META: Sell ideaSell idea on META as you see on the chart after the breakout with force the vwap and the support line by a big red candle with a large red volume.Thanks.
META trade ideas
META: This is how it will reach the All Time HighsMeta Platforms has gone undeniably bullish on the 1D technical outlook (RSI = 60.788, MACD = 1.430, ADX = 35.245) as the price overcame the last known barrier, the 4H MA50 which has switched to the new Support throughout the whole week.
The pattern that is standing out in the aftermath of this bullish breakout is an Inverse Head and Shoulders, which interestingly enough had a Double Bottom as its Head. Meta's usual rise structure since late last year has been Channel Down patterns, so it is likely to see another such taking it to the next High. The Inverse Head and Shoulder's structural target is the 2.0 Fibonacci level, and this is our target (TP = 378.00). Interestingly enough it falls a little under the 384.30 All Time High.
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META: Buy ideaBuy idea on META as you see on the chart after the breakout with force the vwap and the resistance line.Thanks.
META slowly reversal #meta slowly going up.
If #meta can hold above 304$, next target 308$/310$.
If below 304$ may back test 300$
I'm bullish #meta
Meta is here to stayI will top up on Meta, great numbers and a lot of FUD in the market. It's oversold at a PE ratio of just 12.
It may still be getting cheaper for as long as FED can raise interest rates.
All of the arguments against meta are inexperienced people looking at Meta stock price while looking at their new metaverse project information.
If they bothered to look at other companies, they would've seen that everything is going down. It's not because their value is dropping, it's because FED is making debt more expensive.
I am a marketing manager and I can guarantee that Meta is not going anywhere soon.
The strongest argument for Meta stagnation is the lack of new clients because they've reached over 3B people.
This is a terrible argument because inflation works the same in the Meta market and in the real world. Ads will cost more. Other services they provide will also cost more.
I have noticed SIGNIFICANT improvements in Meta algorithms. They are much better at suggesting relevant content, and marketing on Instagram is making radical turns.
Also, don't forget that Meta owns Facebook, Instagram and also WhatsApp. WhatsApp gives them a significant vector for monetization.
TikTok is NOT a Meta competitior. They are not even close. It's a Chinese manipulation and propaganda machine.
Meta Platforms stock chart with drawings and textAn overview of the correlations between Meta's stock price, macroeconomic events and other environmental factors.
Bullish on Meta short-term In the short term, we are bullish on Meta with a $318 PT. Price currently has a solid uptrend line, strong price action on Monday, MACD well above the zero line.
Meta platforms has gained around 151.52% on a year-to-date basisNASDAQ:META Meta platforms has gained around 151.52% on a year-to-date basis and
having jumped 12.09% after touching a low of $274.38 in mid-august.
Meta platforms ended the session up 3.25% to $307.56, with technical indicators suggesting recent gains may advanced toward key resistance level around $326.30.
META Entry, Volume, Target, StopEntry: with price above 318.68
Volume: with volume greater than 21.7M
Target: 348.11 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 318.69, 304.00 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
META IDEA TRENDWe have as Falling Wedge patterns
and Head and Shoulders. with what indicates a bearish trend to later take the bullish one. This agrees with the privacy complaint that Meta brings with it.
META Short TargetsAs in my previous posts I mentioned that AMEX:SPY , NASDAQ:QQQ and AMEX:IWM typically perform the worst in September. Tech stocks specifically have an average decline of 2.5% in September (as per 10 year average seasonality data on NASDAQ:QQQ ). A 25% drop is well below my $291 price target on NASDAQ:META , which has boasted a 110% YTD + return. I think it is due for a slight pull back in the month of September, especially as we enter a volatile period with FED decisions.
I have short targets on NASDAQ:META at $291 area (as per my chart).
Meta Platforms (META) -> Mega MegaphoneMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Meta.
You can see that since the beginning of 2017 Meta stock - also known as Facebook - has been trading in a quite nice and obvious reverse triangle or "megaphone" pattern.
Overall I do expect another retest of the upper resistance trendline roughly at $600 but we could certainly see some correction before the next impulse higher.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
BIG BANG in the MetaVerseFirst of all, if you just follow the solid black and dashed black trajectories you'll do fine. The solid black is general downside target, the dashed black is an attempt to map out potential path to target in waves.
Goal target is 153 by March 2024 . Target range = 140-170 by May 2024 latest, but as early as Jan 2024.
Initial target is 201 by end of 2023, likely around next earnings in November. Initial target range is 200-230 by as early as end of September 2023.
Levels to breakdown in order for this to play out:
306 - most important level, this is the breakdown level .. with a bounce at 306, Zuck could see one more leg up to 336
278-295 - this is where I'm expecting waves 1 and 2, resp. on the leg down toward target
257
Get ready for some explosive selling due to the nature of this chart setup. We are at the top of the B-wave and beginning a C wave that could even extend to a new low or a double bottom.
To invalidate this, META would need to reach 391, that is pretty far above current price, so stop loss is sustained break above 336.
Nice shortThe price was rejected from the resistance zone. It can try another push towards the downtrend line. I opened a small position (small position because big techs love to come back very strong), SL above 300, TP 250 approx. If it plays out it should fall very fast. Take 80% of the profit at 260, you never know with this high cap stocks.
Meta’s Tight ConsolidationMeta Platforms pulled back along with other growth stocks in August. But now some traders may look for its uptrend to continue.
The first pattern on today’s chart is the 50-day simple moving average (SMA). The recent dip was META’s first pullback to this line all year.
Next is the series of higher lows since August 25. Prices have simultaneously pushed against the $299 area where they got rejected on August 24. That combination of higher lows and upside resistance could be viewed as an ascending triangle -- a potentially bullish continuation pattern.
Third, Bollinger Bandwidth has contracted to its tightest range since late May. Does that open the door to potential price expansion?
Finally, MACD recently turned upward.
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Resistance OverheadPrice was in a channel up and price fell below the channel's bottom line.
That bottom line is now resistance.
No rising wedges noted.
Price is cupping but is not close to EL of 384.45.
Price travels in a channel until it breaks the top or bottom line,
No recommendation.
Meta: On a detour ➡️Meta’s price is moving as if it had already completed the correction. In our expectation, however, it is only a slight detour, a substructure of the green wave (2). For the low of the green wave (2), there is still some way to go on the downside. We expect a move down to the green target zone between $209.15 and $140.02
A brief Analysis of meta Facebook stockLooking at the stock post Earnings date, what things become Immediately clear? do you See an Uptrend? Is momentum Gaining or declining? How is the Company's approach to AI working? Are there any observations that you can make by looking at this chart?
Does META have further upside ?
META is slightly above the 8EMA ($294.11) on Daily and weekly basis but below the 10WMA ($298.36) .If Price clears and stays above $299 the stock will head to max resistance target of $309-$316.
Likely Targets above $316 are $317,$321,$343,$352 and $382
On Monthly basis the stock is moving parabolic for last 8 months and suggests limited upside until price closes above $316.
On the downside if the price closes below $290 , Likely Target is $272.
Overall indecisive until price clears $299 or $290.
Note September is volatile month so caution is warranted with sizing and stop loss.
Meta's stocks are now in high triangle consolidation Meta's stocks are now in high triangle consolidation
This figure shows the weekly candle chart of Meta Company's stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, since the end of October 2022, Meta Company's stock has shown almost no significant pullback or surge. Recently, it has been suppressed by the 0.618 position of the top to bottom golden section in the figure, and has now closed for three consecutive weeks below the 1.000 position of the top to bottom golden section in the figure! And Meta's stocks are now in the early stages of relatively high triangle consolidation! So, for a period of time in the future, just use the top to bottom golden section's 0.618 to 1.382 positions in the chart as the long short split range operation. Sell high and buy low within the range, and chase up or down outside the range!
MetaDouble bottom here.. Made the handle today with the pullback on low volume.. the next
Long over 298, 1st target 310.
If it can break over that 322 gap close..
Long only over 298.50 , stop loss 295
My Fib levels are from ATH an 20$ IPO low so 297 or .236 is tough
Cup & Handle/Weekly Price is Not to long entry level.
This is a weekly chart as the cup is easier to see. It is a large cup.
Resistance overhead.
Cup targets are calculated using the depth of the cup.
No recommendation.
META: Make or Break at TrendlineIf META can continue the upside movement and close above 301.76 in the next coming days that would break the downward trend and be bullish. However if META does not close above 301.76 in the 4hr chart, downward trend still in play and price target around 275
