$META April will tank stock to 20day SMA on 10D chartBe Patient and wait for April with this bad boy. 9 Count is already underway.
METAD trade ideas
Facebook, Instagram & Threads Back Online After OutageMeta 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 Outage Details:
The outage primarily impacted Facebook and Threads, with users reporting difficulties accessing the platforms as early as 10 a.m. ET. Instagram users also faced issues, including feed refreshing problems. However, Meta spokesperson Andy Stone reassured users, stating that the technical issue was promptly resolved, attributing it to a temporary glitch.
Impact on Presidential Primaries and Social Media Campaigns:
The timing of the outage coincided with Super Tuesday presidential primaries in the U.S., raising concerns for political campaigns reliant on social media platforms for voter engagement. The disruption underscored the critical role platforms like Facebook and Instagram play in modern political communication strategies.
Market Reaction and Tech Disruptions:
The outage prompted a flurry of activity on social media, with hashtags like "#instagramdown" and "#facebookoutage" trending on X. Meta's stock saw a slight dip, reflecting investor sentiment amidst the temporary service disruption. Additionally, Meta acknowledged "major disruptions" across its business products, including Meta Admin Center and Facebook Login.
Broader Tech Landscape:
Google's YouTube also experienced technical difficulties on the same day, further highlighting the interconnected nature of tech platforms. While Meta's outage was swiftly resolved, disruptions in other services like Gmail raised questions about potential underlying infrastructure issues in the tech ecosystem.
Conclusion:
Despite occasional setbacks like the recent outage, Meta ( NASDAQ:META ) continues to be a dominant force in the social media landscape. As users and investors navigate occasional disruptions, Meta's ability to swiftly address technical challenges reaffirms its commitment to ensuring seamless user experiences.
META - Expecting to test its prior ATH levelMETA reports Earnings on 01-Feb-2024. I expect META to test its prior All Time High level of 384.33 (made back in September 2021).
CMP is 368.37 (day close price - 01/17/2024)
Daily chart shows a nice hammer formation. If market were to support, we should see a nice move on this
SL would be < 350 on Daily Close basis
Meta Faces Legal Hurdles in Brazil Over Name DisputeMeta Platforms ( NASDAQ:META ), the parent company of Facebook, Instagram, and WhatsApp, has been ordered by a Sao Paulo court to cease using its name in Brazil within 30 days. This decision comes after a local computer services provider, Meta Servicos, filed a lawsuit claiming damages due to confusion between the two entities.
The lawsuit, filed by Meta Servicos, alleges that since Meta's name change in 2021, it has suffered significant harm, including being wrongly implicated in over 100 lawsuits and having Instagram profiles disabled for alleged impersonation. Meta Servicos, based in Barueri, Brazil, registered its brand with Brazil's National Institute for Intellectual Property in the late 2000s, establishing prior rights to the name.
Meta's failure to comply with the court's decision could result in significant financial penalties, with the appeals court in Sao Paulo ruling that Meta ( NASDAQ:META ) must pay 100,000 reais ($20,201) per day for non-compliance.
This legal dispute highlights the importance of brand protection and the potential consequences of overlooking intellectual property rights. Meta's rebranding efforts, which aimed to focus on the development of the "metaverse," a virtual environment seen as the future of the internet, now face significant challenges in Brazil.
While Meta ( NASDAQ:META ) has not yet responded to the court's decision, the implications of this ruling extend beyond the immediate name change. It underscores the complexities of navigating international legal systems and the need for multinational corporations to conduct thorough due diligence when rebranding or expanding into new markets.
Furthermore, this case serves as a cautionary tale for companies operating in the digital age, where the boundaries between virtual and physical assets are increasingly blurred. As the metaverse gains traction as a new frontier for innovation and commerce, ensuring clear and distinct branding becomes even more critical to avoid confusion and potential legal entanglements.
META - Lots of room to move! Don't miss your chance againMETA is showing some extremely bullish signs and at the very least you can see that from all the bullish volume stepping in yesterday at the bottom of our orange range. That is confirmation for me that if we activate orange strong buying (which we did), we can expect a retest and soon breakout of this orange very tapered buying channel.
Lots of profits to be made here - look for an opportunity with a retest and some structure to grab all the left shoulder liquidity we've built for this move up.
See you at market open!
Happy Trading :)
META - How I caught the entirety of today's 8 point move!We discussed this to look out for in last night's video analysis on META (please watch that video linked below if you haven't so you can start to see what I'm seeing!!). So much profit was to be made today on this stock from the initial rejection of green (knowing we needed to build more liquidity) down to the retest of teal and support from orange tapered buying (the bottom of our recent range).
Stay tuned for more analysis so that you can learn this skill! It's incredible what we can do in the market once we start to see these algorithms at work!
Hope you all had a great day as well and looking forward to another profitable trading day tomorrow!
Happy Trading :)
META: Soon to be the leader in the AI race? (29/02/2024)The Information announced that Meta Platforms Inc. intends to introduce an updated version of its AI program LLaMA (Large Language Model Meta AI). According to the company, LLaMA outperforms GPT-3 in most parameters. Thus, Meta aims to establish itself as a leader among the developers of artificial intelligence technology. Considering Facebook's billion-dollar audience, the company may have significant revenue growth prospects.
So, today is the right moment to look at the Meta Platforms, Inc. (NASDAQ: META) stock chart.
On the D1 timeframe, support has formed at 480.60, with resistance at 487.27. A fairly narrow channel has developed between these levels. The uptrend continues after a solid quarterly report.
On the H1 timeframe, a rebound from the 487.27 level could set a short-term target for a price increase at 520.00, while in the medium term, it could hover around 550.00.
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FB (META), What is going on?Stocks fall one after another !
We Saw a considerable decline in FB (Meta) Stoc k after earning report after hours of last trading session. What is happening for FB (Meta) in terms of Elliott waves?
FB (META), has likely completed a primary degree ascending cycle started on 4th Sept 2012 at 17.55 USD . This cycle took 9 years to be completed therefore, we can imagine how boring will be the correction phase before completion !
If true , FB (META) has started a correction decline form ATH (384.33) down to Retracement levels with today's pre-market price around 0.382 level.
Although 0.382 retracement is also possible for wave 2s , I give very low possibility to bounce back from this level according to timing and corrective patterns.
Retracement down to 200 , 157 and even 96 USD corresponding to 0.5 , 0.618 Golden Ration and 0.786 Retracement levels is very possible, I tried to show the probability of each possible Retracement with thickness of arrows with the thickest to be the most probable ( As I suppose ) and vice versa.
After completion of this primary degree wave 2 , there will be a huge up going wave which is primary degree wave 3 . This wave 3 will push the price up to at least 700 USD and even higher ( Very good news for long term investors ) depending on at which retracement level this boring correction phase ends. It is too soon to talk about this target we can update our targets in next years !
Please note this is a very long term prediction so, there will be lots of ups and downs and fluctuations in our path. What is happening on FB (META) is more than likely similar to whats happened for ETSY, SHOPIFY, SQ and many others in the market.
As I showed on the chart, this is what I see as the most probable scenario which means there are more optimistic scenarios. Mots probable more optimistic scenario is that FB ( META) is just correcting the wave cycle labeled as wave (5). As far as the stock is trading above 170 USD, this scenario is valid.
Hope this analysis to be helpful and wish you all the best.
60% drop from its peak for Meta PlatformWho doesn't like sales ? Especially branded goods that costs full price when it was launched in the retail outlets. The savvy shoppers will wait patiently for their beloved branded items to go on sales before going on a shopping trip.
I believe the stock market works the same way too. Now, Meta Platform is offering 60% discount from its peak but I believe the selling pressure ain't over.
I plan to scoop some shares of this Company at around 123 to 138 price level. That would be the 2018 low.
Unless you have a limitless budget to go on your shopping trip, you probably want to plan a bit and decide what you want to buy. This is Opportunity Costs, achieving something and foregoing something else.
Therefore, when the market is down, spend your time doing your research and plan what stocks you want to add into your portfolio. Of course, nothing is 100% accurate but you will be more at ease and have a peace of mind knowing you had invested time to read up on the businesses you want to acquire.
3 Steps That Enhance The Rocket Booster StrategyWe are in a market bullrun right now that is very much insane.
And META NASDAQ:META formerly facebook is one of the stocks for you to watch this
week.
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What are you watching for?
Well you are waiting for the MACD lines to cross in order to give you the
buy signal.
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Why is that?
Because this indicator enhances the rocket booster strategy
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You may be thinking what is the rocket booster strategy?
Below are some references for you to find out.
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For now lets look at 3 Steps That Enhance The Rocket Booster Strategy
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-Look at the chart the stock has gapped up
-Also when you look at the chart the stock gapped up on high volume
-Notice again when you look at the chart that the MACD Histogram is below the zero line
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Even though this stock is oversold
it will not crash but sadly not everyone has read this article i have written for you
so that means they are shorting this stock
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It is that shorting that is pushing the price even higher and higher
Because if you watched my stream or have read my previous articles i told you that
a reversal does not always mean the price will crash
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A reversal could also mean a change is on the horizon.
So watch out!
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Trade safely and rocket boost this content to learn more.
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Disclaimer:This is not financial advice, do not trade whatever i recommend to you please do your own research before you buy or sell anything you will lose money trading so take this as a warning!
META - Exciting opportunity this week! THE GOLDEN WEDGEWill we see the first ever (Coined in this video) golden wedge this week!? It's a huge part of my trading and a great way to identify a breakout incoming - especially on a stock like META where volatility and volume is huge on a daily basis.
The Golden Wedge is basically when price uses our strongest controlled selling algorithm (Magenta here) to build liquidity and this acts as support to push us back into our less strong controlled selling algorithm (Teal here). Once that happens, we'll see teal acting as support and proving sell-side tapering (meaning buyers have regained stronger control and have dug deep enough to make a move higher). The wedge happens in between the resistance of the top of our strong selling magenta and the support of the bottom of our weaker selling teal.
Look forward to seeing you all there if/when it happens - and if not, we are still prepared for other trades as we have the proven algorithms and now just need to see where price goes and who is in control entering the trading week.
Please join me tomorrow at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
And as always,
Happy Trading :)
META Analysis! Trend Reversal!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 pattern is a Trend Reversal Pattern. Now we can see a strong bullish momentum. The important upside levels are marked on the chart so please have a look on it and one more important thing is we can set a stop loss below the neckline.
Thank You!
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
75: Reddit A Game-Changer in the Social Media Market?As Reddit prepares for its highly anticipated initial public offering (IPO), investors are buzzing with excitement. With Meta (formerly Facebook) currently dominating the social media sector, Reddit's entry promises to shake up the landscape.
Market Potential: Reddit's unique community-driven platform has garnered a massive following, making it a potential powerhouse in the social media realm. Its upcoming IPO signals confidence in its growth prospects and market potential.
Competition: While Meta remains the industry leader, Reddit's IPO could introduce healthy competition, driving innovation and benefiting users and investors alike.
Investment Consideration: As Reddit gears up for its IPO, investors are weighing the opportunity to participate in this dynamic market. With Meta's established dominance, Reddit presents an intriguing alternative for portfolio diversification and potential returns.
With Reddit's IPO on the horizon, the social media market is poised for disruption. Investors should closely monitor developments and consider Reddit's potential impact on the sector. Could Reddit emerge as a formidable competitor to Meta? Only time will tell.
TD 9 Count Exhaustive Candle and Tristar forming? Confluence?So this has a lot of bearish potential.
The highest and most exhaustive candle of the TD Count is the TD-9.
We also have an Unconfirmed (It will take 2 days to confirm) Tristar pattern.
If the candle closes as such, we have 2 bearish points of confluence and both rely on similar ideas, both on top of a rally made up of consecutive candles, making them an ideal setup for a short.
That large candle was a 20% move and happens to be the highest we have ever been. That means we have a massive volume well under us with no horizontal protection. I assume at best there might be some angled physiological trend line to slow down a possible dump with small breaks but it's a long shot I don't know.
The reversal potential is huge and so far.. both these things I have mentioned are biased towards the downside. It will also probably bring out some short-term bearish trends on the weekly as well.
So, the upside of this is... it could fail and keep going I feel like this is more for anyone who invests casually. not trading If it were me, I would take profit as it stands wait for candles to the upside, and make sure this zone becomes support rather than a ceiling to be broken because it's already pretty high up. I see it falling up to 20-25-30% max. That stinks if you are holding. I personally rather be disproved by what comes next and allow the usual mentality to be that these stocks will grow anyway, and you're going to be up anyway eventually, I would not risk it though.
So the risk seems like take an L for a couple of weeks and hold the whole way through. Maybe you get out and get back in at a reasonable discount. worst-case scenario you buy a bit higher after the market shows that you should be okay. Meta is not going anyway anytime soon.
Anyway.. we are 2 days early anyway, but it's suspicious all I'm saying.
META Lights the Path: Get In on the SELL Action Today!"## Meta Platforms, Inc. (NYSE: META) - Short Fundamentals & Recent News (as of February 21, 2024, 23:00 CET)
**Fundamentals:**
* **Current Price:** $167.66 (USD)
* **Market Cap:** $254.73 billion (USD)
* **P/E Ratio:** 21.74
* **EPS:** $7.67 (USD)
* **Revenue:** $117.93 billion (USD) (TTM)
* **Gross Margin:** 82.2%
**Recent News:**
* **Positive:**
* Meta's Reality Labs division, responsible for the metaverse, reported strong user growth for its Horizon Worlds platform.
* The company announced a $40 billion stock buyback program, signaling confidence in its future prospects.
* Meta is investing heavily in artificial intelligence (AI) and machine learning, which could drive future growth.
* **Negative:**
* The company is facing regulatory scrutiny over its data privacy practices.
* User growth on its core Facebook platform has slowed down.
* Meta's advertising revenue has been impacted by macroeconomic headwinds.
**Disclaimer:**
This information is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
**Additional Notes:**
* The stock price is based on the most recent closing price and may not reflect real-time market conditions.
* The P/E ratio is a valuation metric that compares the company's share price to its earnings per share. A higher P/E ratio can indicate that the stock is more expensive relative to its earnings.
* The EPS is the company's earnings per share, which is calculated by dividing its net income by the number of outstanding shares.
* The revenue is the company's total income from its core operations.
* The gross margin is a measure of profitability that shows the percentage of revenue that remains after accounting for the cost of goods sold.
I hope this information is helpful! Please let me know if you have any other questions.
META - Interesting price action repeating itselfWe could see a failure to reach new highs and all this left shoulder liquidity can be used to push us below (or at least retest) the key 453 level. From there, we have a massive gap to fill to the low $400. Prior to any short entries, however, I will for a retest of the top of our teal selling channel which will form our right shoulder - and with a lack of buying volume needed to break us out, I will look to enter a short position.
META Update: Not much to addThere really isn't much to add about META. We're just waiting on the final machinations of this wave v of 3 to finish. We made a high on neg div, but it wouldn't be out of the ordinary to push up to the 1.382 extension @ $510.54. Once we do finish this move higher, we will start our retrace for wave 4 and if it is to keep with the theory of alternation it will be a deep retrace. I would suspect wave 4 to take us to the $330's or so. Until we make a high and start to carve out some downward price action though, I can't say for certain.
Once we do get that high and start headed lower, I will update with a micro count. Until then it would just be conjecture as price has already extended far beyond normal micro count fibs, hence the larger count guiding us.
Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Boy Who Cried Wolf...I have been wrong about the communication sector for the last couple of months and I truly know that I should throw in the towel.
But, I know that as sson as you feel like giving up on your bias, it begins to turn into truth...
I am still bearish on this short term and I think tech will feel the true damage of higher for longer ;)
META STILL A SELL+++++$415 should be tested in coming weeks for gap fill. This nonsense is up on BS bogus user data and the AI bubble
** META Price Action Review ** Going over META price action looking for the clues the market is leaving us. what we did yesterday doesnt count anymore. what are we doing today? whats our plan? where is our action Areas? these are the ?'s we need to focus on.
📈 Trading Analysis - Meta (Months Chart): V Bottom Pattern Hello traders, I hope you had a great weekend.
Today, let's focus on Meta as a compelling price action reversal pattern, the V-bottom, has emerged. Upon analyzing the monthly chart, it's evident that a V-bottom pattern has developed, suggesting a potential price reversal. The price has successfully broken above the breakout point at 383.72.
For those with an appetite for aggressive trading, entering the market during trendline breakouts at the base of the V-bottom pattern is an option. However, it's important to note that straightforward trendline breakouts have a success rate of only 52%.
Now, if the price manages to sustain itself at the 38% level, specifically at 496.79, there is a possibility of a retracement back to the breakout point. While not guaranteed, such a retracement could offer a potential long entry opportunity. With a success rate of more than half, the price might target the 62% level at 567.95 and the 79% level at 617.20, sooner or later.
META Technical Analysis and Trade Idea#META has experienced a remarkable bullish surge. However, the 1D timeframe indicates potential weakness as we see the trend ranging sidweays creating lower highs. We are considering a possible retracement towards the 50-61.8% Fibonacci zone potentiall trading through the gap evidenced on the chart. This area typically attracts increased liquidity due to sell stops, potentially encouraging long positions from institutional traders.
Trading Considerations Meta Platforms:
Counter-Trend Short: Explore a short entry near the current price level, strategically placing a stop-loss above the recent highs. Maintain a 1:1 risk-reward ratio for this trade.
Fibonacci Buy: Target a potential buy opportunity close to the 61.8% Fibonacci retracement level. This aligns with the possible accumulation of long positions by larger market players. Utilize a stop-loss below the recent swing low, and define target levels as shown on the screenshot.
Disclaimer: This analysis offers my personal market interpretation for educational purposes and should not be considered direct financial advice. Always prioritize your own independent research and thorough risk assessment before making any trading decisions.
