META platforms is bullish on its 1D technical outlook (RSI = 63.256, MACD = 7.090, ADX = 26.657) as it is making a healthy rebound on the 1D MA50. The 1 year Channel Up is posting recurring phases inside it and at the moment we are on similar grounds as early December 2023. Even the 1D RSI is identical between phases. Technically that suggests that the Channel Up...
If you haven`t bought META before the previous earnings: Now analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week, I would consider purchasing the 465usd strike price Calls with an expiration date of 2024-8-2, for a premium of approximately $22.15. If these options prove to be profitable prior to the...
Meta Platforms ( NASDAQ:META ) experienced a notable 6% increase in its stock price following the release of its second-quarter earnings, which exceeded Wall Street expectations and presented an optimistic revenue forecast. The company's strategic investments in artificial intelligence (AI) are starting to deliver substantial returns, boosting confidence among...
Meta Platforms (META) almost hit its 1D MA200 (orange trend-line) yesterday, a Support level that has been holding since February 01 2023. With the long-term pattern being a Channel Up since the November 04 2022 market bottom, yesterday's Low is similar to the Double Bottom on Meta's previous Accumulation phase on October 26 2023. That day's Low started the 2nd...
NASDAQ:META just rallied +500% without any correction and might create a top formation soon. Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is...
Reasons 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
Hello Traders and Investors, today I will take a look at Meta Platforms. -------- 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...
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...
There 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...
The 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...
If 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...
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...
Meta and Amazon stocks have risen following an increase in their price targets by a Wall Street analyst team. Jefferies, the analysts, reiterated a buy rating for Meta ( NASDAQ:META ) and raised their price target for the Facebook parent company to $585 from $550. Additionally, they raised their price target for Amazon stock to $225 from $190. Meta's stock has...
META Platforms may have turned neutral on the 1D timeframe (RSI = 53.558, MACD = 15.800, ADX = 23.681) but remain extremely overbought on the 1W (RSI = 76.808). The stock hit the HH trendline that dates back to January 2018, while the 1W MACD is about to form a Bearish Cross. During these six years, the stock has had five standard corrections (excluding the 2022...
In 2022, Meta Platforms faced turbulent market conditions amid doubts surrounding CEO Mark Zuckerberg's metaverse ambitions, resulting in a significant 64% decline in share prices. However, the company's trajectory has undergone a remarkable transformation since hitting rock bottom, with shares soaring by 321% since the close of 2022. Despite this impressive...
Meta Platforms ( NASDAQ:META ) experiences a remarkable surge, surpassing the $500 mark once again, as the company unveils its pioneering advancements in generative artificial intelligence (AI), signaling a new era of innovation and engagement within the social media landscape. Meta's Outlook: Meta's adoption of powerful generative AI models for video...
Meta Platforms. (NASDAQ: NASDAQ:META ), the parent company of popular social media platforms like Facebook and Instagram, faced a brief outage on Tuesday morning, disrupting services for users worldwide. Despite the outage lasting approximately two hours, Meta swiftly restored access to its platforms, alleviating concerns among users and investors alike. Key...
META Weekly Analysis! Inverted Head and Shoulders Pattern Formation in META! Trend Reversal in META! META was in a clear downtrend. After it has made a Inverted Head and Shoulders pattern on a weekly timeframe. It has given a breakout to it's neckline and retested it so it can be act like a next support level which i've extended. Inverted Head and Shoulders...