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META: Rising Wedge breaking aims at $900Meta Platforms is bullish on its 1D technical outlook (RSI = 60.713, MACD = 12.470, ADX = 49.506), extending the uptrend inside the Rising Wedge that started in July. Technically that pattern is part of the larger Channel Up that dates more than a year back. That also started on a Rising Wedge, which when it broke, it made a +68.89% rise to a HH. So with the 1W RSI on a similar Bullish Cross, we expect the Rising Wedge to break soon and rise by more than +68% (TP = $900.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:METALong
by InvestingScope
1
META: Targeting $700 at least by the end of the year.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 can top on a HH after a +92% rise from the bottom but having the 0.618 Fibonacci level as a clear Rising Resistance, we will settle for a TP = 700.00 by the end of the year. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:METALong
by InvestingScope
META: $440 is the least sellers can target.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 Bear Cycle) between -15.90% and -44.00%. The minimum one was the most recent in August 2023. We expect at least such a -15.90% correction before buyers start accumulating again above the 1W MA50, so our sell target is placed accordingly (TP = 440.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:METAShort
by InvestingScope
META: Buy on the Channel's bottom.Meta is having a strong turnaround day after 7 sessions of decline inside the two month Channel Up. The 1D technical outlook is neutral (RSI = 53.876, MACD = 3.900, ADX = 28.237) and as the RSI S1 (46.50) is holding, today is a strong buy opportunity to target the Channel's top (TP = 345.00). If it drops more, we will make one last buy attempt at the bottom of the Channel Up, marginally over the 1D MA100. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:METALong
by InvestingScope
1
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. ##
NASDAQ:METALong
by InvestingScope
1
META suppressed by the 0.786 level of the golden section! META suppressed by the 0.786 level of the golden section! This chart shows the weekly candle chart of META stocks over the past two years. The graph overlays the top to bottom golden section of 2021. As shown in the figure, the high point of META stock in the past two weeks has been suppressed by the 0.786 level of the golden section in the figure, and it has now returned to below the 1.000 level of the golden section! In the next few weeks, the META stock is likely to step back at the 1.382 position in the golden section of the chart, and then choose a direction to break through!
NASDAQ:META
by Think_More
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. ##
NASDAQ:METALong
by InvestingScope