Meta stock for Short in Strong Up Trend.meta stock is currently in strong up trend but in shorter duration is will likely to consolidate and show down trend towards 520-510 . weekly duration we can see little downside in meta stock.
META trade ideas
ADBE 9-EMA Dip BuyIn this video I go over the Adobe Stock coming back to the 9 Emma moving average. I'm looking for the price to come back a little bit and close just below or on the 9 EMA and then as soon as Thursday or Friday happens, I want to see the price go back above the 9 EMA and then buy to enter the position long. Adobe is considering a mega cap, and the mega caps are getting all the attention right now so make sure that if you play any large caps or mid-caps that you have a lot of conviction. Please realize that the money has not been flowing into large or mid cap stocks for quite some time so that's why I am focusing on the Mega CAPS.
Meta Platforms - Flying under the radar...NASDAQ:META just rallied +500% without any correction and might create a top formation soon.
Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is quite likely that we will see a short term retracement. But the overall trend is still clearly towards the upside!
Levels to watch: $530
Keep your long term vision,
Philip - BasicTrading
Potential correction on METADisclaimer: This is not financial advice. Trade at your own risk.
NASDAQ:META gapped down overnight creating a large volume imbalance in price. Without delving into fundamentals, NASDAQ:META looks like it will soon be at demand. Seeking price at a discount comes with the risk of buying before bottoming out.
It also seems like a lot of traders are fearful right now about NASDAQ:META .
Looks like a lot of potential for accumulation over the next weeks/months by larger players looking for discounted price. This could mean a lot of chop and potential to fill the gap (reaching even lower) as well as returning to the highs of the volume imbalance.
META: ReevaluatedMETA is showing downward momentum on the weekly chart and staying within its ascending channel. If META falls through $527 support, PT1 is $515, PT2 $506
META Pullback for a Long?In this video I go over the pullback in META that we had today, the opportunity to buy for a long position, where to set your stop loss, and where to take some profit. I also go over the breadth of the market and the capitalization slices. Finally, I go over the CME fed watch tool and explain what that means and why it's important to potential increasing market breadth.
508 is the way forwardWith indicators still maxed out and doing well with the market sentiment and price action on all major indices, this has worked well, but as an individual stock, it may need to correct itself before continuing to make new highs.
Could this be the #1 Stock Of July 2024?If you check my profile META is one of my top recommendations since I started posting here
on Tradingview, which is a great platform for technical analysis studies.
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Meta is surging upwards on a very good possibility of it going up again
The problem is when buying such a stock is the fear of missing out on a trade,
Also, imagine I tell you about the rocket booster strategy
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The strategy I used to find this stock but you are not sure whether it will work or not
But when you use the rocket booster strategy its very simple to see why this is a good buy
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The rocket booster strategy has 3 major steps:
Step 1 is called the 50 Moving average
Step 2 is called the 200 Moving average
Step 3 is called the Parabolic move
If you rocket boost this post I will do a follow-up video explaining this strategy to you
so that you better understand how i found this stock as a good buy.
Rocket boost this content to learn more.
Disclaimer: Trading is risky please learn risk management and profit-taking strategies.
META - Increased Probability of AppreciationMETA has the support of Fiboclouds for appreciation within the H4, Daily, and Weekly timeframes, being sufficient to reach the first target and attempt the second, provided the stop loss is properly repositioned at the time of the first partial realization.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.
This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.
Follow us to receive notifications of new trades as well as frequent updates on ongoing trades.
Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach a larger number of people! Thank you!
the idea that it has potential growth can have a lasting effectWith every indicator and level booming right now, it may not be long before we see some reset on the RSI and stochastic. Both sit at 70, but MACD is curling up to provide some sort of continuation, but the Bollinger bands are stretched out very thin; I wouldn't be surprised if it is low 500 before a continuation, but something has to happen to cool down the temperature
Potential Path of METAIn the chart NASDAQ:META
Pattern : Rising wedge
Up trend.
The potential path of META has shown.
META potential Buy setupReasons for bullish bias:
- Price broke ATH
- Price giving resistance breakout
- Breakout of point B in AB=CD harmonic pattern
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 537.48
Stop Loss Level: 446.00
Take Profit Level 1: 628.96
Take Profit Level 2: 666.86
Take Profit Level 3: Open
META Platform Meta witnessed a strong rebound in Friday's session, violating that major peak and the all-time high at 531.49$. then, the confirmation of this breakout by remaining above 531.49$, will confirm the major uptrend, which will push META to test higher levels near 553 - 567 - 580 - 603.80 - 650$ in the short term.
The stop-loss lies below 512$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
META: Entering into blue sky zone with powerful buyers !What a chart to have complete study on gaps.
1. Pro gap: 12% gap up with strong candle with volumes. See the chart on 2nd Feb when Buyers are completely in control and after that the price continued to go up further 17% from there.
2. Profit booking: There was a decent correction of 10% until we that big gap down.
3. Gap filled: 15% gap down on April 25 where sellers tried to show their presence and threatened the buyers that created the gap on 2nd Feb.
Now watching carefully, the gap was nearly filled but then came the buying with another big green candle and with huge volumes.
4. Rally and fresh breakout: Now we see the new breakout on chart with buyers in control.
However, given the straight rally the risk reward could be little unfavourable. But it still looks like a great chart to read.
Can Meta's Threads Challenge the Social Media Giants?Meta's Threads, the text-based social media app launched with much fanfare a year ago, has reached 175 million monthly active users (MAUs). This milestone signifies a strong first year, but questions remain about whether Threads can truly challenge the social media titan, X.
There's no denying Threads' impressive growth. Reaching 175 million MAUs within a year is a commendable feat. Mark Zuckerberg celebrated the achievement, highlighting India's role as a key driver of user engagement. The initial surge was phenomenal, with Threads reaching 100 million users just five days after launch. Growth has since stabilized, but the upward trend continues.
However, comparing Threads to X is a different story. X boasts billions of users globally, dwarfing Threads' current reach. While 175 million is a respectable number, it's a fraction of X's user base. Furthermore, X has a well-established ecosystem of features, influencers, and deeply ingrained user habits. Despite its initial success, Threads needs to carve out its own niche and establish itself as more than just a "Twitter-like" offering from Meta.
Several factors could influence Threads' future trajectory.
• Feature Development: One crucial aspect is continuous development of compelling features. Threads' current offerings include text posts (up to 500 characters), photo and video sharing, and close friend groups. Adding features that cater to specific user needs and foster deeper engagement will be vital.
• Monetization Strategy: Monetization is another key consideration. While Meta hasn't revealed concrete plans yet, a well-crafted strategy that doesn't intrude on user experience is essential. Subscription models or targeted advertising with clear user opt-in options could be potential avenues.
• Competition: The social media landscape is fiercely competitive. Threads faces competition not only from X but also from established players like Snapchat and emerging platforms. Differentiation and a clear value proposition will be crucial for attracting and retaining users.
• Integration with Existing Platforms: Leveraging the vast user base of Instagram, which is owned by Meta, could be beneficial. Cross-promotion and strategic integration, without forced migration, could introduce Threads to a wider audience.
The current neutral outlook on META stock reflects the wait-and-see approach from investors. While Threads' initial growth is promising, it hasn't yet translated into significant revenue streams or user base expansion that would dramatically impact Meta's overall performance.
In conclusion, Threads has had a promising first year. Its ability to challenge X, however, remains to be seen. Continuous innovation, a well-defined monetization strategy, and strategic differentiation will be key factors in determining its long-term success. Whether Threads becomes a true competitor or remains a niche offering within the Meta ecosystem will depend on its ability to navigate the competitive landscape and carve out its own space in the ever-evolving social media world.
META PlatformsMETA witnessed a rebound after forming a new higher low at 492.39, to violate the last peak at 514 by today's session, and the confirmation of this breakout by remaining above 514, will confirm the current uptrend, which will trigger further rises near 523.60 - 531.50 - 535.65 - 541.50 - 549 on the short term.
The stop-loss lies below 492.39.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
Is META going to start Sideways Trend?In the chart - NASDAQ:META
Trend Analysis:
Weak up trend. It may break out the trend line and start short term sideways trend.
At the end of the sideways trend, A breakout may be occurred.
Pattern:
Rising channel. It may break out the channel.
Support/ Resistance:
It will be difficult for price to break out the resistance - 513.78
So it may follow trading range.
During trading range,
513.78 - may act as resistance.
493.12 - may act as support.
Buy Set-Up for Meta Platforms Inc. (META)Moving Averages:
The stock is trading above its 50-day moving average, indicating a bullish trend.
Volume:
Steady volume supporting the upward movement, suggesting strong buying interest.
Trend:
The chart shows a clear upward trend with higher highs and higher lows, indicating a strong bullish sentiment.
Recent Breakout:
Meta has broken above previous resistance levels and is maintaining its position above $500, which now acts as a psychological support level.
Fundamental Analysis
Strong Financial Performance:
Meta reported revenues of $36.46 billion for Q1 2024, a 27.3% increase year-over-year, and net income of $12.37 billion (Investor Relations - Facebook).
Growth in AI and Metaverse:
Significant investments in AI and metaverse technologies, positioning Meta at the forefront of digital innovation (Investor Relations - Facebook) (Stock Analysis).
Analyst Confidence:
Strong buy ratings from the majority of analysts with an average price target of $511.27, reflecting positive sentiment towards Meta’s growth prospects (MarketBeat) (Stock Analysis).
Dividend Yield:
Meta offers a sustainable annual dividend of $2.00 per share, yielding 0.40%, indicating financial stability and shareholder value (MarketBeat).
META continuationMETA starting to consolidate and contract just below all time highs. We are also receiving a blue continuation signal on it.
META - End of bull run?Meta is showing signs of exhaustion in its uptrend move. In my primary wave count, I´m considering that we will make a new all-time high for blue and black wave 5.
We also have an open gap at 406.36, which could be a target for a correction.
But let´s take it one step at a time... first step is to wait for the higher high and see if there is selling pressure.
facebook - META Idea I
12M: Bullish Engulfing
→ Grey zone 453 – 509
→ 537, 553, 465 above , 390 below
3M: Could not break above high of prev. candle. But closes bullish
→ range of last quarter becomes important
→ grey area provides a possible reversal/ continuation zone.
→ Stochastic is turning down
Monthly: closing in bearish territory → bullish
→ could not close above highs
→ stochastic turning up = bullish setup above 509, bearish below
3D: Possible Double Top forming
→ could be an early sign of bears once validated. Bulls should show up soon
→ likelyhood of bullish progression is higher because of stochastic turning up
Quick dump : But ready to take offAs soon it takes a quick dump this is ready for a big pull back towards 550 in
After Earnings Pop past new high onlyMeta bullish optimism won’t be strong enough to surpass resistance. AI news will make it pop past it on earnings though.
