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 trade ideas
$META - 15 MIN 2 steps for Bullish Scenario with T1S Indicator:
1. Candles Above the Green Line:
• Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum.
2. Bars Above Zero:
• Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement.
2 steps for Bearish Scenario with T1S Indicator:
1. Candles Below the Green Line:
• Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend.
2. Bars Negative Below Zero:
• Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement.
Meta has alot of potentialMETA, along with Nvidia and Microsoft, appears to be at the forefront of AI advancements. While Nvidia and MS have been well-recognized players in the AI domain, Meta and Google also wield substantial potential, given their vast data repositories that train their AI models, including releasing their powerful LLM model (Llama 2) to accelerate training and deployment.
META has retired its previous Ad platform, shifting towards an AI-powered ranking platform, which is seen as a game-changer, effectively navigating Apple's restrictions. According to Susan Li, META's CFO, Ad spending with META has accelerated considerably since 2011, even amidst economic challenges, highlighting the company's formidable strength. Furthermore, the upcoming monetization of Threads, powered by their new Ad platform, promises transparency and solid ROI for brands and businesses.
Considering the potential formation of an AI bubble, META seems poised to take center stage, The AI bubble could take a similar formation as the Mobile platforms, the focus shifting from hardware (Nvidia) to software (MS) and eventually to services (META).
Video Analysis of Cup & Handle & Elliot Wave C wave buyHello Traders, In this video I point out the bullish cup and handle pattern that is currently forming on NASDAQ:META 4hr chart. I also showed the Elliot Wave pattern .
I'm bullish on Meta for the following reasons
1) Oversold RSI
2) Bullish C Wave (upward)
3) Handle that has formed .5 fib level
4) The Bearish ABCD pattern sold off to the .5 fib level, and I'm looking for a retrace back up to $301.00
5) I have $306.00 as the breakout level of the cup and handle, which should cause price action to go to $325
"Not trading or investment advice. I will wait for confirmation of breakout of $306
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: Strong EMA Hold & Bullish Confluence Pre-EarningsExamining NASDAQ:META , the stock showcased resilience with an inside hammer formation on a 3-1 count, complemented by a rise in volume. It's commendable how it stands firm above both its 9 & 50-day EMAs, indicating strong bullish sentiment. Of particular note, despite market pressure from AMEX:SPY and TVC:VIX , NASDAQ:META staunchly defended its support levels. This strength was further underscored by its position as the 3rd highest in options call flow. As we navigate through timeframes, the stock maintains an inside day-week-month pattern, suggesting a possible bullish trend continuity. The presence of a hammer and a bullish flag across these timeframes amplifies this sentiment. With earnings approaching later this month, traders should keep a keen eye on NASDAQ:META for potential breakouts and trade opportunities
Magnificent 7 (former FANG, former FAANG, former FAANG+)Does anyone else wonder why financial media has rebranded the top stocks to the magnificent 7 and then portrayed their dominance as an anomaly instead of the primary trend?
A 10 year look at "tHe 7 StOcKs ThAt ArE LeAdInG ThE MaRkEt" vs the SPX-MAG7
META Analysis: Price Target Raised to $390Last week, the Meta Connect event took place, where the following were presented:
→ new Ray-Ban Meta Smart Glasses with a camera and microphones, including for broadcasting on social networks. The price of the gadget is USD 299;
→ Meta Quest 3 virtual reality helmet priced at USD 499;
→ AI characters for social networks, as well as Meta AI chatbot.
Overall, the products were received favourably. And now analysts are making predictions about how this will affect the stock price. Thus, Truist Securities analyst Youssef Squali raised his target price to USD 390 per META share, expecting that:
→ revenue will increase by 21% year on year;
→ the company will receive many benefits through the implementation of AI (for example, Emu — an image generation model; Studio AI — a platform for developers that allows one to create new and customized AI).
Add to this that the increase in revenue should be facilitated by the company’s intention to offer a subscription fee of USD 14 per month for using Instagram and Facebook, which will allow one to disable advertising.
The daily chart of META stock, meanwhile, shows a mixed picture.
Bullish arguments:
→ META stock is stronger than the S&P 500 market;
→ the price forms a movement within the ascending channel;
→ the price formed quick energetic rebounds from the lower border of the channel, thereby indicating the strength of demand.
Bearish arguments:
→ On July 27, when the high of the year was formed, extremely high volumes were recorded on the NASDAQ exchange. They can be interpreted as the desire of large players to fix profits from long positions. Since then, the July 27 candle area has acted as resistance. Price action near the USD 310 level (roughly the low of the July 27 candlestick) confirms bearish activity.
It is possible that in the coming weeks, the forces of supply and demand will balance out in the market, however, if the fundamental backdrop for META stock remains strong, it will help the bulls prove their superiority in the long term.
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.
META, BEARISH MARKET-View, Enormous SHORT-Side-Indications!Hello There!
Welcome to my newest idea about META on the major underlying dynamics that I have spotted in the chart, conditions, and dashboard recently. META has turned out to be one of the most bearish dumpers in the market with a massive bearish pressure momentum wave of over -76.00% to the downside liquidating over 800 positions in the market and elevating a gigantic bearish indication for the whole chart.
The recent trend is looking rather weak because of the massively declining volume which is not supporting this weak uptrend. This means that when a bearish wave to the downside shows up this wave is going to accelerate because the volume of this undercurrent weak uptrend is declining more and more. Especially, with a major supply structure staying between the 290 and 360 levels this is going to have the same bearish origin condition as it has been seen within the massive bearish pressure -76.00% dump.
Investors are losing more and more trust in the stock since huge allegations over several years are not decreasing and it seems that investors are decreasing their stakes and position sizes within the stock. This is underlined by the fact that the volume is decreasing within this weak trend and is not supported by investors because if this should be the case the volume would rise. Taking this into perspective here the underlying increasing attractiveness of the stock is increasing the bearish case and decreasing the bullish case almost completely.
As META is now approaching the upper resistance cluster zones with resistances marked by the upper distribution level together with the supply zone levels that already have been the origin of 800 Billion long liquidations in the past such a breakdown to the downside increases further the more often the META price-action penetrates the lower boundary of the crucial ascending-wedge the higher the possibility for a massive bearish breakout and continuation increases.
Once a breakout below the lower boundary of this gigantic ascending wedge formation has shown up similar to it already formed in the past before META dumped over -76.00% in a massive bearish pressure continuation this is likely to increase the possibility for further bearish momentum to accelerate and META is going to continue with this till support has been reached or till the bearish momentum is so severe that it is going to breakout below the lower boundary and just continues into the direction.
Therefore, it will be necessary to spot the actual wave-development to emerge within the next times and exactly because of this I am continuing to keep the stock in my dashboard watchlist and re-evaluate important changes as well as the major underlying factors once they emerged within the price-action.
In this manner, thank you everybody for watching my analysis about USDJPY. Support from your side is greatly appreciated.
VP
[S-014] MetaTrading idea number S-014 | Meta stock could raise to $336 area.
The setup is positive. The RSI is above the neutrality area at 50. The MACD is above its signal line and positive. In addition, the stock is trading above its 20-day and 50-day moving averages. On the pivot point at 298.14 we find very in-bearing support near the psychological area over which we expect a bounce.
📈 Long Entry at 307.56
💰 Take Profit at 336
💸 Stop Loss at 291