META: Exponential Scaling PI^0.1Meta Platforms, Inc. has been on a meteoric rise, recently surpassing $700, and its price action suggests a strong adherence to exponential growth patterns rather than linear trends. Traditional charting methods often fail to capture the real movement of high-growth stocks, making the Exponential Grid indicator, which applies non-linear scaling using a constant of Pi and an exponent of 0.1, a valuable tool for traders and investors. This approach highlights key exponential support and resistance levels, which the stock has consistently respected over the years. After a significant downturn in 2022, META rebounded impressively, breaking through critical resistance in the $500-$600 range, and now faces its next potential hurdle around $750-$775. The exponential scaling framework helps to identify price zones where reactions are likely, offering better risk-reward assessments, improved stop-loss placements, and more accurate price targets compared to linear scaling. As META continues its parabolic ascent, the next move depends on whether it can sustain momentum above exponential resistance, potentially pushing it into uncharted territory, or whether a pullback to lower exponential supports occurs. With technology stocks often following logarithmic or exponential growth curves, tools like the Exponential Grid are becoming essential for trading dynamic and volatile markets effectively. Understanding these patterns is not just a technical advantage but a crucial edge in navigating today’s ever-evolving stock market landscape.
META trade ideas
META - Technical Analysis & GEX Insights - Feb. 13Technical Analysis:
* Trend Overview: Meta has been on an uptrend, pushing towards a key resistance zone.
* Support Levels: Immediate support at 712.5, with a stronger level near 690.
* Resistance Levels: Price is approaching 730, with the next major resistance near 740-750.
* Indicators:
* MACD: Positive momentum but showing signs of potential slowing down.
* Stochastic RSI: Overbought conditions, indicating a possible pullback or consolidation before another leg up.
* Volume: Increasing volume on bullish candles supports the upward move.
GEX & Option Flow Analysis:
* Call Walls:
* 730: 93.92% probability of resistance.
* 750: Highest positive NETGEX level, acting as a major resistance/gamma wall.
* Put Walls:
* 712.5: Weak support based on gamma exposure.
* 690: 11.67% put support, a stronger level to watch in case of a pullback.
* Market Sentiment:
* IVR: 8.8 (low implied volatility).
* IVx Average: 29.7 (slight decline).
* Call Ratio: 10%, indicating bullish sentiment but with caution.
Trading Plan:
* Bullish Scenario:
* A breakout above 730 could push toward 740-750.
* Entry on pullbacks near 712.5-715, targeting 740+.
* Bearish Scenario:
* If price rejects 730, a drop toward 712.5 or even 690 is possible.
* A break below 690 could trigger more downside.
Final Thoughts:
* META is bullish, but watch for rejection at 730.
* Scalpers: Trade momentum breakouts.
* Swing Traders: Look for retracements to enter long positions.
Meta Short: PeakedI've explained in this video why I think Meta has peaked. Here's the summary:
1. Completion of 5 waves.
2. Fibonacci Extension level hit (target: $725.76, actual: $725.01, diff: $0.75)
3. Bearish Reversal candle with high enough volume (I missed mentioning this in the video)
This is a good risk-reward trade with Stop at $726 and take profit at $550.
Good luck!
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.
META & COST are overboughtMETA & COST are overbought. With a RSI by 80 and trading above it's outer ATR band of 3x standard deviations. Once momentum fizzles out, gravity will bring META & COST back down to SMA20. So here's a straightforward trading idea.
META levels:
ATR 23
SMA 20 = 653
SMA50 = 623
SMA100 = 598
SMA200 = 545
COST levels:
ATR 20
SMA 20 = 965
SMA50 = 963
SMA100 = 932
SMA200 = 882
META short trade idea:
short 715
stop 725
profit 655
COST short trade idea:
short 1060
stop 1070
profit 965
META options data:
2/21 expiry
Put Volume Total 20,489
Call Volume Total 25,697
Put/Call Volume Ratio 0.80
Put Open Interest Total 105,207
Call Open Interest Total 131,858
Put/Call Open Interest Ratio 0.80
3/21 expiry
Put Volume Total 8,533
Call Volume Total 19,062
Put/Call Volume Ratio 0.45
Put Open Interest Total 101,527
Call Open Interest Total 110,511
Put/Call Open Interest Ratio 0.92
4/17 expiry
Put Volume Total 4,053
Call Volume Total 5,625
Put/Call Volume Ratio 0.72
Put Open Interest Total 32,737
Call Open Interest Total 53,495
Put/Call Open Interest Ratio 0.61
COST options data:
2/21 expiry
Put Volume Total 4,458
Call Volume Total 5,217
Put/Call Volume Ratio 0.85
Put Open Interest Total 11,521
Call Open Interest Total 12,621
Put/Call Open Interest Ratio 0.91
3/21 expiry
Put Volume Total 3,210
Call Volume Total 3,064
Put/Call Volume Ratio 1.05
Put Open Interest Total 25,964
Call Open Interest Total 22,294
Put/Call Open Interest Ratio 1.16
4/17 expiry
Put Volume Total 592
Call Volume Total 1,388
Put/Call Volume Ratio 0.43
Put Open Interest Total 10,602
Call Open Interest Total 8,988
Put/Call Open Interest Ratio 1.18
META Technical Analysis and GEX Insights for Option TradingTechnical Analysis:
* Trend: The chart indicates META is forming an ascending wedge, signaling potential bullish continuation if the price breaks above the resistance at $720.
* Support and Resistance:
* Immediate resistance lies at $718.90, which aligns with the highest positive NETGEX level and CALL resistance.
* Support is observed at $704.87 and a stronger level near $690 (PUT support).
* Volume: Volume is moderate, suggesting a balanced interest in both sides of the market.
* Indicators:
* MACD: Shows bullish momentum, with the signal line crossing above the MACD line.
* Stochastic RSI: Near the mid-level, suggesting a potential upward move if momentum sustains.
GEX Insights:
* Call Wall: $720 represents significant resistance, with a 70.09% probability of holding strong due to heavy call options.
* Put Wall: Strong PUT support is seen at $690, indicating a robust bearish floor.
* Options Sentiment: With GEX showing 18.9% call bias and IVX at -1.41%, the market leans towards limited upward momentum.
Strategy Suggestion:
* Bullish Play:
* Entry: Above $718.90 (confirm breakout).
* Target: $730 (psychological level).
* Stop-Loss: Below $704.87.
* Bearish Play:
* Entry: Below $704.87.
* Target: $690.
* Stop-Loss: Above $720.
Price Action Note:
Market dynamics can change significantly after the open. Ensure you verify the real-time data and adjust entries accordingly.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
Meta: Breakout!META has successfully broken out of its previous consolidation, extending a powerful uptrend. This nearly “correction-free” rally has once again pushed the stock to new record highs, which aligns perfectly with our primary expectation of further gains during the larger green wave . However, given the extent of this advance, META remains vulnerable to pullbacks. Thus, we assign a 33% probability to an immediate transition into a wave alt. correction, which would be triggered by a drop below the $547.57 support.
$META Trendline Magnet – Trading Liquidity SweepsMonitoring this trendline as a key magnet for price action on $META. While I won’t adopt a bearish stance, I’ll be focusing on liquidity sweeps for optimal trade setups. Key demand zones marked—watching for potential reactions. Let’s see how price interacts! 🚀 #META #LiquiditySweeps #PriceAction
Speculative Madness: The Market’s Bubble Stocks Some stocks areSpeculative Madness: The Market’s Bubble Stocks
Some stocks aren't just overvalued—they're in full speculative bubble mode. Fundamentals? Irrelevant. When euphoria takes over, rationality disappears.
Here’s my list of bubble stocks that scream unsustainable pricing:
SBUX, T, PLTR, BMY, PYPL, NFLX, GS, ISRG, ARM, C, SHOP, BSX, SPOT, UBS, IBKR, RELX, CEG, CRWD, MSTR, MMM, DASH, COF...
And let’s not forget the obvious: TSLA, META, AMZN, AVGO, GOOGL, JPM, MA, V, WMT.
Honestly, the entire banking sector, brokers, and tech are in bubble territory.
What the hell is going on with this market? Why are algos just buying, buying, buying, squeezing all the shorts?! Unbelievable.
The dump will be insannnnnnnne!!! 🚨
META - Now this is just strangeThis is just my opinion here, but I think META will soon reverse course. Notwithstanding the analyst upgrades, right now to an average of 757.98, the way it accelerated on the upwards trend (~20%) over the past ~5 weeks just seems suspicious. Scratching the surface to see what the company is up to, there seem to be quite interesting developments. For example:
At Facebook they briefly tried to use AI generated fake accounts. Strange why would anyone think that would be good idea, considering the already many fake/bot profiles. I believe this was a move to combat the fact that the market share reached saturation, there aren't that many *real* people creating new accounts.
Even though Zuckerberg "bent the knee" at the US president's inauguration and settled the lawsuit for unfairly banning Trump back in 2021 for $22 M, I still think what Meta did is going to have repercussions. Even though the first amendment right of free speech "does not apply to private companies", it is still discrimination, and I bet some people will take advantage of Trump's win. As the precedent has been set, they could now be hit by other similar lawsuits from other people being banned quite subjectively, suppressing their right to free speech.
Thirdly, checking the uninformative insider transactions, the sell volumes are hard to believe. If price is expected to indeed reach $750, why would Zuckerberg sell, only in January 2025, $366 million worth of shares? (probably peanut money for Zuck, but still, more than a quarter billion is not really "money that jingles"). There were no insider buying since the 19th of November 2024, when the price was 550 per share.
Their metaverse was a costly bet which, at least for the next year or two, seems that will not pay off. I'm saying this solely on the fact the more than 83% of users are below 18 years old, therefore have very little buying power (also 51% of users are below 13 years of age). On the VR space they focused too much on the software, and their hardware is now clearly behind Sony/HTC Vive (and truth be told, the software is really not that impressive either).
Lastly, based on what has happened over the past few years, and how Meta quickly changes their tune, most likely they will receive increased scrutiny both in the US and abroad for their monopolistic behavior and content moderation policies.
All in all, Meta is currently still a tech giant, but I believe right now it's a risky investment. At the time of writing 700 was shortly surpassed again, nevertheless, I think a 600 is a more realistic bet for the next 4 months (end of april 2025). If it were to reach a more realistic valuation of around 420, that would be a buy price for me.
I'm not saying short it, I guess I *am* saying that it's probably not a good idea to buy more... I'm also saying to me it's a bit strange (and maybe I don't have all the pieces of the puzzle, so any comments/feedback would be appreciated). Either way, this is just my opinion on the stock, don't take this as financial advice, but more as entertainment.
All the best and Good Luck!
Alex
Meta's Q3 Financial Results | Growth and the Future of AI & AR Meta's Q3 Earnings: AI Investments Shape the Future of Engagement and Monetization
Last week, Meta shared its Q3 earnings, revealing a familiar trend: while the results were strong, rising AI investments cast a shadow. With over 3.2 billion daily users across Meta’s apps, the company alongside Google and YouTube is in a prime position to bring AI into the mainstream. However, this shift could potentially disrupt the creator economy as we know it
So, how will this affect the future of Meta’s apps?
Did you know META is 222% up since our first analysis ?
Let’s break down the quarter and explore the latest updates
Today’s Highlights
- Overview of Meta Q3 FY24
- Recent business highlights
- Key quotes from the earnings call
- The potential decline of the creator economy
1. Meta Q3 FY24 Overview
Meta operates within two main segments
FoA: Family of Apps (Facebook, Instagram, Messenger, and WhatsApp)
RL: Reality Labs (virtual reality hardware and software)
Daily Active People in FoA grew by 5% year over year, reaching 3.29 billion. However, user growth has slowed, with Meta adding 20 million daily users in Q3 2024 down from 50 million earlier in 2024.
Meta’s reach now extends to over half of the global population aged 15 to 80, meaning future growth will hinge more on engagement and ad efficiency than adding new users.
Key Insights from Zuckerberg:
-Facebook: Positive engagement trends among Gen Z in the U.S.
-Instagram: Sustains “strong” growth globally.
-WhatsApp: Now surpasses 2 billion calls daily.
-Meta AI: 500 million monthly active users.
-Threads: 275 million monthly active users, up from 200 million in Q2, with notable growth in regions like the U.S., Taiwan, and Japan (currently not monetized and unlikely to drive significant revenue by 2025).
Advertising Performance:
- Ad impressions grew 7% year-over-year (compared to 10% in Q2).
- Average ad price increased by 11% year-over-year (10% in Q2).
- Average revenue per user grew by 12% year-over-year, reaching $12.29 (compared to Snap at $3.10 and Reddit at $3.58).
- Despite some critics suggesting potential inflation due to bot activity, ARPU growth points to real ad value; fake users can’t generate revenue.
Financials
- Revenue rose 19% year-over-year to $40.6 billion.
- FoA saw a 19% increase, reaching $40.3 billion.
- RL grew by 29% to $0.3 billion.
- Gross margin was 82% (-1pp Y/Y, +1pp Q/Q).
- Operating margin stood at 43% (+2pp Y/Y, +5pp Q/Q).
- FoA operating profit was $21.8 billion (54% margin, +2pp Y/Y).
- RL reported an operating loss of $4.4 billion (down slightly from $4.5 billion in Q2).
- EPS rose by 37% year-over-year to $6.03.
Cash Flow
- Operating cash flow was $24.7 billion (61% margin, +1pp Y/Y).
- Free cash flow was $15.5 billion (38% margin, -2pp Y/Y).
Balance Sheet
- Cash and marketable securities totaled $71 billion
- Long-term debt was $29 billion
Guidance:
- Q4 FY24 revenue is forecasted at $46.5 billion in the mid-range
- FY24 expenses estimated at $96-$98 billion (previously $96-$99 billion)
- FY24 Capex is expected to be $38-40 billion (previously $37-$40 billion)
Summary Analysis
Revenue growth was 20% in constant currency (compared to 23% in Q2), with ad revenue growth driven by increased ad prices. Strong demand for ads continued, largely due to higher ad performance, especially in online commerce, healthcare, and entertainment. Geographically, North America and Europe led growth at 21%, while Asia slowed from 28% to 15%.
Reality Labs’ revenue rose 29%, mainly from hardware sales, though the division continues to post significant losses. As shown in the visuals, FoA operating profit reached an all-time high, while RL’s losses remain around $4 billion quarterly.
Headcount increased by 9% year-over-year to 72,404, signaling a return to hiring, particularly in priority areas such as monetization, infrastructure, Reality Labs, and generative AI.
Stock buybacks amounted to nearly $9 billion in Q3, up from $6 billion in Q2, though lower than the $15 billion in Q1. Management’s confidence in Meta’s stock remains strong, with an additional $1.3 billion paid in dividends.
Capital expenditures climbed by 36% to $9.2 billion compared to $8.5 billion in Q2, with guidance staying on track. Management anticipates “significant acceleration in infrastructure expenses” for 2025, which will affect both the cost of revenue and R&D expenses.
Despite heavy AI spending, Meta remains highly profitable, generating nearly $52 billion in free cash flow over the past 12 months—just shy of Alphabet’s $56 billion over the same period.
Q4 FY24 revenue guidance points to deceleration, with mid-range growth forecasted at 16%.
Let’s examine Meta’s investments and market position further.
2. Recent Business Highlights
Meta Orion
Meta's Orion AR glasses mark an ambitious step towards a future beyond smartphones, showcasing the potential of augmented reality (AR):
-Prototype Status: Orion is a high-tech AR prototype, equipped with advanced features, but high production costs keep it out of reach for consumers.
-Advanced AR Display: Using Micro LED projectors and silicon carbide lenses, Orion offers a broad field of view with sharper visuals than most current AR devices.
-Interactive AI Integration: With Meta's generative AI, Orion enables users to interact with virtual elements, identify real-world objects, and create immediate solutions, such as recipes.
-Complex Hardware: Orion relies on a neural wristband for control and a wireless compute puck, creating a multi-part system.
-High Cost & Limited Production: With a price tag estimated at $10,000, Orion isn’t ready for mass production. Meta has produced around 1,000 units for demonstrations and internal testing.
- Future Vision: Meta aims to release a consumer-friendly AR device within a few years, working toward a slimmer, more affordable model that could rival smartphone prices.
Orion reflects Meta's goal to lead the next wave of computing, though significant technological and cost hurdles remain.
Timing and Competitive Landscape**: Zuckerberg’s reveal of Orion may aim to justify Reality Labs' annual $16-20 billion operating loss to shareholders and gather feedback. Meanwhile, Apple has initiated its “Atlas” project to explore the smart glasses market, indicating potential plans to shift focus from the high-end $3,500 Vision Pro VR headset.
How AI Is Already Impacting Meta
Beyond future-oriented projects like Orion, Meta’s AI advancements are actively enhancing its core business in two strategic areas: engagement and monetization.
-Engagement: Meta's recommendation engine uses AI to tailor feeds with highly relevant video content, keeping users engaged. AI-driven prediction systems further increase app usage by showing content that maximizes interaction.
-Monetization: AI boosts ad efficiency across the entire lifecycle—from creation to performance tracking. Generative AI assists with ad copy, images, and video, while advanced models analyze user behavior to serve targeted ads, improving conversion rates incrementally.
-Meta AI Studio: This platform allows developers to create, train, and deploy custom AI models within Meta’s ecosystem. By enabling personalized assistants, interactive AI, and AR applications, Meta seeks to drive new consumer apps and maximize ad potential across its platforms.
Market Share
Meta’s advertising revenue hit $39.9 billion in Q3, reaching 81% of Google’s search revenue, up from 76% last year. Meta’s ad revenue is expanding at the same rate as Amazon’s, despite Meta’s larger base, signaling regained market share and effective adaptation to the post-ATT environment.
3. Key Quotes from the Earnings Call
CEO Mark Zuckerberg
- On AI and the Family of Apps: “Improvements to our AI-driven feed and video recommendations have led to an 8% increase in time spent on Facebook and a 6% increase on Instagram this year alone. More than a million advertisers used our GenAI tools to create over 15 million ads last month, and we estimate businesses using Image Generation are seeing a 7% conversion lift.”
-On Llama 4: “We're training the Llama 4 models on a cluster larger than 100,000 H100s, more extensive than anything reported elsewhere.”
-On RayBan Meta Glasses: “Glasses are the ideal AI form factor as they let your AI see, hear, and communicate with you. Demand remains strong, with the new clear edition selling out quickly.”
-On Meta AI: “We’re on track for Meta AI to become the world’s most used AI assistant by year-end, with popular uses including information gathering, task assistance, and content exploration.”
CFO Susan Li
-On Recommendations: “Inspired by scaling laws observed in large language models, we’ve developed new ranking architectures for Facebook video that enhance relevance and increase watch time”
-On Capital Allocation: “We’re optimistic about our opportunities and believe that investing now in infrastructure and talent will accelerate progress and returns.”
4. The Potential Decline of the Creator Economy
Facebook and Instagram have evolved from social networks to content networks, benefiting creators with wide-reaching platforms. However, this era may be coming to a close.
-AI-Generated Content: Zuckerberg shared plans to introduce AI-generated and AI-summarized content on Facebook, Instagram, and potentially Threads, gradually shifting away from creator-generated content as the primary engagement driver.
-Impact on Creators: As AI learns to identify and generate engaging content, creators could struggle to compete, with algorithms delivering exactly what audiences want. Over time, creators may face a landscape where AI determines the most engaging posts, relegating them to the sidelines in a world increasingly powered by self-generating content.
-Why It Matters: Platforms like YouTube share 55% of ad revenue with creators, but Meta does not, meaning that an AI-driven shift isn’t primarily about cost-cutting. Instead, it allows for more integrated ad placements within algorithmic feeds, potentially boosting impressions and conversions.
Although AI generated feeds may sound dystopian, current high engagement accounts already use tactics to maximize engagement, meaning the shift to AI might go largely unnoticed by audiences.
META: trend structure is approaching important resistance zoneMeta is approaching important resistance zone both in terms of macro (from 2022 lows) and mid-term (since Apr 2024 lows): 700-760 level.
Until price is bellow 760 level, my operative scenario is to prepare for at least mid-term topping action with following unfold of larger correction. Macro support levels for this potential correction are at 520-420.
From the long-term investing perspective it looks reasonable to consider hedging long-term holdings. From swing-trading perspective this resistance levels might present good risk-reward opportunity in coming weeks.
From macro-perspective, levels of 520-420 are important zone to watch for future supporting action if mid-term correction materializes.
Until price is holding above 420, macro uptrend since 2022 lows looks intact and assumes higher levels (at 1000-1300 macro resistance) in years to come.
As an alternative mid-term scenario, I might also consider price trying to reach higher resistance levels, around 800-810, before starting larger degree correction towards macro support zone.
If price moves beyond 810 level and will be able to sustain further advance afterwards, or in macro-perspective: fall below 420 level, suggested mid-term and macro structures needs to be revised.
Thank you for your attention and wishing the best to your investing and trading in 2025!
Change in Direction for META? Hello traders,
After reviewing the overall market and running some technicals on META, I think we're due for a bit of downside towards the midpoint in this parallel channel around 637.40.
But why?
Well, TikTok is back as we all know and that joke of a ban only added growth to the companies platform. That's the headline for this one. Next up, we have technical analysis.
On the 4H chart, RSI has topped off and MACD started to turn. Normally, the MACD being above the zero line would not be reason enough, but seeing the candles outside the Bollinger Band has made me think otherwise.
The Bollinger Bands have a set law that the price MUST come back into the zone. It has no set path, but it has to enter back into the zone, giving us a small range of price action, usually down or sideways, to enter back in the zone. (I have my BB set to 100day MA)
Let's see what happens in the next upcoming 2-3 weeks and also keep an eye on the premium cost for the options in relevance to what target price we have.
Thanks for reading.
META Buy SetupMETA Buy Setup
Our latest buy position on META targets 703.60, with a projected timeline until Feb 3, 2025. Price is holding near 686.72, and a boost from current levels could trigger a solid upward move.
Replay the entire trade on TradingView to see every entry and exit. Remember to apply proper risk management and monitor the chart closely.
#META #BuyEntry #TechnicalAnalysis #TradingStrategy
META - Technical Analysis and GEX InsightsTechnical Analysis:
* Price Action: META is consolidating between the key resistance at $716.17 and support at $676.49. A breakout above the resistance level could indicate further upside momentum, while a breakdown below $676.49 might signal a bearish shift.
* Trend Analysis: The stock has been maintaining an uptrend channel, supported by ascending trendlines. However, the current sideways movement suggests a pause in momentum.
* Indicators:
* MACD: Indicates a slight bearish crossover, signaling potential short-term weakness.
* Stochastic RSI: Currently oversold, hinting at a possible bounce or retracement in the near term.
* Volume: Diminished activity during consolidation phases reflects indecision among traders.
GEX and Options Analysis:
* Call Wall: Strong resistance at $700 (30.67%) and $716 (highest positive GEX and gamma wall).
* Put Wall: Key support levels are at $600 and $585, with $600 being the highest negative GEX/put support.
* IVR and IVx: IVR at 13.7 and IVx average at 33.9, indicating relatively low implied volatility compared to its historical range.
* Options Sentiment: Call positioning at 29.3%, with a bearish tone as puts dominate the sentiment.
Trading Plan:
1. Bullish Scenario:
* Entry: Above $716.20 with confirmation.
* Targets: $730, $740, and $750.
* Stop-Loss: Below $705.
2. Bearish Scenario:
* Entry: Below $676.
* Targets: $660, $645, and $630.
* Stop-Loss: Above $690.
Option Trade Suggestions:
1. Bullish Setup: Buy the $720 call expiring in 2-3 weeks if the price breaks $716 with strong volume.
2. Bearish Setup: Buy the $660 put expiring in 2-3 weeks if the price drops below $676.
Conclusion and Thoughts:
META is currently in a consolidation phase. Traders should watch for a breakout or breakdown from the current range to confirm the next trend direction. The GEX data suggests strong resistance at $700-$716, making it a critical level for bulls to overcome. Conversely, bears need to push the stock below $676 for further downside.
Disclaimer: This analysis is for educational purposes only and not financial advice. Prices and setups are based on the current chart and may change in the premarket. Adjustments are required for real-time data. For questions, please PM me.