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
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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Meta Platforms 33-Days Cyclical price patternThere are many ways to make money with stocks. You can buy well-managed companies with growing earnings, hold them for years and watch the stock prices rise as the company succeeds. This conservative investing style sometimes rewards investors with huge long-term gains. For example, early investors in Microsoft or Bitcoin saw their investments grow MultiX in a decade.
This is what patient long-term investors dream about. But more often buy-and-hold investors don't hit the jackpot; rather they realize more modest returns.
Another investing style is to trade stocks very frequently with the help of computer programs that buy and sell shares of selected companies. Here traders make small profits or losses on many trades minute after minute. If you like lots of action while you're glued to a computer screen, this investing style might be for you.
Cyclical Price Pattern - An Opportunity to Make Money
And then there is every imaginable money making scheme that falls between the above two styles. You can buy mutual funds, exchange-traded funds, index funds, buy and sell individual stocks, time the market, buy on margin, sell short, buy and sell options, reinvest dividends, or some other variation on the theme. Talk with fellow investors and everyone has their own tailor-made approach to investing.
This article is about one investing style - buying and hold Meta Platforms (META) shares using Cyclical price pattern.
It's a style that I use and I know it makes money.
Buying cyclical stocks for a profit at certain points is a huge challenge but with commitment, multi-year trading experience and the proper technical tools you can consistently make money over your investing career.
Cyclical price pattern is very simple to understand. A single cycle has an upside during which prices rise to a peak and a downside or cooling off when prices fall to a bottom.
Based on this cyclical price pattern, I expect further upside price action in Meta Platforms stock, somewhere until National Unicorn Day.
Days to go: 33.
Dividends Are Coming. S&P500 Annual Dividend Index FuturesA few months ago I started this research, research of Equity Index Dividend futures, provided by CME Group.
Well, sounds good. Let's continue..
Were you ready or not, but in February, 2024 Meta platforms (META) announced its first-ever in history cash dividend of $0.50 per share to be paid out on quarterly basis.
“We intend to pay a cash dividend on a quarterly basis going forward,” the company said in a release .
Meta stock surged for 20% after that amid other huge reasons.
Alphabet (GOOG) also issued first-ever dividend of 20 cents per share in April, 2024.
The news, announced alongside first-quarter earnings, helped to send the Google parent’s shares up 15%.
Dividend Market as well as Dividend futures trading shines bright.
Understanding Dividends and Dividend Market Futures
👉 A dividend is the distribution of corporate earnings to eligible shareholders.
👉 Dividend payments and amounts are determined by a company's board of directors. Dividends must be approved by the shareholders by voting rights. Although cash dividends are common, dividends can also be issued as shares of stock.
👉 The dividend yield is the dividend per share, and expressed as a percentage of a company's share price.
👉 Many companies - constituents of S&P500 Index still DO NOT PAY dividends and instead retain earnings to be invested back into the company.
👉 The S&P500 Dividend Points Index (Annual) tracks the total dividends from the constituents of the S&P 500 Index. The index provides investors the opportunity to hedge or take a view on dividends for U.S. stocks, independent of price movement, as S&P500 Dividend Index Futures is a market expectation of how many points Dividends Index will collect by the end of year.
👉 Using the S&P500 Dividend Index as the underlying in financial products, investors can hedge or gain exposure to the dividend performance of the S&P500 Index.
Understanding S&P500 Annual Dividend Index Futures
👉 The S&P500 Annual Dividend Index futures (main technical graph is for 2025 S&P500 Annual Dividend Index Futures) calculates the accumulation of all ordinary gross dividends paid on the S&P500 index constituent stocks that have gone ex-dividend over a 12-month period. The amounts are expressed as dividend index points.
👉 The underlying index for S&P500 Annual Dividend Index futures is the S&P500 Dividend Index. The methodology for the index can be found here at S&P Global website.
👉 Dividend index points specifically refer to the level of index points that are directly attributable to the dividends of index constituents. They typically only capture regular dividends and calculate this on the ex-date of the respective constituents within each index.
👉 In general, “special” or “extraordinary” dividends are not included as dividend points in the respective annual dividend indices.
👉 Futures contract Unit is $ 250 x S&P 500 Annual Dividends Index.
Technical considerations
🤝 Main technical graph (S&P500 Annual Dividend Index Futures 2025) indicates on strong bullish bias. Who knows, maybe at one sunny day even Tesla King, Elon Musk will unleash his E-pocket 😂
🤝 Happy Dividend Market Trading to Everyone! Enjoy!
META GAP AREAOn a 1-hour time frame, observing Meta's price action gap involves noting sudden shifts in opening and closing prices between consecutive candlesticks. This discontinuity signals significant changes in market sentiment and supply-demand dynamics. Traders interpret bullish gaps as positive sentiment and increased buying pressure, while bearish gaps signify negativity and heightened selling pressure. Volume confirmation strengthens the analysis, guiding traders in potential entry or exit points. Effective risk management, including stop-loss orders and proper position sizing, is crucial for mitigating losses.
$USO Oil targets hit. Sideways plus downside, maybe two weeks Breakout was a success and we saw $80s for a good moment there. Plenty of time to have taken any profit on any positions I had. The pullback in between also happened according to the bar chart. Let’s see if the rest of my pattern can make its way through into a plummet for late May.
The Best Months of The Year to Invest in US Stock to Make Money This video will show you the best months of the year you should be investing in US stock market.
In the video, I showed proof that this method works almost every time.
But if you feel you need me to guide you further on how to manage your investment portfolio, feel free to send me a DM now.
If you find this video helpful, give it a like, drop comments, and share it with your friends.
✏️ Weekly Report: "Buy in May and Stay"?MARKET OVERVIEW
The stocks had a good turnaround after a strong report from $NASDAQ:KLAC. NASDAQ:MSFT Also posted strong earnings!
Could the famous saying "Sell in May and go away" turn to "Buy in May and Stay"?
Lets review some charts.
NASDAQ:QQQ
The Qs snapped back after strong earnings. Now it looks like we are heading for the 50D SMA
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NASDAQ:KLAC
Up $19 from the $687 buy point that I shared in previous idea ( see related ideas below )
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NASDAQ:NVDA
Mentioned it in previous idea ( see related ideas below ) before it skyrocketed $51. Could consider here or a little bit lower if it consolidates.
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NASDAQ:SMTC
Up $2 from the $33 buy point mentioned last week on the idea. Potential add point is the $35ish level.
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NASDAQ:META
We warned about META, what we are seeing is that buyers are stepping in on Friday and Thursday to support it. For the aggressive traders could play a snap back but personally, I would pass.
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NASDAQ:MSFT
MSFT snapped and squatted lower. Consolidation around the 50D SMA would present a good opportunity for a buy. Before that I would pass.
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BINANCE:BTCUSDT
Nothing to do on Bitcoin but wait during the base building period is over
Meta stock plunge 14% in Premarket RoutThe tech world was rocked as Meta Platforms Inc. (NASDAQ: NASDAQ:META ) saw its shares nosedive by as much as 15% in premarket trading, sending shockwaves through US futures markets. The precipitous drop came from lackluster revenue guidance and concerns over CEO Mark Zuckerberg's ambitious AI spending plans.
Investors expressed skepticism over Zuckerberg's vision to pour tens of billions into artificial intelligence initiatives, fearing it would drive up costs and erode profitability. Meta's first-quarter earnings report, while boasting profits of $4.71 per share and revenue of $36.5 billion—beating analyst expectations—failed to assuage concerns as the company provided subdued revenue guidance for the upcoming quarter.
Meta's revenue forecast of $36.5 billion to $39 billion fell short of analysts' projections, dimming the optimism that had propelled the company's stock to record highs. Zuckerberg's announcement during the post-earnings conference call about ramping up AI investment further rattled investors, leading to a mass sell-off.
The market reaction was swift and brutal, with Meta's stock plunging to just over $426, marking a potential $160 billion loss in market value if sustained until the opening bell. This abrupt downturn punctuates Meta's remarkable stock performance over the past year, with shares soaring 107% in the last 12 months and 42% year-to-date, until the recent setback.
Russ Mould, investment director at AJ Bell, highlighted investor concerns about Zuckerberg's perceived lack of financial discipline and the sudden pivot from cost-saving measures to aggressive AI spending. The reversal of sentiment underscores the fragility of investor confidence in Meta's management strategy, dampening the company's recent efforts to project financial prudence.
The fallout from Meta's downturn rippled across broader indexes, with S&P 500 futures and Nasdaq 100 futures tumbling, signaling a turbulent trading day ahead. As investors brace for further earnings announcements from tech giants like Microsoft and Alphabet, coupled with the release of US GDP estimates, the uncertainty surrounding Meta's future trajectory casts a shadow over the broader tech sector.
In conclusion, Meta's sharp decline serves as a cautionary tale of the perils of investor sentiment and the delicate balance between innovation and financial stewardship in the tech industry. As the dust settles, all eyes will be on Meta's next moves and its ability to regain investor trust amidst heightened scrutiny and market volatility.
✏️ Weekly Report: Weak Bounce & Weak $META MARKET OVERVIEW
A weak bounce in the market this week, which lifted stocks modestly off their lows though most stocks are struggling to recover a significant portion of their recent losses.
Tonight, Meta Platforms ( NASDAQ:META ) is adding more downside pressure on growth stocks after it announced weak guidance numbers and the stock collapsed $75 lower in afterhours trading.
Let’s start the charts with Nasdaq-100 above (QQQ)
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NASDAQ:META
NASDAQ:SMTC
Constructive pattern. Closed just above the $33 buy point, however I would like to see more volume pick up from here.
NASDAQ:MSFT
The stock needs strong earnings today to get past $431 would be a place to open a position. However, slicing through the support level at $395 is a sell short point for aggressive traders
GOOGL
Massive weekly Cup with Handle base. Earnings are coming today. Technical buy place is $160.25 if earnings are good and we have good volume.
NASDAQ:KLAC
This company reports earnings tomorrow. A move above the $687 is a buy point. However, weak earnings below $680 is a logical short.
NASDAQ:NVDA
Bounced to the 50D SMA (red) and turned down. Aggressive play for the intraday traders is a move over the $880 on a strong volume.
NYSE:GS
GS is just a little bit extended over the proper buy point. If the market starts rallying this could be a good short trade. I would be extra tight with stops here (around $414 level) if I was to play this.
BINANCE:BTCUSD
Bitcoin is performing a tight pivot. Over the blue line is a technical buy point (if we have good volume too)
META breaks Nasdaq. Can MSFT and GOOG fix it today?EASYMARKETS:NDQUSD NASDAQ:META NASDAQ:MSFT NASDAQ:GOOG NASDAQ:GOOGL
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META Platforms Options Ahead of EarningsIf you haven`t sold META when ARK did that:
nor bought the META before the previous earnings:
Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 480usd strike price Calls with
an expiration date of 2024-5-3,
for a premium of approximately $24.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$META 13 Count ending Friday April 12th9-13 Reversal Possible. If Price Action remains stable, the 13 count 10D candle will end on Thursday, April 11th. For now, stay patient while price chops around this area. Loses $500, will head for 480s. Hourly suggests a pullback to $498 based on MACD plateau.
META: Is it the top or one more high leftTechnically META top could be in. Like NVDA, it can keep sliding until a critical support level breaks and waterfall ensues. However, the last wave 5 of 5 did not quite end in a blow off top type fashion; something you would expect from a major primary degree top. There was however, significant RSI bearish divergence on the daily timeframe, that tells us it was some kind of a top. I am not sure if it was a wave 5 of 5 top or a wave B or 4 type of top on the minor degree. One way to tell would be for $460 - $450 support to hold. If that does not hold and stock slides to fill the large gap, then that weakness would be very difficult to overcome and one thing would lead to another thing and next thing we know, price will be in the 200s. So, that is my line/zone on the sand. This is however, a bit scary to stay long and potential upside is limited at the moment. It is better to see how things play out and eventually not in a distant future, there will be a great opportunity like late 2022 to get in this stock for a really life changing growth.
TESLA lays off more than 10% staff. Is this its 'META moment'?It was reported this morning that Tesla (TSLA) "will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles".
The market has so far reacted with strong selling of more than -3% in early trading. But is this really bad news?
Not so long ago (November 09 2022), another high tech giant that was heavily decimated at the time, Meta Platforms (META), announced lay offs of around 13% of the company (more than 11000 employees). This was just 5 days after the November 04 2022 market bottom. The result (chart on the right) was an aggressive recovery above the 1D MA50 (blue trend-line), which turned into a Support for 240 days straight.
Of course the fundamental difference is that the 2022 Low for Meta was the Bear Cycle bottom of the Inflation Crisis while Tesla's Channel Down has been the picture of its underperformance for almost a year relative to the rest of the market (and the Magnificent 7 in particular).
However it shouldn't be overlooked that such cost driven news are fundamentals capable of turning the profitability of a company around and Meta's case is such a representative example. Meta was massively oversold in November 2022 (-75% from ATH) and similarly Tesla is massively oversold now (-60% from ATH). Meta managed to completely recover and smash through to new All Time Highs (+38% from previous ATH). In November 2022 it was all doom and gloom for the social media giant and it is worth searching for news headlines at the time to see the similarities with Tesla's situation today.
Time will tell of course, but we wanted to bring this comparison to you and help you draw your own conclusions.
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🗓️Weekly Report: Key levels & Trade IdeasGENERAL MARKET REVIEW
Concerns over a potential military attack by Iran on Israel triggered a gap down in the market at the beginning of trading on Friday. Following these events, there was a surge in oil prices, which then led to widespread sell-offs across the board. Virtually all stocks took a hit, with growth stocks experiencing declines ranging from $2 to $72, notably including MicroStrategy NASDAQ:MSTR .
For this evening's analysis, we'll begin by examining the charts of the Nasdaq-100 (QQQ) and the S&P-500 (SPX).
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SPX-500
The SP:SPX has been movig lower and plundged to the 50-day Simple Moving Average (red) on Friday. Holding this line could lead to an oversold bounce on the market.
However, should a broader market selling start, then it is very possible that we test the 5000 psychological level or even the 4700 level that was rejected in August 2023 and February 2023.
💡Another interesting fact SP:SPX has created 22 all time highs this year (2024) and returned more than 25% over the past five months and has gone more than 1 year without experiancng a 1 day decling more than -2%. This is the 6th longest such streak since 1965. If you are wondering when are the other times:
2007, 1986, 1996, 2018, 1993. On average the index makes only 29 consecutive trading days without a 1 day that has more than -2% decline💡
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QQQ
Very similar as it is clinging on the 50-day Simple Moving Average. QQQ and SPX are holding much better than the IWM or DIA, which have been consistently underperforming on their Relative Strength against the SPX.
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META
Meta has earnings on 24April (Wednesday). It has been holding very well and is a constructive pattern. You can see a triangle forming. Pay attention to the volume pattern. When the stock is moving up in this base the volume bars are higher than when the stock is moving lower
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NVDA
Too choppy for anything more than a quick trade. Next Technical buy point for me is at the $974 on heavy volume. I could start nibble on it with a quarter or a half position size as it is making constructive formations within this forming base. Constructive formations = higher highs, tight pivots. This is very watched stock so it would have high correlation to the general market