$META it was fun while it lasted. Sub $300 coming soon.NASDAQ:META had a good run, but now that run is coming to an end.
I started buying puts today when price was at $524. I bought 6/21 $300P. There's a chance price could break the current highs, but it wouldn't change my bias.
I think starting later this month, we're going to start to see a large move down in META.
Overall, I think there's a possibility that price goes down below where it was in 2022 at the $78 level for a final bottom. I think it's also possible that it could play out this year.
All that said, let's take things week by week from here. I'll probably buy some lottery tickets that expire end of year just incase the most bearish scenario plays out.
Good luck to bulls from here on out. It's not going to be pretty.
Meta
META Price Is Holding Around a Key Support Level.META Price Is Holding Around a Key Support Level. But for How Long?
According to TipRanks, the average target price for META, as forecasted by Wall Street analysts, is $537.41 (a 12.94% increase from current levels) over the next 12 months. However, not all analysts remain positive.
Craig Johnson, Chief Market Technician at Piper Sandler, issued a warning about the future of the "Magnificent Seven" stocks, which include Microsoft (MSFT), Apple (AAPL), NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Amazon.com (AMZN), and Alphabet Inc. (GOOG and GOOGL).
"These charts are reversing, and they need further correction," he said on CNBC's Last Call programme.
Indeed, the market is sending alarming signals regarding the leaders. Yesterday, we wrote about the increasing signs of bearish aggression on Nvidia's stock chart; today, we'll assess the price action of Meta Platforms Inc.
Technical analysis of META's daily chart shows that since the second half of last year, the price action is best described by an upward trend (indicated by the blue channel). However:
→ The price has fallen into the lower half of the channel, and the median shows signs of resistance (judging by the price action from 8-10 July).
→ The formation of peaks A-B-C indicates a worrying trend: the price is unable to consolidate at the achieved peaks. We see only a slight excess over the previous maximum – a sign of bullish uncertainty.
→ Meanwhile, the bears are aggressive. Look at the bearish gaps (shown with red arrows) in July.
How might the situation develop further?
Currently, the META stock price is holding around the lower boundary of the trend channel, which is reinforced by the $455 level that previously acted as support (shown with blue arrows). But, given the aggressive activity of the bears, it is reasonable to assume that the lower boundary is under significant pressure.
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Meta Platforms Unpacking Growth Potential Amidst Market HeadwindMeta Platforms presents a compelling case study for investors navigating a dynamic market environment. While robust analyst expectations for earnings growth paint a promising picture, recent stock price performance has lagged behind broader market trends.
The key factors influencing Meta's trajectory, include:
Market Underperformance: Meta's stock has exhibited relative weakness compared to the S&P 500 and the technology sector.
Encouraging Earnings Forecasts: Analysts anticipate significant year-over-year growth in both EPS and revenue.
Strategic Growth Initiatives: Meta's substantial investments in artificial intelligence (AI) and virtual reality (VR) technologies position the company for future expansion.
Regulatory Landscape: The company faces potential headwinds from regulatory hurdles in Brazil and the possibility of stricter antitrust enforcement.
Politically Charged Environment: The reinstatement of former President Trump's social media accounts adds a layer of complexity to Meta's public relations strategy.
Financial Strength: Meta boasts a robust balance sheet with a high gross profit margin, demonstrating a strong financial foundation.
Undervaluation Potential: Meta's current P/E and PEG ratios suggest potential undervaluation relative to its projected earnings growth.
Key Discussion Points
Will Meta's upcoming earnings report on July 31st meet or exceed analyst expectations?
How will regulatory developments in Brazil and potential antitrust actions affect Meta's operations?
Can Meta successfully translate its AI and VR investments into tangible revenue streams?
To what extent will the evolving political climate impact Meta's user base and advertising revenue?
Based on Meta's financial health and growth prospects, does the current stock price represent an attractive entry point?
🐲 The Roaring FAANG. Five Big Tech Stocks That Move The MarketFAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google.
FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX .
If you follow the financial or business news, you may have seen or heard the term FAANG thrown around. No, it's not a misspelling or an animal's roar. It's an acronym that stands for five big companies — some might say the big companies — in the high-tech industry.
The FAANG quintet consists of Meta (formerly Facebook), Amazon , Apple, Netflix and Google (Alphabet as an official corporate name).
These corporations — all American, but with a global presence — are not only household names, they're financial behemoths. Their combined market capitalization is over $4 trillion. The blue-chip stocks of the tech sector, they collectively make up 15% of the Standard & Poor's 500 SP:SPX (an index of the largest public companies in the US). So they represent not only one of the US' most significant industries, but a sizable chunk of the US stock market itself.
The origins of FAANG
FAANG actually began as FANG. The origin of the acronym has been attributed to Jim Cramer, the financial TV host and co-founder of TheStreet.com. Known for his slangy abbreviations and catchy phrases, Cramer coined the term in 2013 to represent four tech stocks with outsized market appreciation. Cramer believed that these companies belonged together because they are all high-growth stocks that share the common threads of digitization and the web.
Cramer's original term was just FANG — it didn't initially include Apple. The company joined the ranks in 2017, reflecting the growth of internet services (iCloud, Apple Music, Apple Pay) to its revenues.
So the acronym became FAANG, and it's remained so.
The five stocks of FAANG
They need no introduction: The five stocks of FAANG are all familiar brands, whose products and services permeate our lives daily. They are also American corporate success stories — each has seen its stock shares experience triple-digit growth since 2015, and year-to-year as well.
👉 Meta ( NASDAQ:META ) is the social media maestro, owner of Instagram, WhatsApp, and its Facebook website. It has returned more than 190% over the past 12 months, and it is a # 1 over all S&P500 Index components with that amazing result.
👉 Apple ( NASDAQ:AAPL ), the sole product manufacturer of the group, with more than 36% yearly performance.
👉 Amazon ( NASDAQ:AMZN ), the world's largest e-store, has returned more than 65% over the past 12 months.
👉 Netflix ( NASDAQ:NFLX ), the superpower of streaming, has returned 44% TTM.
👉 Google — parent company Alphabet ( NASDAQ:GOOG , NASDAQ:GOOGL ) — has a name synonymous with internet searches and services. Its GOOG shares have increased by more than 43% in 12 months.
Just to put these numbers in context: the S&P 500 has grown 17% over the past 12 months. So FAANG stocks have been at the forefront , significantly outperforming the broad market.
Twelve months performance of FX:FAANG components vs S&P500 Index
The bottom line
The main technical graph (3-day chart for FX:FAANG stock basket, introduced by @FXCM provider, with 20% inception weight for every single component) illustrates perhaps right there happens the major breakout of 52-week highs, with further projected/ targeted upside price action.
Meta PlatformsDaily chart with ichimoku.
Price under the tankan and under the kinjun.
We are above the cloud. Be careful, the cloud is thin and prices could pass through it easily.
The SMA 200 is under the cloud, so no worries.
MACD increasing, but above the 0 line.
The RSI is slightly below 50.
To conclude, the trend is bullish, we must monitor the break of my red line, which could announce a corrective movement.
Happy trading to you.
META potential Buy setupReasons for bullish bias:
- Price broke ATH
- Price giving resistance breakout
- Breakout of point B in AB=CD harmonic pattern
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 537.48
Stop Loss Level: 446.00
Take Profit Level 1: 628.96
Take Profit Level 2: 666.86
Take Profit Level 3: Open
Can Meta's Threads Challenge the Social Media Giants?Meta's Threads, the text-based social media app launched with much fanfare a year ago, has reached 175 million monthly active users (MAUs). This milestone signifies a strong first year, but questions remain about whether Threads can truly challenge the social media titan, X.
There's no denying Threads' impressive growth. Reaching 175 million MAUs within a year is a commendable feat. Mark Zuckerberg celebrated the achievement, highlighting India's role as a key driver of user engagement. The initial surge was phenomenal, with Threads reaching 100 million users just five days after launch. Growth has since stabilized, but the upward trend continues.
However, comparing Threads to X is a different story. X boasts billions of users globally, dwarfing Threads' current reach. While 175 million is a respectable number, it's a fraction of X's user base. Furthermore, X has a well-established ecosystem of features, influencers, and deeply ingrained user habits. Despite its initial success, Threads needs to carve out its own niche and establish itself as more than just a "Twitter-like" offering from Meta.
Several factors could influence Threads' future trajectory.
• Feature Development: One crucial aspect is continuous development of compelling features. Threads' current offerings include text posts (up to 500 characters), photo and video sharing, and close friend groups. Adding features that cater to specific user needs and foster deeper engagement will be vital.
• Monetization Strategy: Monetization is another key consideration. While Meta hasn't revealed concrete plans yet, a well-crafted strategy that doesn't intrude on user experience is essential. Subscription models or targeted advertising with clear user opt-in options could be potential avenues.
• Competition: The social media landscape is fiercely competitive. Threads faces competition not only from X but also from established players like Snapchat and emerging platforms. Differentiation and a clear value proposition will be crucial for attracting and retaining users.
• Integration with Existing Platforms: Leveraging the vast user base of Instagram, which is owned by Meta, could be beneficial. Cross-promotion and strategic integration, without forced migration, could introduce Threads to a wider audience.
The current neutral outlook on META stock reflects the wait-and-see approach from investors. While Threads' initial growth is promising, it hasn't yet translated into significant revenue streams or user base expansion that would dramatically impact Meta's overall performance.
In conclusion, Threads has had a promising first year. Its ability to challenge X, however, remains to be seen. Continuous innovation, a well-defined monetization strategy, and strategic differentiation will be key factors in determining its long-term success. Whether Threads becomes a true competitor or remains a niche offering within the Meta ecosystem will depend on its ability to navigate the competitive landscape and carve out its own space in the ever-evolving social media world.
facebook - META Idea I
12M: Bullish Engulfing
→ Grey zone 453 – 509
→ 537, 553, 465 above , 390 below
3M: Could not break above high of prev. candle. But closes bullish
→ range of last quarter becomes important
→ grey area provides a possible reversal/ continuation zone.
→ Stochastic is turning down
Monthly: closing in bearish territory → bullish
→ could not close above highs
→ stochastic turning up = bullish setup above 509, bearish below
3D: Possible Double Top forming
→ could be an early sign of bears once validated. Bulls should show up soon
→ likelyhood of bullish progression is higher because of stochastic turning up
Big Tech is nearly at All time High's. Just 3% away!It has doubled since the peak Recession fears of 2021
#BTC has also more than doubled
#SOL has 4 or 5 X'd
This chart is combined price chart of
#Googl
#Appl
#MSFT
#Amzn
#NVDA
#NFLX
#META
U can see the two head and shoulder tops in 2021
and also the inverse head and shoulders in 2022
The clean break and run.
And also the Bull Pennant which has already bullishly triggered 3 weeks ago.
From these levels if that Bull pennant target is to be met (log scale)
It seems this basket has another 30% move left in it.
Arweave (AR)Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as a collectively owned hard drive that never forgets
the Arweave network uses a native cryptocurrency AR, to pay miners to indefinitely store the network's information
Meta is now using Arweave to permanently store digital collectables from Instagram which is a good news for AR holders
Arweave price today is $16.6 with a 24 hour trading volume of 360 million dollars, AR price is up 60% in the last 24 hours too
AR next targets are 17, 19 and 21
Meta Platforms META - Expect lots of price actionBased on after-market price action META has already dropped from about $493 into the gap at about $420. There is room to fall further to the 200 day EMA that coincides with the previous all-time high. We would definitely expect some reaction at that point. There should be a lot of price action at this point since the gap is so large. This is a wait and see situation.
PINS - this social media company making a comeback LONGPINS on the weekly chart hit the ATH during the COVID era and then faded in a one-year trend
down until summer 2022. It has now reversed and is slowly trending up. The Price Volume Trend
indicator shows the reversal as starting July 29, 2022 with a correction in May 2023. I see this
as a safe swing trade targeting 50 and 65 as drawn by black horizontals. They are the levels of
a neckline of the H & S at the ATH and a small pivot in October 2021. These are roughly 20% and
50% profit at those two take profit levels.
Meta Platforms - Watch the earnings!Hello Traders and Investors, today I will take a look at Meta Platforms.
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Explanation of my video analysis:
For more than five years Meta Platforms has been trading in a reverse symmetrical triangle formation. We saw the last retest of support back in the end of 2022 which was followed by a decent rally of +450% towards the upside. At the moment Meta Platforms is retesting the upper resistance of the triangle formation so it is quite likely that we will see at least a short term rejection towards the downside.
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Keep your long term vision,
Philip (BasicTrading)
Meta Platforms (META): Ready for a Correction?We initially set our maximum target at $510, and the price climbed to $531—a difference of only about 4%, which is quite close given the magnitude. We're satisfied with our analysis so far and want to stay within this timeframe.
While it's possible that Waves 3 and 4 haven't fully played out yet, we need to consider that Wave 5 in Meta often tends to be longer. This historical pattern suggests that the current Wave 5 might have extended similarly.
If Waves 5 and (1) are not yet complete, we would need to see the price rise significantly, surpassing $575. Such a move would indicate that the bullish cycle isn't finished, and we might see a further upward spike before a deeper correction.
However, the RSI shows a bearish divergence: lower lows on the RSI while the price chart shows higher lows. This divergence is typically a bearish signal and shouldn't be ignored, as it often leads to price corrections.
Even though we have closed the gap, we believe that a further decline is possible, potentially down to around $384 to complete Wave A. An ideal entry zone for us would be around $306, with a worst-case scenario down to $181. This analysis takes into account both historical price patterns and current indicators to inform our strategy moving forward. Keep in mind even though META seems to be a huge organisation we have seen some bigger pullbacks in the past.
Looking for a bullish swing buy for META!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
META New rally to $800 started.Meta Platforms (META) is consolidating within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) only 3 weeks after it touched the bottom (Higher Lows trend-line) of the 1-year Channel Up.
This is the start of the new Bullish Leg of the pattern, half-way through the accumulation process. Once the 1D RSI breaks above its Lower Highs trend-line, we will have a bullish confirmation signal similar to October 06 2023. Our Target is $800.00, which represents a +95% rise, similar to both previous Bullish Legs of the Channel Up.
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