$META PLATFORMS * EWP TC FIB MONTHLY TF ANALYSISGiven that the stock is near the upper trendline and within Wave V, there could be limited upside left in the current cycle.
A few possibilities:
1. Continuation to Upper Resistance: META could continue pushing higher, potentially towards the $676 range (upper channel boundary), but likely face strong resistance.
2. Correction After Wave V: Once Wave V completes, a corrective phase (possibly Wave A) could begin. The correction might test lower Fibonacci levels around 380 USD or even lower, depending on market conditions.
3. Long-term bullish trend: Even if a correction occurs, as long as the price remains within the channel and above the support trendline, the long-term uptrend remains intact.
In short, a potential small upside to complete Wave V is possible, followed by a corrective phase.
Keep an eye on how the price behaves near key Fibonacci resistance levels.
METAD trade ideas
Meta and Spotify Criticize EU’s AI Decisions Stock up 3.53%On Thursday, Meta (NASDAQ: NASDAQ:META ), along with Spotify and several other tech companies, voiced strong criticisms against the European Union’s approach to data privacy and artificial intelligence (AI) regulation. In an open letter, these firms, along with researchers and industry bodies, claimed that the EU's decision-making has become "fragmented and inconsistent," warning that Europe risks falling behind in the global AI race.
The Regulatory Clash: Meta and GDPR Tensions
Meta (NASDAQ: NASDAQ:META ), which owns Facebook, Instagram, and WhatsApp, has been at the center of data privacy controversies in Europe, especially under the General Data Protection Regulation (GDPR). Recently, Meta (NASDAQ: NASDAQ:META ) halted its plans to collect data from European users to train its AI models due to pressure from privacy regulators. This followed a record-breaking fine of over one billion euros for breaching privacy rules.
The company, along with other tech giants, has delayed the release of AI products in the European market, seeking clarity on legal and regulatory frameworks. For instance, Meta delayed the launch of its Twitter alternative, Threads, in the EU, while Google has also held back on AI tool rollouts in the region.
The open letter signed by Meta, Spotify, and others calls for "harmonized, consistent, quick, and clear decisions" from data privacy regulators to enable European data to be used in AI training. The companies argue that without a coherent regulatory framework, the EU could lose its competitive edge in the global AI landscape, falling behind regions like the U.S. and China, which have been advancing rapidly in the field.
Meta’s AI Ambitions and Strategic Moves
Meta’s criticisms of the EU regulations come at a time when the company is heavily investing in AI technologies to enhance its social media platforms and introduce new products. AI is at the heart of Meta’s push toward the metaverse and other cutting-edge innovations. The company’s reluctance to release certain AI products in Europe is a direct result of the regulatory uncertainty, which hampers its ability to fully capitalize on its technological advancements.
With the EU’s AI Act coming into force this year, it aims to curb potential abuses in AI usage, but this stringent regulation may slow down innovation and delay product launches in the region. Meta and other tech giants believe that clearer rules will help unlock the potential of AI while protecting user privacy.
Technical Outlook: A Bullish Meta Stock Poised for Continued Growth
From a technical perspective, Meta’s stock ( NASDAQ:META ) has been on a stellar upward trend since November 2022, and it doesn't show signs of slowing down. As of the time of writing, the stock is up 3.66% and has entered overbought territory with an RSI (Relative Strength Index) of 70.54. This indicates that the stock may be poised for a temporary cool-off.
The stock's rise has been bolstered by broader market optimism, including the recent decision by the Federal Reserve to cut interest rates. This move is expected to benefit the tech sector, with Meta standing to gain significantly. With lower borrowing costs, tech companies like Meta (NASDAQ: NASDAQ:META ) can continue their aggressive expansion into AI and metaverse-related technologies.
Meta’s stock (NASDAQ: NASDAQ:META ) also exhibits a gap-up pattern that hasn’t been filled, suggesting a potential correction or consolidation period. Additionally, the stock has been consolidating since February 2024, indicating a potential bullish continuation pattern. However, with the RSI in overbought territory, investors should watch for a short-term pullback to cool off the stock before resuming its upward trajectory.
Meta’s AI Potential Amid Regulatory Uncertainty
Meta (NASDAQ: NASDAQ:META ) is navigating a complex regulatory environment in the EU while continuing to make strides in AI and technological innovation. Despite the challenges posed by GDPR and the AI Act, Meta remains well-positioned for long-term growth, with its stock reflecting strong momentum. However, short-term volatility due to regulatory decisions and technical factors may present buying opportunities for investors. As Meta (NASDAQ: NASDAQ:META ) continues to push the envelope in AI and the metaverse, the company’s future success will largely depend on its ability to navigate these regulatory waters while maintaining its innovation edge.
META Long IdeaHuge breakout for META today. It had many rejections near ATH before finally breaking today. It looked like a potential major triple top, but that is not the case. It's a blue sky setup and I don't want to chase it long up here, but if it wants to retest the previous ATH I'll most likely take a long.
Looking for a breakout of ATH's and then retest for META.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
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:
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Meta (Facebook) Price AnalysisMeta’s price is approaching a key daily resistance level. If we get a breakout above this resistance, it could signal the start of a strong upward move, with potential to target the next r level.
Key points to watch:
Breakout above the daily resistance: This could lead to a continuation of the uptrend.
If the breakout happens, the price may target the next level on the chart.
It’s crucial to watch the price action closely to confirm the breakout!
$META Daily Chart: Ascending Triangle – Breakout on the Horizon?On the NASDAQ:META daily chart, we see a classic ascending triangle pattern forming. The price action is tightening, signaling potential bullish momentum as buyers test the upper resistance.
A confirmed breakout above the resistance could open the door for a significant upward move. Keep an eye on volume for confirmation, as this could be a strong signal for continuation to the upside. Targets will be set based on the triangle’s height from the breakout point. I smell $600.
$META = approaching resistance zone from $540 to $545META - stock approacing resistance zone on daily time frame. looking to add calls above $535 for a move towards $540 and $545. Stock made higher lows on daily time frame and bounced off support zone indicating bullishness. Stock is good on indicator level.
Why Meta Stock Is Undervalued [3-Min. Video]The rocket booster strategy
is the key to understanding
trend analysis
--
Inside this video you will learn:
-Why this stock is considered cheap
-What is resistance
-What is the importance of a gap
--
Watch it right now to learn more
about the rocket booster strategy
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Also, remember to rocket boost this content to get more information.
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Disclaimer: Trading is risky you will lose money whether you like it or not
please learn risk management and profit-taking strategies
Meta Re-Enters UptrendMeta experienced a rapid rise and fall during August. After recently retesting its Daily 55 EMA, it has re-entered an uptrend as defined by the stacked moving averages.
Traders looking to gain long exposure to tech, communications, or even Meta itself will likely find the $520-$525 range as a decent area to enter.
The trade becomes invalid if Meta breaks its 55 EMA, which also coincides with the $500 psychological level. First target is near its all time highs at $542. This opportunity presents a trader with an initial r multiple of roughly 1, with the potential for further upside gains.
Meta Re-Enters UptrendMeta experienced a rapid rise and fall during August. After recently retesting its Daily 55 EMA, it has re-entered an uptrend as defined by the stacked moving averages.
Traders looking to gain long exposure to tech, communications, or even Meta itself will likely find the $520-$525 range as a decent area to enter.
The trade becomes invalid if Meta breaks its 55 EMA, which also coincides with the $500 psychological level. First target is near its all time highs at $542. This opportunity presents a trader with an initial r multiple of roughly 1, with the potential for further upside gains.
Meta Platforms Inc. (META) - A Strong Bullish Trend### META Stock: Bullish Trend Continues
📈 **Meta Platforms Inc. (META) - A Strong Bullish Trend**
Since late February 2023, Meta's stock has been on a consistent upward trajectory, forming a well-defined bullish channel. Key technical indicators support this trend, suggesting further potential for growth.
🔍 **Key Observations:**
1. **RSI Channel Formation:** The Relative Strength Index (RSI) has been trending positively, indicating that the stock maintains momentum within a bullish channel. Currently, the RSI is at 56.78, suggesting there is still room for upward movement without entering overbought territory.
2. **MACD Indicator:** The Moving Average Convergence Divergence (MACD) has remained in a positive trend, reinforcing the bullish outlook. The MACD line is above the signal line, indicating intense buying pressure and potential for continued upward movement.
3. **Support and Resistance Levels:** As the stock continues to trade within the established channel, monitoring critical support and resistance levels is essential. A breakout above the upper resistance could signal a new leg up, while a drop below support may warrant caution.
💡 **Conclusion:**
With the RSI indicating bullish momentum and the MACD supporting a positive trend, META appears well-positioned for further gains. Investors should monitor market developments and consider these technical indicators when trading.
The Rocket Booster Strategy:Meta Stock @ $525.60Yes its that time of the year when i get
to report on one of my top symbols
in the stock market NASDAQ:META
-
Yesterday was kind of hectic for me
i got into an argument with some children
being a parent is not easy
-
But once you understand the mindset of children
then you will be prepared
Kind of what this strategy is doing
it's preparing you for the uptrend
The rocket booster is easy to understand
-
It has 3 steps:
#1-The price has to be above the 50 MEA
#2-The price has to be above the 200 EMA
#3-The price should gap up
-
And this is what you are seeing
in this price action
To learn more Rocket Boost this content
Disclaimer: Trading is risky you
will lose money whether you like it or not
please learn risk management and profit
taking strategies
Oil meta soybean oil coffee9 10 24 there was a good short trade for oil and now that it's closer to the bottom of arranged box I would be looking for a reversal pattern to go higher or I would take my profits which would be 2000 dollars and sit tight. soybean oil just took a dive lower but couldn't make a move below the support area when the market first started going higher.... so this is either an ominous sign that there will be new lows or this could be a bear trap where the smart money takes out the buyers but the market doesn't break lower and then starts making new highs. a terminology may not technically be correct when I say bear trap and there may be more than one pattern that's a bear trap but you should get the idea from my explanation since whatever I call it doesn't really matter it's just a matter of what the smart money and the fast money you're doing as well as your observation regarding where the buyers and the sellers are.
Will META's bullish case continue with these headwinds?
NASDAQ:META
Meta's Resilience: A Bullish Case Amidst Market Turmoil
While many tech giants face headwinds, Meta has been a standout performer. Despite the looming threat of a recession, I remain optimistic about the company's long-term prospects.
Meta's AI-driven ad platform has proven to be remarkably sticky, even in challenging economic conditions. As businesses of all sizes continue to rely on targeted advertising, Meta's revenue stream is well-positioned for continued growth.
Technically, Meta's chart is starting to exhibit signs of a potential pullback. A rising wedge formation suggests that a short-term correction may be on the horizon. However, I believe that strong support levels at $443, $412, and $384 should provide ample opportunity for investors to accumulate shares at attractive prices.
If the market takes a significant downturn, I'm confident that Meta's underlying fundamentals will support a recovery. In such a scenario, I would view a dip below $275 as a compelling buying opportunity.
Disclaimer: This is not financial advice. Always consult with a financial advisor before making investment decisions.
META September 5, 2024: A Pull Back to MA-50With the current market condition, breakouts mostly failed during the last 1-2 months. We try to find stocks that are holding well during market correction, some kind of pulling back to its meaningful support.
On September 5, 2024, NASDAQ:META pulled back to its MA-50 after the market's strong down move.
We opened a pilot position here, expecting the stock will consolidate around this level and will move up to a new high when the overall market condition will improve.
Meta (META): Watching for a SetbackIt has been a lovely rise within META since 2023. However, we are now continuing to range for some time, which is usually a sign of a possible setback before a continuation. This setback could be beneficial for sustainable growth and further rises.
Zooming in, we can observe a range building since February 2024. This range has been respected multiple times so far, and it seems likely to continue. However, the small breach of the top looks somewhat like a Swing Failure Pattern (SFP) and could be a signal of profit-taking by many traders. If we breach through the $440 level, we could see a change of structure if a candle closes below it. If this happens, it would confirm our analysis. Until then, we might see higher prices as this is technically still a bullish trend within this range.
Another small indicator supporting our view is the bearish divergence on the RSI. While RSI is a good indicator with a high win rate, it’s not infallible, so this scenario might not play out. Still, this seems the most likely outcome to us at the moment.