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!
Meta
"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.
Boom or bust?It is going to be an interesting week everything looks primed to squeeze to the upside. But with cpi possibly reaching a new high for the year and it being a 4 days could we go lower. These are the levels I’m watching this week
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 Daily+ Mid kelt (20ema)
+ Above neutral VRSI and retest
+ Above a curling 20daySMA
+ Demand zone
- Declining 50daySMA
- Overall Market Uncertainty
- Indices range trading
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.
METATesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
There's a huge gap around $245-285. I don't normally chart stocks so I have no idea on how long this chart may take to play out.
BUY FACEBOOK (META)I think Facebook or Meta has a good opportunity to recover. It can be a good asset to hodl for a long-term position. It also had a very sharp drop since they changed the name of the company from Facebook to Meta.
Ehsan.F
$FB Loading up in a Diamond Pattern!NASDAQ:FB
Meta had been consolidating for a few months in a diamond pattern, we do need to wait for confirmation on which way this will break but we should see good movement with volume either direction once the consolidation phase has ended.
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 META STOCK #STOCKS #FB #META Don't sell your Facebook shares, buy more.
😉
FB META STOCK #STOCKS #FB #META
META (metaverse) bouncing on trendlineInvesting in the metaverse, post announcement has been rough. We all can't wait to see what meta/ facebook is building.
FB Meta Platforms bullish once againIf you haven`t sold at the time of this article, at $337:
Them you should know that FB Meta Platforms had 150.1K Calls and only 13.9K Puts last Friday, which makes me consider the $239 resistance soon.
Looking forward to read your opinion about it.
$FB $META Trade Idea - Here's a Long Opportunity For Day TradersHi Traders,
Here's what I think for $FB, direct entry is worth it, targets and stoploss are mentioned in the chart.
NFA, DYOR, and good luck.
$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 📈
fb watch on the weekly chart :
bouncing off a strong support level with a decent green candle . the best move will be is to wait and see a confirmation candle to buy .
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.
Gala short setup The Gala games are giving multiple indications of a sell off. The multiple timeframe OB was filled, as well as the Fair Value gap. The way I see it, the liquidation from the tripple top X has been taken; and smart money has already startet mitigating their positions from the volume profile POC
LONG FBAs much as I cant stand the company, we all know, my feelings don't matter.
Let's have a go here long.
I believe we've built structure for the reversal here in FB. I'll be potentially looking at some leaps.
Is Meta Stock A Buy Now?Meta Platforms stock FB has shown some strength lately after rebounding from $185 demand area, the upward move could hit $230 levels corresponding to 23.6% Fibonacci Retracement level.
The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator.
Finally, it's worth mentioning that Meta Platforms stock FB is one of 2022’s most beaten-down large cap tech stocks. After its February earnings release, it fell 26% in a single trading day, then proceeded to decline another 21% after that.
NFTs Coming to Instagram in ‘Several Months’ Meta-owned major photo and video social network Instagram might start supporting “some” NFTs “over the next several months,” according to multiple reports, citing Meta CEO Mark Zuckerberg. He also stressed the importance of the metaverse for his company.
In a conversation at Austin’s South by Southwest Festival (SXSW) on Tuesday, Zuckerberg announced the plan without disclosing many details, saying that the feature would go live as soon as Instagram works out the technical challenges.
“I’m not ready to announce exactly what that’s going to be today, but, over the next several months, the ability to bring some of your NFTs in, and hopefully over time be able to mint things within that environment,” the CEO was quoted as saying by TechCrunch.
Also, according to Hannah Murphy, a tech reporter at the Financial Times, Zuckerberg hopes that avatar clothing in the metaverse could be minted as NFTs.
As reported, Instagram head Adam Mosseri confirmed the NFT plans in December, detailing that the popular social media platform was “actively exploring NFTs,” and that they were looking into making them “accessible to a broader audience.”
METAVERSE - What goes down must....Holy smokes. The Zucc's FB has fell off completely although could this be slowing down gradually? We are approaching a few key levels which will be interesting to see how price reacts in the upcoming weeks, although this is for certain a good long term buy imo - with the metaverse only being around the corner this is a good opportunity.
