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 :)
METAD trade ideas
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.
โ
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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.
--
What are you watching for?
Well you are waiting for the MACD lines to cross in order to give you the
buy signal.
--
Why is that?
Because this indicator enhances the rocket booster strategy
--
You may be thinking what is the rocket booster strategy?
Below are some references for you to find out.
--
For now lets look at 3 Steps That Enhance The Rocket Booster Strategy
--
-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
--
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
--
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
--
A reversal could also mean a change is on the horizon.
So watch out!
--
Trade safely and rocket boost this content to learn more.
--
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 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.
Still room to run to 420 (at least)META target by end of Feb 2024 is 420.
3 most likely paths to target:
1) 1pt solid black arrow = earnings pop to 405-413 and then continue to 420 by 2/7/2024
2) 2pt (thick) solid black arrow = earnings pop and then run to 420 by 2/21 (more conservative)
3) 2pt (thick) grey arrow = drop to 373-378 after earnings which would get bought up fast and then run to 420 by end of Feb. (would be great opportunity to enter long).
Not playing this for earnings but it should be a good indicator for what market will do mid-term. My expectation is SPY will continue higher to 500+, and the earnings today 2/1 will be a catalyst for this.
I think at least 2 of 3 of the big tech earnings will be bullish todaym maybe all 3:
META to 420
AMZN to 164
AAPL to 198
META Is it finally time to correct?Meta Platforms (META) has been among the biggest winners in 2023 and of course is having a great start to 2024 as well. Those who follow us know that we have been big bulls on META even right on its 2022 bottom (see charts below), when most of the market had lost faith in the company's operations, business model and its ability to generate profit.
We even mapped to perfections its V-shaped recovery to new All Time Highs (ATH)
As the company had one of its best 1W candles in history last week following the dividends announcement, we are starting to consider a short/ medium-term pull-back for the stock. This is also justified by historic price action. Since the current large Megaphone pattern started in mid 2018, META has corrected to or below its 0.236 Fibonacci retracement level within a -16.00% to -19.77% decline range, 5 times. On all cases except for the initial 2023 recovery, the 1W RSI was overbought above the 70.00 mark. Right now the 1W RSI is on its most overbought state in history.
As a result, we have a growing belief that it is time for the social media giant to start correcting again. A minimum of -16.00% decline will deliver a $410.00 Target level for META, just below the 0.236 Fibonacci level. Note that during all such declines, the 1W MA5 (blue trend-line) provided support, closing all candles above it.
Do you think it is time for a 4 - 6 week correction?
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ 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. **
-------------------------------------------------------------------------------
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
Meta: Reached the Destination ๐โ
Meta has reached our (now greyed our) Zone and started a pullback. We primarily expect the magenta-colored wave (iii) have already reached its high. Accordingly, we currently see the stock in a correction of the same-colored wave (iv), which should ideally push the price back towards the round $400 mark. According to our alternative scenario (38%), it would possible that the stock immentily rises. However, this scenario would merely shift the top of the wave alt. (iii) in magenta, which is why we expect another countermovement to the south afterwards before we can move on to the final stage of the green wave (1). As soon as the high of wave (1) in green could is set, we are preparing for a more extensive wave (2) correction.
META Update: Count points much higherThere's a lot to unpack in this post. We'll start with the obvious and that price raised much higher than I anticipated. Rather it be the announcement of dividends or something else I'm not sure. The price action we got before the earnings released appeared corrective in nature which pointed lower. Given the new action we've received I've spent a decent amount of time looking at this thing from as many different angles as possible.
The first thing I want to point out is how high MACD went. This easily confirms we are in fact in our wave III. On the larger count, the strength of this move up signals we should be headed towards the 0.786 fib @ $996.55 to complete ((1)) of III. Seem crazy? Yea, it does to me too. As I have said in the past, though, I don't make the rules I just follow them. This is the standard fib one should expect an extended wave 1 to end no matter the degree.
On the chart I have a few boxes. We're currently in the target box for wave v of 3 which could rise as high as $510.54 and remain standard. I'm not saying it will, just that I don't expect it to move above that without first retracing to the next box with the wave 4 label. Should it move above the 1.382 @ $510.54 that means it is beyond standard fib levels and structure alone would have to guide us to the top of that wave. Given how META gained almost $100 in less than 24 hours, I suspect traders will be looking to take profits. On the 4HR chart, MACD just flashed a sell signal so ideally, we should be headed down for 4 next. I'm not some magician with a magic 8 ball that can see the future though, so I can't say for certain. When we get some more price action, I will update y'all on the expected path we're on.