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M1TA34 trade ideas

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: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:METALong
by InvestingScope
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!
NASDAQ:METALong
by rebenga93
$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.
NASDAQ:METALong
by Solidified
1
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 -- Also, remember to rocket boost this content to get more information. -- Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies
NASDAQ:METALong
by lubosi
2
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.
NASDAQ:METALong
by DEB23
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.
NASDAQ:META
by DEB23
1
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.
NASDAQ:METALong
by jhaynsf
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
NASDAQ:METALong
by lubosi
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.
NASDAQ:META
by ScottBogatin
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.
NASDAQ:METAShort
by Average_Joe_Options
2
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.
NASDAQ:METALong
by longsonvn
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.
Editors' picks
NASDAQ:METAShort
by freeguy_by_wmc
5
META Bullish + Bearish PathsMETA was one of my top trade ideas for the week recently and this is a similar setup, but overall it hasn't moved much yet. I'll be watching the 523.20 level along with this descending wedge, it closed right at the top end last week. If we get a wedge breakout and it reclaims 523.20, I'd look to exit puts and potentially buy calls on a dip. If we get a rejection here instead, I'd expect it to at least hit the bottom end of the wedge, final target for me would be the 492 area.
NASDAQ:METAShort
by AdvancedPlays