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META can turn bearish if it fails to break this Channel.Our previous call on Meta Platforms (META) was on July 26 (see chart below), almost 4 months ago when we gave a strong long-term buy signal on the 1D MA200 (orange trend-line): Despite the excellent timing of the call, we has seen in the past 30 days that the price action has diverged from the model and the current Bullish Leg of the Channel Up isn't as strong as the previous two inside a 2 year span that each rose by +95%. The price has instead turned sideways, mimicking the price action of the two Accumulation Phases that emerged after each of the Bullish Legs topped. The 1D RSI being on a Bearish Divergence (Channel Down already) technically agrees with that, so if you followed our July buy call, it might be best to book the handsome profit now and wait. What to wait for? Well it all depends on a new pattern that has emerged, a Diverging Channel Up (dashed trend-lines). As long as the price is trading inside it, there is greater probability to give us a lower buy entry near the 1D MA200 (orange trend-line) again. In that case we will take it and target the top of the Diverging Channel Up at $660. In the event that the price breaks above the Diverging Channel Up, we will buy the bullish break-out and pursuit the previous $800 Target as that would mean that the original 2-year Channel Up remains the underlying pattern dictating the long-term movement of the stock. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:METALong
by TradingShot
META: A Dangerous Inflection Point! (D&H Chart Analysis).Daily Chart (Left) Ascending Channel: The price has been trending within an ascending channel, indicating a strong upward trend that has held for a considerable period. Double Support Area: There is a critical support zone at $561.52, marked by both horizontal support and the lower trend line of the ascending channel. This convergence of support points suggests that this level is pivotal for maintaining the current trend. Price Reaction: Recently, the price tested the support area and rebounded, but it is still below the 21-day EMA. Hourly Chart (Right) 21-Hour EMA Resistance: The price recently encountered resistance at the 21-hour EMA as well, which may act as a short-term barrier for further upward movement. Pullback Zone: The recent dip tested the support area around $561.52, validating it as a strong inflection point. The price is now attempting a recovery from this support level. Conclusion: The $561.52 level is crucial for both bullish and bearish traders. If the price maintains above this zone, there could be potential for a rebound and continuation within the ascending channel. Conversely, failure to hold this support could lead to a bearish reversal or deeper correction. Keeping an eye on the reaction to the 21-hour EMA will provide clues for short-term movement. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:META
by Nathan_The_Finance_Hydra
2
GOLD - History Repeating Itself... Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📔I find the Gold 4H chart interesting. Do you see a pattern here? Look at the first three purple projections. Gold broke below a low (marked in red), which signaled the start of a correction. The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase. Currently, Gold seems to be pausing, which might indicate the start of another correction phase. 🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,710, followed by a break back above it. This projection could lead to the upper bound of the blue channel, around $2,850. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAUUSD
by TheSignalyst
11
MS and META brought down the entire index USTEC continued its decline following disappointing earnings from two major tech stocks. Despite Apple (AAPL) and Amazon (AMZN) reporting earnings and revenue above expectations, Apple’s shares fell in after-hours trading due to weaker sales in China. Meanwhile, the VIX has climbed to its highest level since Aug, signaling potential headwinds as elections approach. USTEC declined steeply and failed to hold the 20000 threshold. The index broke the channel’s lower bound, and EMA21 has death-crossed EMA78, sending a bearish signal. If USTEC fails to re-enter the channel, the index's downtrend may extend to 19700. Conversely, if USTEC breaches 20140 after re-entering the channel, the price may gain upward momentum to 20680.
NASDAQ:NDX
by inkicho_exness
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: Follow us, like the idea and leave a comment below!!
NASDAQ:METALong
by TheCryptagon
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!!!
HKEX:HSI1!
by ChrisPulver
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 :)
NASDAQ:META
by Mindbloome-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!
NASDAQ:META
by nicktussing77
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.
NASDAQ:META
by FXOpen
2