $93.
OUR ENTRY: $83
TAKE PROFIT 1: $93
TAKE PROFIT 2: $100
Meta
FACEBOOK... ARE WE BUYING THE DIP?!!! 🖳🖳🖳 Hi Traders
Please see the above chart of Meta.
After the most recent media attack on Facebook it reported users deleting and uninstalling the app for competitor TikTok.
This seen Meta lose over $230 billion in its market cap.
Are we worried or are we excited to buy up on this cheap cheap price?
Let me know in the comments below if you are considering adding this to your portfolio.
As always trade safely and dont risk money you cant afford lose.
The Fx Chartist
FB - Meta Is Showing What Is About To Come In The Stock MarketIn case you've been living under the rock, on 3rd of Feb. at the market close FB has fallen instantaniously for 20% and is since then continued to drop. I am not gonna focus on the news even though they did play a role here. Something had to happen somewhere between those large market cap stock and it looks like FB is leading the crash.
Just so you know i don't believe the entire stock market is bearish yet, just some of the large market caps as this is where long term investors start to take profits first or rotate the money into still undervalued stocks like F (ford) or PTON for example, that haven't had their true bull run yet.
Trying to count elliott waves i think we are close to the bottom which should come somewhere in the upper middle of the 2017-2020 trading range ($180-210). After that a expect typical ABC retracement of some sort back to the 70% of the initial fall to $320 price area (.702 fib. retr. lvl.) before continuing the bearish journey.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
NASDAQ:FB
THETA: Metaverse is sill alive!Hello guys. Hope you are having a nice day. Today I have decided to perform an analysis of THETA. Technically, THETA is in a descending wedge in the weekly timeframe, which is USUALLY a bullish sign. The ceiling and floor of the wedge are reliable factors as they have determined the price behavior in a significant fashion in the past. Critical levels are designated in red. One of the major factors that stands out when the chart pops up is the steady volume throughout the last year. The reason why I have chosen MA60 is the fact that the price has been remarkably reactive to it recently. As a trader, I always strive to find the indicators that match the price behavior of an asset. I know MA60 is not a common unit; however, I find it significant due to the reason I just laid out. What I see for THETA is the way up. Not that it is the only possibility, but I think it is highly probable. I always remind myself that nothing is guaranteed, and every decision must follow confirmations. The price may end up below the descending wedge and explore new lower lows, but do I find it likely? TBH, No! However, I have plans set for doomsday as well. You might ask, "Will the price reach a new ATH?" I don't have the answer to that unless I see price behavior near 12. Fundamentally, I find a lot of promise in the project and how it has put itself on the map.
Please push the like button if you find the idea of value.
If not, I look forward to your helpful comments.
META PLATFORMS, INC (FB) AnalysisMETA is in a bearish momentum since its last top reached on August 2021, the price was heavily rejected by 40.31%.
History shows that META's most significant drops range between 14.48% - 44.01%, which fits the current situation where we reject the price by 40.31%.
Moreover, price just reached critical support and dropped back by price 2 years back BUT we have to keep in mind that there is a strong trendline followed by 9 years of price action and we can definitely see a continuation to the downside to test the trendline.
The general outlook of META is to the upside since the upcoming META platform and new updates are yet to come.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Facebook/META (FB) | Technical Loading Zone!Hi,
Meta Platforms slump has attracted quite a lot of interest. Is it a buy, when to buy, why to buy, do I have to buy at all? :)
"Why to buy?" - you have to do your homework! I can tell you when to start building your positions if you have decided to invest in Meta.
Technically speaking, $170 - $220 is quite a strong area. A lot of criteria match inside the mentioned zone and to me, it looks like quite a decent area to start building your position. Use partial entries because the drop is quite massive (historical - Facebook's owner Meta Platforms saw its stock market value slump by more than $230bn on Thursday, in a record daily loss for a US firm) and the overall market sentiment is pretty much interesting :)
Some criteria:
1. Trendline
2. Strong horizontal area
3. Fibo
4. Round number $200
5. 50% drop from ATH
6. Monthly EMA100
Do your own research and invest carefully!
Regards,
Vaido
$FB Bullish Harami Pattern, Potential Reversal to UPSIDE?Bullish Harami is a candlestick chart indicator suggesting that a bearish trend may be coming to an end.
Please note, I do understand this sounds counterintuitive since RSI is 24.64 at this time.
Please let me know your thoughts.
Thanks,
Kelly :)
$MANA showing some strengthThere will need to be confirmed with a strong close on the daily candle but it MANA is looking very bullish.
It has broken a 2-month downtrend with gusto on good volume (roughly 12 million above the 20 day MA), passed a test of the 50 RSI, and is on the verge of a bullish MACD cross.
With there now being ETF's for the Metaverse and awareness and adoption rapidly increasing, it is a no-brainer that MANA will go up in value as more and more users join the metaverse and increase transactions/advertisements/DAU/time spent in the metaverse.
The technical set-up is really nice too.
FACEBOOK: WILL BE ALWAYS A BIG SHARKThink about this: you can connect with your friends with other social, many of it are Facebook's properties.
Many social has only app mobile mode, Facebook and a few other has pc mode.
If you want to use a social on pc you can use Facebook, Twitter, Discord and a few others.
But Facebook has around 2 billion users, the others no.
The point?
If you no longer need a pc, why Apple continue to sell Macbook and iMac?
Obviously you can use pc for many reason, but lost time on social is one of the main ones (like time lost on Youtube).
So, did you scared about this crash?
If yes you don't understood yet how works the stock market.
Buy, don't cry.
Is Face book undervalueLet’s start with fundamentals:
1.Earning for q4 was about 4 % below estimate (33.67 B) but still 20 % higher than same period last year.
2.Totall net income for 2020 was 29.15 B and for 2021(4 quarters) is 39.37 B. Isn’t it wonderful?
And FB is trading at 232$ (is equal to the average price of 2020, but with 34% higher net income.)
And after all FB is heavily investing in metaverse. This investment reduces net income for the current year and it will gain it back in near future.
Now technical:
1.Who bought 181 M of FB shares yesterday and 42 M of shares until 12 PM while the average volume was about 20 M? Yes, big boys
2.look at the chart at weekly period:
The important 200 moving average is touched and since 2016 only was touched 2 times, once in Dec2018 and the second was in March 2020 at the beginning of the pandemic. This moving average is an important support.
3.The volume that has been traded in this week is more than the volume in the peak of covid19 decline.
4.You can see the black line is a very strong support.
5.The CCI level is -385 which is the lowest amount from the IPO
6.The RSI level is 23 which is the lowest amount from the IPO.
All saying that it will see the real value.
Meta Correction Not Close to FinishedConsidering FB/Meta’s steep and recent descent, Bulls are preparing to buy the dip in expectation of long term support being discovered.
Applying the complex science of Elliott Wave Theory to Meta’s all-time price structure, Digital Surf believes that FB will see another stunning drop in the months ahead.
Grab a board. Let’s surf.
(technical analysis/notes removed from chart)
META /FB Unique buy opportunity to double the investment at $480Following the disappointing earnings, the Meta Platforms stock (formerly Facebook FB) saw a decline of more than -25% in a day. This is not the first time that we see the market panic over FB or its earnings in particular. It is interesting to note that the correction from the September 2021 High is around -38.50%, roughly the same as the January - March 2020 correction due to the COVID outbreak. The price almost hit the 1W MA200 (orange trend-line). During the COVID correction, the price dropped even more to the 1W MA300 (red trend-line) and if that takes place this time around as well, then we should be looking at roughly a -45% correction.
The last correction of that magnitude was back in July - December 2018, a disappointing period for FB due to the data scandal, new users decline, security issues and of course disappointing quarterly results. Which is more or less the situation that the company is facing today. As a result, it is easy to understand that FB is familiar with this kind of pressure and all times came out stronger with a Higher High near the next +1.0 Fibonacci extension. So even if we see one last flush to the lower MA period, this seems like a unique buy opportunity for long-term investors. The next Fibonacci extension to fill is Fib 4.0. A target slightly below is $480, which from the current levels represent +100% Return on Investment (ROI) i.e. double the capital.
Would you invest a significant portion of your portfolio now on Meta or wait a while longer? Let me know in the comments section below.
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Uptrend soonJust an analayze.
These days, there is talk of a decline in the value of Facebook . I think , we are at the end of the fourth wave of correction.(the fourth wave correction is likely to be five microwave).
The end of the fourth wave And fifth wave are specified. plaese observe the stoploss.
If the Sl line is broken, we will have an anti-cycle and we have more corection.
Expect a small rally tomorrowA historic $200B drop in market value today in Meta caused, in my opinion, the NDX to drop like a stone today. Everyone is paying attention to earnings now that there is nothing new to cover this week. We all know about the Fed tightening (which I said in an earlier post, was not historically correlated with drops in performance) and inflation. Everything is priced in. Only movers now will be earning reports from big tech, as we saw today. Now Amazon's stellar earnings will cause a rally tomorrow the same way Meta's disappointment caused the NDX to decline so much. Proof is in the E-Mini Nasdaq 100 Index (NDX futures).
Thanks! Don't forget to like!
Facebook/Meta Platforms Analysis 03.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
BTC bounced from resistanceBTC managed to reach $39.2k but wasnt able to break and dropped, Meta (Facebook parent company) stock dropped 25% today (last 24hrs), due to a poor Q1 report from them, which is the reason for todays weakness.
Global market is also showing weakness.
According to chart, BTC is still stuck in the downtrend (falling wedge), this pattern needs to be broken and will make BTC very bullish if it is. $39-41k is the major resistance and $33-35.5k is current support levels, with $30k being a major support. Entries are possible in either a breakout or when BTC touches the support.
Trade between the lines, trade safely