META on a new expansion wave to $800.Meta Platforms / META is pulling back again to test the 1day MA50, which has been holding since September 11th.
The pattern is quite similar to the January 2nd 2024 pull back, a bullish break out that also took place after a prolonged consolidation pattern.
The 1week RSI patterns between the two are also fairly similar.
As long as the 1day MA50 holds, we expect META to stay on this expansion wave.
Target $800 which is a +93.92% rise from the bottom, the rise that formed the previosu peak (April 8th 2024).
Previous chart:
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META Platforms Options Ahead of EarningsIf you haven`t bought the dip on META:
Now analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 570usd strike price Puts with
an expiration date of 2024-11-1,
for a premium of approximately $21.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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Mag 7 Earnings - Something will Break (Ceiling or Floor?)797 stocks reporting earnings next week
Notables include
GOOGL
LLY
CAT
META
MSFT
COIN
AMZN
AAPL
XOM
CVX
MA
V
$15 trillion in market cap at play as the US markets are still very close to all-time highs with a melty-uppy vibe. I'm cautiously bullish and could certainly see the highs get blown off with strong earnings momentum dominating the sentiment. I could also see Mag 7 disappoint investors with "not enough growth" and any pullbacks on Mag 7 will certain drag on the entire market.
Survive next week, then it's onto the US Election, FED, Non-Farm Payroll. No big deal, it's just trading :)
Thanks for watching!!!
Short, target 549.26Following daily chart.
Last 5 days closed red and it's under fibo level again, also under EMA13 level. I am also following some different RSI levels and they're all tell me it's losing power a lot.
So, my target is %50 pull pack In total, which is 549.25, also which is still above important resistance levels.
Above 598, I'd stop.
Thoughts?
Meta: Top Placed!In line with our primary assumption, META recently reached the resistance line at $600.27. The upward movement paused at this level, and we now expect a short-term wave C decline, pushing the price below the support at $399. However, we also see an increased likelihood (39%) of a higher high for the green wave alt.(1). This alternative scenario will be quickly triggered if the price breaks above the $600.27 mark
Meta (META) Testing Key Levels: Breakout or Breakdown? Evening Traders
Meta (META) is currently trading in a key range, and the next move could be significant! 📊
Upside Potential: If META breaks above the critical resistance at $596, we could see a rally toward the next target of $600.44. 📈 Bulls should watch for momentum above this level as a potential breakout zone.
Downside Risk: A failure to hold the current support at $582.99 could see META retrace toward the next major support at $569.35. 📉 Bears will be eyeing a break below this level for further downside action.
Stay alert for a strong move in either direction! This chart is loaded with opportunities for both bulls and bears. 🔥
Mindbloome Trader
Happy Trading :)
META AND EARNINGS, WHAT IS IMPORTANT FOR PRICE?I added some drawing lines to show essentially what a move could look like that takes meta higher, and just as easy, earnings could be the a drop that goes below 400.
So price targets are marked.
There is a big area in price here where the move to the upside could be pretty decent.
I have a few charts for meta however this one is the most likely outcome.
Former rejection lines are now support.
META could easily see 900 levels.
META could easily see 300 levels.
Timing isn't really important here.
Watch for a BIG earnings drop.
Otherwise if we catch support, it could easily spring up.
Again, I know this isn't really an answer for exact price.
However, the trends are important, and we could easily see something happen here as indicators reset, projection has right around earnings.
Good luck!
Meta Platforms (META) Stock Price Nears $600 MilestoneMeta Platforms (META) Stock Price Nears $600 Milestone
As reported by Barron’s, October has historically been the second-best month for the information technology sector in the S&P 500. The sector typically gains an average of 2.7% in October, according to Dow Jones Market Data. The best month is November, with an average increase of 3.1%. This trend likely follows the statistically weakest month—September. Meta Platforms (META)’s strong performance supports these historical patterns.
In our analysis of Meta Platforms’ stock chart on 25th September, we noted that the price was forming an ascending channel (shown in blue). Before breaking a key resistance level at $540, the price formed a bullish “inverted cup and handle” pattern, which coincided with another bullish pattern—the “inverted head and shoulders.”
Since then, Meta Platforms’ stock has maintained its upward trend, reaching new all-time highs. The price has surpassed $595 and is now nearing the psychological $600 mark.
Several factors have contributed to the bullish sentiment:
→ The upcoming earnings season. Meta Platforms is set to release its Q3 results on 30th September.
→ Excitement surrounding new developments at Meta Platforms Inc., including the augmented reality device Orion and the AI-powered tool Movie Gen, which generates videos based on text prompts.
→ A strong stock market rally, driven by better-than-expected September jobs data. Non-farm payrolls increased by 254,000 last month, surpassing the consensus estimate of 150,000 from a Bloomberg survey. The unemployment rate fell to 4.1% from 4.2% in August, contrary to analysts' expectations of no change.
Technical Analysis of Meta Platforms (META) Stock
The stock continues to move within the blue ascending channel. The relatively low volatility seen since 20th September could be attributed to the price's proximity to the channel’s median, which often balances supply and demand. However, Friday’s large bullish candlestick, opening near the low and closing near the high, signals renewed buying momentum. This suggests that the $580 level may serve as future support, as the chart indicates a buyer's advantage here.
According to a TipRanks analyst survey, the average price target for META over the next 12 months is $608.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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Will Mark Zuckerberg Become The Wealthiest Person In The World It's gone 12 months or so since Meta Platforms shareholders reached their breaking point in Q4'22 as the Tech giant's financial results in those times were following an increasingly questionable rebrand, from Facebook into Meta.
In October, 2022 Altimeter Capital Chairman and CEO Brad Gerstner said in an open letter to the Company that Meta has too many employees and is moving too slowly to maintain investor confidence.
A Meta shareholder wrote an open letter to CEO Mark Zuckerberg, saying he's basically "not happy". The investor criticized the brand's $100 billion-plus Metaverse experiment, saying such wild investments "into an unknown future are disproportionate and appalling even by Silicon Valley standards."
Investor recommended a plan to bring a "Mojo" back to the company.
👉 It included cutting personnel costs by 20% and limiting the company's costly investment in Metaverse technology to no more than $5 billion a year.
👉 Further, Meta must restore the trust of investors, employees and the tech community to attract, inspire and retain the best people in the world, - Gerstner wrote in the letter.
👉 In short, Meta needs to get fit and focused.
The letter was the latest sign that Meta investors were beginning to significantly express doubts about the company's financial results. Meta shares were down more than 61% in 2022.
Meta changed its company name to better focus on virtual reality hardware and software, and is spending $10 billion a year on the technology.
“However, people were confused about what the Metaverse even means,” Gerstner wrote.
"If the company had invested $1-2 billion a year in this project, this confusion might not even be an issue."
Ultimately, Gerstner says, Meta has too many people and spends too much on capital expenditures. If Meta could control those costs, it could double its free cash flow and improve its share price, he said.
He said a 20 percent cut in employee costs would return Meta to the level of staffing it had last year, and said the company can't spend money like before because the cost of capital and interest rates have risen recently.
“We believe the recommendations outlined above will result in a leaner, more productive and more focused company — a company that regains its confidence and momentum,” Gerstner resulted his letter.
I have to say also, there were a lot of important questions to Meta activity abroad the United States, in addition to the dismal financial performance in 2022. Saying this, I mean that the activities of Meta Platforms Inc, including Facebook and Instagram products, were recognized as extremist and were banned in the Russian Federation under the local court decision, and Meta stocks were uncompromisingly delisted from both Russian trading boards, well known as Moscow Stock Exchange MOEX:MOEX and Saint Petersburg Stock Exchange MOEX:SPBE .
In conclusion the rehabilitation path was the one and only - Meta Gotta Have a Mojo!
NOWADAYS
In nowadays Meta Platforms Inc. NASDAQ:META is the # 1 over the all S&P500 SP:SPX components with 205 percent yearly performance in this time, as Meta stocks were not simply gained, but tripled the price over the past 12 months.
Meta reported Q3'23 earnings after the closing bell October 25, 2023 that beat analysts' revenue and profit estimates.
The beat was driven by a continued rebound in Meta's advertising business following a sharp slowdown throughout 2022. Meta's guidance on its 2023 and 2024 expenses also hit the sweet spot for investors, as it signaled that it can balance its "year of efficiency" cost cutting efforts while it continues to invest in the Metaverse and Artificial intelligence (AI).
According to Forbes Real-Time Billionaire Index Mark Zuckerberg is the 6th richest person in the world today with its $120.0 wealth as of today while Tesla CEO Elon Musk is yet number one in the world with $241.1B wealth.
Key facts about Mark Zuckerberg
* Mark Zuckerberg started Facebook at Harvard in 2004 at the age of 19 for students to match names with photos of classmates.
* He took Facebook public in May 2012; he now owns about 13% of the company's stock, according to the company's 2023 proxy statement.
* Facebook changed its name to Meta Platforms in November 2021 in a sign it was shifting the company's focus to the metaverse.
* In December 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99% of their Meta stake over their lifetimes.
* Mark Zuckerberg born in White Plains, New York in 1984, and in this time 39-years old Mark Zuckerberg is the youngest one over the top 30 richest persons in the world.
In conclusion, Will Mark Zuckerberg become the wealthiest person in the world!?
Perhaps, Yes. He can.
The main technical graph undoubtedly says Meta Inc stocks NASDAQ:META are on the runway to triple the price once again.
=========
Dedicated to my beloved newborn son, Mark 💖
MAGS (Roundhill Magnificent Seven ETF)... Time to BUY? YES!!The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
MAGS (Roundhill Magnificent Seven ETF)... Time to BUY?
MAGS (Roundhill Magnificent Seven ETF)
Weekly TF shows price has pulled back into the +FVG after displacing above the intermediate swing high, completing an External to Internal move. That high intersects the +FVG nicely as confluence of support.
Daily TF shows a Daily +FVG nested within the Weekly +FVG, serving as more confluence of support.
The idea here is if the +FVG holds, price will seek the buy side liquidity highlighted. This would be an Internal to External liquidity movement.
The local high at **48.00** is nice round number to draw price. **50.00** is the longer term draw on liquidity.
*The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven.
Meta Platform Expands in Vietnam, AI Innovation at the ForefrontMeta Platforms (NASDAQ: NASDAQ:META ) is continuing its aggressive push into artificial intelligence (AI) and global markets with its latest investment in Vietnam. In a strategic move announced on October 1st, Meta will expand its operations in the country, focusing on AI innovation and manufacturing its new generation of mixed reality headsets by 2025. This development has quickly captured the attention of investors, with Meta's stock price rising nearly 1% following the news, reflecting the market’s optimism surrounding the company’s expansion plans.
AI Innovation and Mixed Reality Production
As part of its Vietnam expansion, Meta (NASDAQ: NASDAQ:META ) is set to begin production of its latest mixed reality device, the **Quest 3S**, starting in 2025. While the company has not disclosed the exact size of its planned investment or its existing footprint in Vietnam, the move aligns with Meta’s overarching vision of transforming itself into a leader in AI and immersive technologies. Vietnam’s growing tech-savvy population, with millions of small businesses and consumers already using Meta’s platforms, provides a fertile ground for Meta to innovate and scale its products.
Meta’s president of global affairs, Nick Clegg, emphasized that the investment is not just about hardware production but also about advancing AI technologies. The firm is already testing AI tools such as "business AI for Messenger" and may soon localize its platforms by introducing a Vietnamese language version, further embedding itself into the region.
Meta’s AI Strategy and Stock Momentum
This expansion is part of CEO Mark Zuckerberg’s long-term strategy to position Meta as a leading force in the AI space. Meta's ongoing investments in AI, including its reality labs and next-gen headsets, show the firm’s commitment to diversifying beyond social media into more advanced technology sectors.
Meta's focus on AI has proven to be a strong driver for its stock price. As of October 1st, NASDAQ:META stock closed the market session up 0.7%, trading at $572.44. The company has been on a strong upward trajectory, with monthly gains of around 11% and a 16% rise over the past six months.
With its stock trading above key moving averages, the bullish momentum is clear. Analysts have projected a target price of **$811** for Meta, highlighting continued optimism surrounding the company’s aggressive AI and hardware expansion. Investors see this Vietnam move as a critical step in expanding Meta’s production capabilities and technological advancements, strengthening the firm's long-term growth potential.
Technical Overview
From a technical perspective, Meta’s stock continues to climb, bolstered by its solid fundamentals. The stock has remained in a rising trend pattern, reaching new highs consistently. However, the Relative Strength Index (RSI) currently sits at 75.73, which indicates overbought conditions. This suggests that while momentum remains strong, traders should exercise caution as a potential pullback could occur if the stock corrects from its overbought levels.
Nonetheless, the stock is trading above crucial moving averages, signaling continued strength in the upward trend. Should Meta maintain its current pace and achieve the expansion targets laid out in Vietnam, the stock may continue to test new highs, approaching its projected price targets.
Strong Growth Prospects
Meta’s investment in Vietnam underscores the company’s broader ambition to be a global leader in AI and hardware production. The company's fundamentals remain strong, with robust financials and a proven ability to innovate and scale.
Vietnam represents a vital hub for Meta's expansion into new markets, both in terms of production capacity and as a growing tech ecosystem. As the firm continues to drive AI advancements and expands its hardware portfolio, its long-term growth prospects appear more promising than ever.
Conclusion
Meta’s expansion into Vietnam, focused on AI innovation and the production of cutting-edge mixed reality devices, is a strategic move that aligns with its long-term vision. With its stock trading at elevated levels and analysts forecasting further gains, Meta is positioned to continue its upward trajectory. However, investors should keep an eye on potential short-term volatility. Nonetheless, the company's strong fundamentals and aggressive global expansion efforts make it a compelling player in the tech and AI sectors.
meta going downanother trillion market cap companie, as the rest of them all apart of msft that has head and shoulders, all of them have the same pattern, an perfect droping in price pattern, that has the major indexes as well, so a coming drop in price is comming, if not corrected in the next days, going up a lot and in the thecnical indicators, because all of my technical indicatpors has a big divergence on the price and the indicator value, causing an sentiment of eminent drop in price,
again do your research, this is not an investment idea, this is only my point of view, that the market is in a eminent drop in value, that can sp500 reach 2300 points again,
do your research, and do your investment as your research says what you found out, but this is my point of view,
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Meta Platforms (NASDAQ: $META) Breaks Out to New HighsMeta Platforms (NASDAQ: NASDAQ:META ) has been making waves in both the tech and stock markets as the company continues its growth trajectory with strong fundamentals and new product launches. Following a successful Connect 2024 conference, Meta's stock surged to an all-time high, driven by bullish investor sentiment around its cutting-edge innovations in AI, augmented reality (AR), and smart eyewear.
The company, led by CEO Mark Zuckerberg, is not only deepening its collaboration with EssilorLuxottica, the maker of Ray-Ban smart glasses, but it has also unveiled an array of groundbreaking products that are set to shape the future of digital interaction.
Meta’s AI & AR Push
Meta (NASDAQ: NASDAQ:META ) has been in the spotlight recently due to its heavy investments in artificial intelligence and augmented reality. The company's partnership with EssilorLuxottica for developing smart eyewear is set to evolve with potential symbolic investments from Meta, signaling their commitment to a long-term relationship. Mark Zuckerberg expressed confidence that EssilorLuxottica could transition from being the world’s premier glasses company to becoming a significant player in the technology space.
The demand for the Ray-Ban Meta smart glasses has far surpassed expectations, with sales reportedly three to five times stronger than anticipated. This surge in demand highlights Meta’s growing dominance in wearable tech and AR, especially as it continues to expand its product lineup with the unveiling of **Orion AR glasses** at the Connect 2024 event.
In addition to its hardware innovations, Meta (NASDAQ: NASDAQ:META ) is leveraging its AI infrastructure to enhance its core social media businesses—Facebook and Instagram. The introduction of AI-driven features, including partnerships with celebrities like Awkwafina, John Cena, and Judi Dench for new AI assistants, demonstrates the company’s focus on integrating advanced technology into everyday user experiences. These developments have already translated into increased advertising revenue and boosted Meta’s stock by **60%** this year alone.
Technical Outlook: NASDAQ:META Breaks Key Levels with Room to Run
Meta stock (NASDAQ: NASDAQ:META ) has been on a strong upward trend, breaking out of a five-month ascending triangle earlier this month. This breakout, combined with above-average trading volume, signals strong bullish momentum as the stock continues to climb. Meta shares surged to a record high of $576.88 on Wednesday and are up 1.55% in premarket trading on Thursday, currently sitting at $568.31.
The Relative Strength Index (RSI), a key indicator of stock momentum, has entered overbought territory at 73, signaling that the stock’s upward movement may face some short-term resistance. A pullback could be expected in the near term, but overall, the long-term outlook remains positive as Meta's innovations and product launches continue to drive investor interest.
Key Levels to Watch: Support and Resistance
Investors should keep an eye on the $545 level, which previously served as a resistance point and could now act as a key support level. A potential pullback to this zone would present a buying opportunity for traders who prefer to enter after corrections rather than chase breakouts.
Moreover, the unfilled gap-up pattern from January 2024 is worth noting. This gap could act as a magnet for price action in the event of a correction, providing another possible entry point for investors looking to capitalize on Meta’s long-term growth potential.
Conclusion: Meta’s Bright Future in AI and AR
Meta’s continued dominance in both the AI and AR spaces positions it for significant growth in the coming years. The company’s investments in cutting-edge technologies like smart eyewear, AI-driven social media features, and AR glasses are already paying off, as evidenced by its record stock performance and stronger-than-expected product demand.
Technically, the stock remains in a rising trend pattern, with room to reach the projected price targets of $700 and $790. However, with the RSI in overbought territory, a near-term pullback may be imminent. Investors should watch for buying opportunities near support levels like $545, which could provide an attractive entry point for those looking to ride the wave of Meta’s tech-driven momentum.
Meta Platforms (META) Stock Price Holds Near All-Time HighMeta Platforms (META) Stock Price Holds Near All-Time High
As shown on the Meta Platforms (META) stock chart, the price remains around the $560 level, less than 2% away from the all-time high of over $570, reached on 23 September.
A significant gain of approximately 3.80% in one day was achieved on 19 September, driven by increased demand for shares following the Federal Reserve’s decision to ease monetary policy.
Technical analysis of the META stock chart indicates that:
→ The price is forming an upward channel (constructed using the linear regression method, marked in blue), currently sitting in the upper half of this channel.
→ Prior to breaking through key resistance at $540, the price trajectory formed a bullish "inverse cup with handle" pattern, which aligns with another bullish pattern – an "inverse head and shoulders."
→ The bullish gap that appeared on 19 September could act as a key support zone, helping the price stay above the former resistance at $540.
Will the bullish trend in Meta Platforms (META) stock continue? Much will depend on the Meta Connect conference taking place today.
As Barron’s reports:
→ CEO Mark Zuckerberg will deliver the keynote address, where he is expected to outline the company’s vision for artificial intelligence and announce Meta’s latest product developments.
→ The Verge predicts that Meta may unveil new versions of the Quest 3 virtual reality headset and Ray-Ban Meta smart glasses.
If the announcements prove groundbreaking, it’s possible the META stock price could reach the upper boundary of the blue channel. On the other hand, investor disappointment could put pressure on the key $540 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.