META Buy only if this trend-line breaks.Meta Platforms (META) hit last week the top (Higher Highs trend-line) of the Ascending Triangle pattern after breaking the previous High (Resistance 1 at 330.00). This is so far the peak of the technical rally and we will buy only after 1D MA50 (blue trend-line) pull-back (1D RSI ideally on the Support Zone) or if the price closes a 1D candle above the Higher Highs trend-line first. In both cases, the bullish target will be 384.50. Until though the Higher Highs trend-line breaks, we will be selling, targeting 320.00.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Metaplatforms
Meta Stocks on the Rise! A Golden Opportunity for Traders!
As many of you may have already noticed, there has been a significant surge in Meta stock prices as Wall Street continues to invest more in this promising asset. In fact, Meta's stock price is approaching the impressive $340 mark, proving its momentum and potential for substantial growth.
Considering the present market conditions and the analysis of seasoned experts, it seems like there has never been a better time to long Meta stocks. The impressive rise and consistent bullish trend indicate that Meta stocks are poised for substantial gains in the foreseeable future.
By investing in Meta stocks now, you are positioning yourself to benefit from the tremendous growth opportunities that lie ahead. With Wall Street's increasing confidence in Meta stocks, it's crucial to seize this golden opportunity before it passes by.
I invite each one of you to carefully consider adding Meta stocks to your portfolio and capitalize on the remarkable financial prospects it offers. Remember, fortune favors the bold and those who dare to seize incredible opportunities.
Join the ranks of smart traders who have already recognized Meta stocks' value and growth potential.
In conclusion, Meta stocks have proven to be a powerful force in the financial market, with Wall Street's increasing investment further attesting to its potential. Don't miss out on this lucrative chance to grow your portfolio and achieve financial success.
Should you have any questions, or require further data regarding Meta stocks, please do not hesitate to comment below.
META ~ Snapshot TA (Daily / Nov 2023)NASDAQ:META chart mapping/analysis.
Bullish consolidation higher within an ascending parallel channel (white).
Bull target(s)
Breakout above descending trend-line resistance (white dotted)
Overhead gap fill (~361.59)
Prev ATH + upper range of parallel channel (light blue) confluence resistance zone
Bear target(s)
Ascending trend-line support (green dotted)
Golden Fib Pocket
Lower range of ascending parallel channel (white)
50% Fib
Underlying gap fills (~214.11 / ~201.03 / ~183.78)
38.2% + gap fill (~201.03) confluence support zone
META Strong Falling Wedge bullish break out.Meta Platforms, Inc. / META got rejected last time exactly where we wanted to (see chart at the bottom of the analysis) and hit the bottom of the Triangle pattern, which is where we wanted to buy.
The price broke today over the 1day MA50, which was the pivot level inside the Channel Up pattern.
Based on the previous rebound, this is the start of the new bullish wave to to the top of the Channel Up.
The 1day rebounded on Support A, which is where the previous Channel Down Low was priced.
Buy on the closing of the next 1day red candle. Target 335.00 (+20.50% rise).
Previous chart:
Follow us, like the idea and leave a comment below!!
META Is it a buy again?Two months since we gave a successful buy signal (see chart below) on Meta Platforms (META) and the stock is yet again found after an aggressive selling sequence:
The (almost) 12-month long Bullish Megaphone may be still intact but this time the price dropped below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). It is however approaching not just the bottom (Higher Lows trend-line) of the Bullish Megaphone, but also Support 1 (274.50).
What makes Meta a strong buy already is that the 1D RSI entered the Buy Zone, which is the area within the bottom of its Channel Down and the Support. As long as the 1D MA200 (orange trend-line) holds, buying some here and the rest at the bottom of the Bullish Megaphone is the most optimal approach for the medium-term.
As you can see, the price action follows very distinct time Cycles (dashed curves) and right now the new one is about to begin. Our target is the $384.50 All Time High of September 01 2021.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
META Platforms Options Ahead of EarningsIf you haven`t sold META when ARK did here:
or entered the dip here:
Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the $317.50 usd strike price Calls with
an expiration date of 2023-10-27,
for a premium of approximately $10.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Potential double-top ahead of earningsMeta Platforms posted a new 52-week high last week, hitting $330.54. After that, it retreated lower, creating a potential setup for a double-top pattern. As a result, we are carefully watching the developments on the daily chart, with the main focus on RSI, which seems to have topped slightly below 70 points last week. In many instances, such behavior is associated with bear markets. Therefore, in the next few days, we will observe whether it will be able to break into the overbought territory; if not, it will act as a warning sign. One thing to consider, however, is that Meta Platforms is scheduled to report earnings next week. Within the past two years, all except for one earnings release were accompanied by a volatile price action and an opening gap the next day. Consequently, we would not be surprised to see a similar occurrence take place this time again. That brings us to the conclusion that staying on the sidelines would be the best alternative until the company releases its earnings.
Illustration 1.01
Illustration 1.01 displays the daily chart of Meta Platforms. Yellow arrows indicate four major opening gaps within the past twelve months. Interestingly, every one of them coincided with the release of the quarterly earnings report.
Technical analysis gauge
Daily time frame = Bullish
Weekly time frame = Bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Exciting Times Ahead! Time to Go Long on Meta!First things first, have you noticed the recent absence of news surrounding Meta and Mark Zuckerberg? Well, let me tell you, my friend, it's actually a fantastic sign for the stock! Sometimes, no news is indeed good news, especially when it comes to a company as innovative and influential as Meta.
Here's why the silence is golden: Meta, under the visionary leadership of Mark Zuckerberg, has been relentlessly pushing boundaries and revolutionizing the way we interact with technology. With their groundbreaking advancements in augmented and virtual reality, as well as their strong foothold in social media, Meta is perfectly positioned for exponential growth.
When there's a lack of news, it often signifies that the company is diligently working behind the scenes, cooking up something truly remarkable. They might be busy refining their products, developing new features, or even exploring potential partnerships that could skyrocket their stock value in the near future.
So, my friend, this is the perfect time to seize the opportunity and go long on Meta! By investing in Meta stock now, you position yourself to reap the benefits of their future success. As the world becomes increasingly interconnected and reliant on immersive digital experiences, Meta's offerings are poised to become even more integral to our daily lives.
Imagine a world where virtual reality becomes the norm, where we can connect with loved ones, explore new places, and engage in virtual commerce seamlessly. Meta is at the forefront of making this vision a reality, and you have the chance to be part of this groundbreaking journey.
So, what's the call-to-action, you ask? It's time to take action and consider adding Meta to your portfolio! Conduct thorough research, analyze the market trends, and evaluate your risk appetite. Once you feel confident in your decision, seize the moment and make your move. Remember, fortune favors the bold!
As always, I encourage you to consult with your financial advisor or do your own due diligence before making any investment decisions. The stock market can be unpredictable, but with Meta's track record and the potential for future growth, we have a compelling opportunity on our hands.
Let's embrace the excitement and optimism that comes with investing in a company that is shaping the future of technology. Together, we can ride the Meta wave and enjoy the fruits of our foresight!
Wishing you happy trading and a prosperous journey ahead!
META Buy the rally but sell mid OctoberMeta Platforms / META is having a strong rebound off the 4hour MA200.
A potential Wedge pattern attracts comparisons with the consolidation after the COVID recovery in 2020 and Trade Wars in 2019.
Even in the event of a break out above the top of the Wedge, the price touched in both occasions the 1day MA200 before resuming the rally.
Be ready to sell in around 2 weeks and target 285.
Follow us, like the idea and leave a comment below!!
META is under pressure. Expect one last dip.META is trading around the MA50 (1d) since the Sep 14th Lower High and seems to be acting as a Resistance.
The long term trend is heavily bullish on a Rising Support and best depicted by the application of the Fibonacci Channel.
However a Channel Down is emerging and as long as the Lower High holds, we expect one final dip to gather new long term buyers.
Trading Plan:
1. Sell if the MA100 (1d) breaks.
2. Buy at 265 (Rising Support).
Targets:
1. 265 (Rising Support).
2. 385.50 (All Time High, under the 1.5 Fibonacci extension).
Tips:
1. The most ideal sell target and obviously buy entry will be preferably if the RSI (1d) hits the 30.00 oversold level.
Please like, follow and comment!!
Notes:
Past trading plan:
META: This is how it will reach the All Time HighsMeta Platforms has gone undeniably bullish on the 1D technical outlook (RSI = 60.788, MACD = 1.430, ADX = 35.245) as the price overcame the last known barrier, the 4H MA50 which has switched to the new Support throughout the whole week.
The pattern that is standing out in the aftermath of this bullish breakout is an Inverse Head and Shoulders, which interestingly enough had a Double Bottom as its Head. Meta's usual rise structure since late last year has been Channel Down patterns, so it is likely to see another such taking it to the next High. The Inverse Head and Shoulder's structural target is the 2.0 Fibonacci level, and this is our target (TP = 378.00). Interestingly enough it falls a little under the 384.30 All Time High.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Meta Platforms (META) -> Mega MegaphoneMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Meta.
You can see that since the beginning of 2017 Meta stock - also known as Facebook - has been trading in a quite nice and obvious reverse triangle or "megaphone" pattern.
Overall I do expect another retest of the upper resistance trendline roughly at $600 but we could certainly see some correction before the next impulse higher.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
META First Buy signal in a month.We have been issuing strong buy signals on Meta Platforms (META) since November last year. A perfect example was our February 02 (see chart below) analysis that came with a huge final bullish warning while the price was still at $189.00:
Following the recent -15% pull-back, the strongest correction basically since the November 03 2022 market bottom, the stock price is flashing again the first buy signal on the medium-term as it is testing the 1D MA50 (blue trend-line) as a Resistance after a rebound near the 1D MA100 (green trend-line), which has been intact since January 10.
On top of that, the 1D MACD is on course to form the first Bullish Cross below 0.0, since November 09 2022, which was essentially the bottom of the Bear Cycle. As long as the 1D MA100 is intact, we will buy the 1D MA50 (candle) closing and target 326.25 (Resistance 1). If it closes a 1D candle below the 1D MA100 instead, we will wait and add a 2nd buy position at 260.00, near the Higher Lows trend-line and keep it as long as the 1D MA200. The target for that position will be even higher, as it will be a long-term buy signal, aiming at the All Time High of 384.50.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
META Reversal Incoming (1D)META Daily
Price Chart
META has been in a relatively straight uptrend since bottoming out in November of 2022 but has recently just touched a level of high resistance with increased selling volume. This rally has come with the three gaps theory (Highlighted White) beginning with the breakaway gap in February 2022 and ending with the exhaustion gap back in July; both verified with increased volume. Following this theory the first sign of a reversal is the exhaustion gap being filled, which has just happened, however it's not a definitive sign. This is accompanied by another small break in the major trend line (Yellow Solid) and the first close below the 26-day EMA on 8/11 since the rally started. The EMA's are beginning to curve down (12-day) or flatten out (26-day and 50-day), so if we do get a 26-day / 50-day cross the targets below (Light Green Boxes) will cine into play.
Relative Strength Indicator
Most notably on the RSI is the recent bearish divergence (Aqua Solid), but this also occurred in the months prior and did not break down, why? Price action never broke below even the 12-day EMA and the RSI's second peak was above the 70 level while remaining elevated afterwards (Highlighted Aqua) indicating the strength of the trend; the higher the RSI the stronger the trend. The most recent bearish divergence saw the second peak of the RSI top out just below the 70 line and move lower to touch the 50 line; so do we break down? A bounce is definitely possible, which would also most likely push the price action to form a head and shoulders here, however this is the longest time in the history of META that RSI has remained above the 50; After checking, the only time it comes close is when multiple spikes below the 50 are present. The argument here is for a break below the 50 and strengthening the chance of a change in direction.
On Balance Volume
OBV has been in a upwards channel since March and has offset the prior bearish RSI divergence with using it's peak as support (Aqua Solid), which has just occurred again in the past several days. These small support levels also accompany a new a high made back in July, but has since fallen below it. If it does push higher it's technically in a "price discovery" environment, but with the factors above taken into consideration a signal of a reversal should be imminent; target supports (Light Green Boxes) are outlined below if this happens.
TDLR;
Why read the book when you can Google the sparknotes amirite? Seems Legit. Anyway, price action has completed a third gap (exhaustion) and has pushed lower to fill it (not a reversal conformation). EMA's are beginning to curve down or even out and the price has it's first close below the 26-day (on 8/11) since the rally began in Feb 2022. RSI has formed a another bearish divergence after previously failing to abide by the laws of bearish divergence; we swear it's going to work this time. It's also notable that this is longest length of time that the RSI has remained above the 50 level; like, not even a spike down, deng. OBV on the other hand is chugging along in it's channel like nothing is wrong using previous peaks as supports and has even made a new high.
What Seems Legit?
A reversal soon, if not from the most recent bearish divergence then possibly from a head and shoulders pattern. Basically looking for everything to break down at the same time, but a small is possible since the indicators are a bit mixed. The price is wrong Bob, come on down.
Chart Key
Yellow Solid = Major Trend Line
Red Solid = Major Support or Resistance
Aqua Solid = Divergences
Red Box = Resistance
Green Boxes = Supports / Target Areas
White Highlighter = Gaps
Aqua Highlighter = RSI divergence post peak comparison
META: Navigating the Path to a Trillion-Dollar ValuationCrossing the elusive trillion-dollar valuation threshold is no small feat. As it stands, only a handful of corporations globally have achieved this remarkable milestone. The anticipation surrounding which companies might ascend to join this prestigious club adds an extra layer of intrigue to the financial landscape. Among the contenders vying for a spot are familiar names: Berkshire Hathaway, Tesla, and Meta Platforms (formerly known as Facebook). With valuations ranging from $760 to $780 billion, these players are in the spotlight, each carrying its unique narrative.
In this exclusive race, I am resolutely bullish on Meta Platforms as a prime candidate to breach the trillion-dollar mark. While the company has grappled with its share of challenges, a calculated strategic shift and resilience in its core operations position it as an appealing investment opportunity. However, the question persists: should investors seize the moment and dive into Meta's stock? Let's embark on a closer examination.
Meta Platforms, undergoing a transformation from Facebook, occupies a distinctive niche in the market. A pivotal move in late 2021 saw the company rebrand as Meta, signaling a resolute pivot towards the metaverse. This strategic shift translated to hefty investments in its Reality Labs division. Yet, these endeavors have encountered turbulence. Since the fourth quarter of 2021, Reality Labs has generated a substantial $3.65 billion in sales. Unfortunately, this has been overshadowed by staggering operating losses amounting to an eye-watering $18.14 billion.
This concerning operating profit margin raises valid concerns, especially in light of the absence of evident signs of recovery. The most recent data reveals that second-quarter revenue in 2022 amounted to a modest $276 million, marking a notable low over recent years.
On a brighter note, the heart of Meta's revenue engine operates like clockwork. The Family of Apps division, encompassing Facebook, Instagram, Messenger, WhatsApp, and the emerging Threads, thrives on advertising revenue. In the second quarter, this segment exhibited a robust 12% year-over-year growth, surging to a substantial $31.7 billion. Notably, it achieved an operating profit of $11.2 billion, effectively mitigating the challenges faced by the beleaguered Reality Labs division.
So, how does Meta Platforms align itself to reach a trillion-dollar valuation? CEO Mark Zuckerberg has laid his cards on the table, spotlighting 2023 as the "Year of Efficiency" for Meta Platforms. This vision manifests in streamlined workforce strategies and resource reallocation from lower-priority initiatives. The results are palpable, reflected in Meta's improving operating margin across recent quarters. This impressive upward trajectory marks a resounding rebound from the depths of the fourth quarter of 2022.
Meta's meticulous focus on operational efficiency proves to be a catalyst in driving profitability, thereby propelling it towards the coveted trillion-dollar mark. Over the past five years, Meta has maintained an average price-to-earnings (P/E) ratio of around 25. This figure serves as the foundation for our baseline valuation as Meta approaches the trillion-dollar milestone. As depicted in the chart below, the company's current positioning significantly surpasses this threshold. However, forward earnings projections, based on analyst consensus, hover just below this mark. This intriguing dynamic suggests Meta retains ample room for multiple expansions in the upcoming year, indicating potential for a significant valuation increase as operational efficiency drives improved financial performance.
Looking ahead to 2024, Wall Street analysts hold a consensus projection of $15.25 in earnings per share (EPS) for Meta. Presently, the company trades at a valuation roughly equivalent to 20 times the anticipated 2024 earnings. Should Meta realize the projected EPS of $15.25 and close the year with a valuation of 25 times earnings, this scenario points to a promising 25% surge from the present stock price.
Applying this projection to Meta's current market capitalization yields an estimated valuation of $981 billion by the end of 2024. While it might not yet breach the trillion-dollar mark, this projection creates a solid foundation for Meta to confidently surpass that milestone by 2025.
Moreover, with a projected 25% upside from the present until the conclusion of 2024, Meta emerges as a compelling prospect. Consider also the potential for Meta to exceed earnings expectations or command a higher valuation multiple. In these scenarios, Meta could feasibly achieve a trillion-dollar valuation as early as 2024. This underscores the allure of investing in Meta, driven by both projected growth and the possibility of positive surprises on the horizon. As Meta navigates its path forward, the prospects are tantalizing, inviting investors to join the journey towards a trillion-dollar valuation.
META Platforms Options Ahead of EarningsIf you haven`t sold META here:
Or reentered here:
Then analyzing the options chain and chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 290usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $27.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
META: Channel Up will attempt to close the February 2022 Gap.META maintains the aggressive four month Channel Up on an overbought 1D timeframe (RSI = 73.991, MACD = 9.890, ADX = 37.410) that shows no signs of easing before the next Resistance and that is located at 328.00, which was the High of February 2nd 2022. After that the stock price plunged to 245 following the loss of investor confidence. It would appear that the rally won't stop until it closes at least that Gap. As a result we go on a short term buy, targeting the Resistance (TP = 328.00).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
META completing 8 straight months of gains. How far can it go?META is about to close the month on the 8th straight green candle, which is of course way beyond any rally in the company's history.
Having broken even above the 0.786 Fibonacci level and turned the 1month MA50 into Support again, the question on everyone's mind is how far can the market extend this rally.
Looking at its short history, all of Meta's rallies didn't stop before the 1month RSI entered the overbough (over 70.00) zone. And the RSI is currently at 61.88, considerably lower than this limit.
Of course it can be argued that this time the rally started after the 1month RSI rebounded from the oversold area, the first time in its history.
But technically, it appears that the market both technically and fundamentally has what it needs to keep investors interested and most likely won't correct substantially before testing at least the $385 All Time High.
Follow us, like the idea and leave a comment below!!
Meta -> Rally Not Over YetHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Meta stock started a crazy dump in September of 2021, dropping roughly 80% in a very short period of time but bounced back significantly.
You can also see that the recovery started in October of 2022 and from there Meta created a rally of 200% towards the upside and is now approaching resistance at the $300 level from which I do expect a short term rejection away towards the downside.
On the daily timeframe you can see that Meta stock is still massively bullish, creating new highs every single day so I am now just waiting for a retest of the previous resistance at the $275 level and then I do expect a final blow-off to retest the $300 resistance zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
META H&S can send it skyrocket to $294, unless the MA100 breaksMETA has arguably been one of the hottest, if not the hottest, stocks of the year.
The minor (for its parabolic state) correction since Tuesday has seen it hit the MA100 (1h), which is so far holding.
This has completed a Head and Shoulders pattern, which is technically a bearish structure.
If the neckline but more importantly the MA50 (1h) breaks, we expect the price to invalidate the bearish signal of the H&S.
Trading Plan:
1. Buy if the price closes above the 268.50 neckline and the MA50 (1h).
2. Sell if it closes under the MA100 (1h).
Targets:
1. 294 (Fibonacci 2.0).
2. 250 (the MA200 1h).
Tips:
1. The RSI (1h) has crossed over the MA trendline. This is a short term signal of bullish strength.
Please like, follow and comment!!