META: Breakout of moving averageHello.Trendline breakout + above moving average + RSI in oversold zone
META trade ideas
METALONG-TERM: Retesting break back above historical level and downsloping channel breakout. (not financial advice)
META to extend losses even more?Meta - 30d expiry - We look to Sell a break of 107.98 (stop at 115.15)
The primary trend remains bearish.
There is no clear indication that the downward move is coming to an end.
This is curremtly an actively traded stock.
108.32 has been pivotal.
A break of the recent low at 108.32 should result in a further move lower.
Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 91.04 and 88.04
Resistance: 126.40 / 134.00 / 142.00
Support: 115.00 / 108.50 / 96.00
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$META breaking out of Symmetrical Triangle on Daily $META finished inside on the daily with a wedge break and looking for the $123.3 PL. If we can break above $120.4 we can extended to the $121 PL and then $123.3
NASDAQ:META
META tradeplanHello Birdies,
As we see alot of resistance on chart in form of channel retest and pivot circles.
Get ready for shorting this stock.
We are seeing bounce area on 78 and on 58
META - Zuckerberg Strikes Back?Year-to Date performance from NASDAQ:META already been down 65%.
If we take a look from the Weekly Chart, major downtrend has been occured since end of October 2022 and started to give some reversal signal until today.
Weekly Candle position is in the resistant area from the major downtrend formed since early 2022.
In the smaller timeframe (4H), META's candle form a consolidation area with resistant range between $122.53 - $124.670 (Last $120.27).
Additional information on other indicators which I regularly used for my analysis (using 4H Chart):
1. Stochastic repetitively Golden and Dead Cross in between value area of 50 and currently %K above %D and the value is above 50.
2. Squeeze Momentum Indicator shows narrow Histogram and Squeeze Signal has been shown a squeezed since 16 Dec 2022.
3. MACD is currently in a positive area and tend to flat in the area near 0 value
4. Pivot Weekly movement in the Central Pivot Range since 12 Dec 2022 and candle position currently above its Monthly Pivot Range.
Next week will be interesting if the candles can breakout 2 resistant area: Down Trend Line and Horizontal Area or when Squeeze is released with Positive Histogram on 4H Chart.
Pay attention to 4H Chart EMA200, because META's position has been below EMA200 since Q4 2021 and only occasionally above it until today, expect heavy resistant near EMA200.
Is it time for Zuckerberg to strikes back?
Disclaimer:
Writer is not responsible for any trading activity by individual who read this analysis.
Writer do not have any position in NASDAQ:META when this analysis is posted.
META scenariosMETA stock is coming into resistance levels, if you are long from Oct bottom congrats & make sure stop in place.
Should price resume downtrend, the last low should provide solid bounce, if not next level are the orange lines.
I have doubts it can break out without longer consolidation, specially with market still in unstabil.
META....4H= Technical analysis of META on the 4-hour chart
= The analysis is based on trend analysis and the Dow Laws
= Now, after breaching the downtrend, we have two buying targets
= The analysis fails by breaking the level of 108.55
$META Wedge break out on daily and Weekly $META wedge breakout on the daily and above the 50 EMA with a 2-2-2u reversal on weekly. Next PT is the $123 PL
NASDAQ:META
At ResistanceLooks like a small ascending triangle.
Upgraded by JPM.
This needs to break the resistance directly overhead with an uptrend (Some use 2 confirmed closes above it as throwbacks are common), then there is plenty more resistance levels for META to deal with.
Today is the 5th attempt to break that line.
One step at a time/be careful closer to earnings/ 1-25-23 AMC.
No recommendation/Price is above the channel down and the .786 of the trend up since the covid low.
Bull flag that has not meant 100% target due to the resistance zone. Some would measure the pole, move the pole to the point of the break out to get possible targets.
Any pattern can fail.
Meta .. sink or swimClosed at support , tomorrow we either break above white trendline and close gap at 120 or we break support and sink to 108..
META - Weekly ChartFalling wedge has formed. Tested bottom trendline of the wedge and bounced back. Now it can potentially break the top trendline.
There also has a Bullish divergence on Klinger Oscillator.
That can be a trend reversal.
Meta waiting to break the rangePrice action is stuck in the range and thats why waiting for the candles to break the rectangle area in bullish or bearish ride.
Bullish Indications:
1- Trend was bullish in 1H view but now sideways
2- Major Resistance Levels are 124, 130, 135, 141 which can become support if price is going in bullish ride
Bearish Indications:
1- trend is bearish on 1Day and 4H view but currently in sideways
2- Major Support Levels are 112, 109, 100 which can become resistance if price is going in bearish ride
Biase: Buy Stop Order + Sell Stop Order
Plan A:
Long (Buy Stop)
Entry: 125
SL: 122
TP1: RRR1
TP2: RRR2
TP3: RRR3
Plan B:
Short (Sell Stop)
entry : 111
SL: 113
TP1: RRR1
TP2: RRR2
TP3: RRR3
META Confluence of Resistance in the 118 RangeMETA is trading in a rising wedge, just below December VWAP, which will be intersected by a downtrend line containing all price action since the December high.
Could be an "interesting" week with hedge funds adjusting their year end portfolios, but this looks like a decent short setup... at least at this moment.
-Accumulation of continuation?-The High pivot pointed by SETUP on the weekly chart.
-First pivot high formed on the daily chart's accumulation.
-Second attempted bullish pivot formed on the daily chart's accumulation. It wasn't very far.
-Third and last attempt to pivot the accumulation. Will this time go after the FIBO gold region at $139.66?
-Hour chart suggests that long-term (buy and hold) are defending the bottom region at $102.2, as such, we can see prices going only as low as $135.12.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other reviews.
METAMeta in very bad shape may not survive the coming huge melt down
the whole market will be correted to 2007 price levels
