META - Bullish Trend on H1META showing strong bullish trend while making series of Higher High and higher Low.
META trade ideas
Meta PlatformsNASDAQ:META has had a great Q1 2023 performance, among the top 10 best performing stocks in the US. NASDAQ:META is now at a potential overhead resistance level, hopefully there are enough buyers, and reasons to buy, to push the share price further up. As with many other US companies, there are job cuts and other cost containment measure in the Zuckerberg world.
We remain bullish until the market proves otherwise.
Metaverse possible Short and Buy later ?-Metaverse stock is on the overbought side looking at the weekly chart we can see there is potential for a dip when nearing the 200 weekly moving average
-On the other hand there is a dip buy opportunity when nearing 50 on the RSI
these are just ideas i share when im hunting
what do you think ?
How High Can Meta Fly?Meta Platforms has been flying as Mark Zuckerberg focuses on profitability and buybacks. So how high can the Nasdaq-100’s No. 2 performer this year go before profit takers step in?
Today’s chart uses 2-day candles to highlight some potentially important levels.
The first price zone is about $5.50 on either side of $242. The top of that area is near a bearish price gap on February 3, 2022, after a poor earnings report. The bottom of the zone matches the April 2022, which was followed by a drop of more than 60 percent. (The 2021 low of $244.61 is also in the middle of this price area.)
The second consideration is the 50 percent retracement of the drop from META’s all-time high through last November’s low. That’s located at $236.21.
Either way, these approaches may suggest another 10-15 percent of space to the upside.
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Meta Priced in Bitcoin#Meta halted a 10 year decline versus #Bitcoin.
Now trying to breakout.
distance from 2 year moving average now positive.
$META about to get demolishedShort $META, $200p for April 21st expiration. Bearish divergence and overextension cluster on the daily timeframe. Major rally from the bear market lows, and reversal coming soon.
META - NASDAQMETA formed AB = CD harmonic reversal pattern with C point Retracement at 0.701 and BC Projection at 1.423 with a clean Bearish Divergence at the Potential Reversal Zone. Waiting for Lower Highs and Lower Lows movement to generate trade entry and exit signal.
Meta Stock Analysis.Meta Stock Analysis, Market Just Broke the resistance and go back to test the market.
Not A Fininacial Advisor DYOR it's just an analysis, not a purchasing advice.
FB short term bearish long term full bull to 2023FB is copying a pattern it did during the 2020 pandemic. This aligns with my theory of ATH being in march of 2023.
meta and bitcoinBoth #Meta and #Bitcoin destinies are linked
Both dropped
76% for Meta, 77% for Bitcoin
Both rallied
132% for Meta, 82% for Bitcoin
Same speculative capital flows are carving out their price charts
Swing Levels : METAAfter the breakout of the T-Box, the current bullish wave is testing now the .0382 fib level of the last downtrend.
To have a real structure and keep moving higher, the price needs to pullback below the ema 250h.
Next critical bullish level at $213
META , TF D1 LONG TP = 236.76On the daily chart, the trend started on November 7. Now it is close to completion.
But we are very likely to make a profit if we buy the asset now.
Take profit is 236.76 . But do not forget about SL = 86.44
Good luck!
Regards, WeBelieveInTrading
META Soars 100% In Less Than 4 Months! What’s Next?Meta Platforms, Inc (META) formerly known as Facebook, is the world’s largest social media platform with a portfolio of apps including Instagram and WhatsApp. It measures its user base in daily and monthly active users, with advertising being its main source of revenue. The company faces competition from Google, Twitter, Amazon, and Snapchat-parent Snap, as well as Apple, YouTube, Bytedance, and Tencent. Meta recently changed its name to reflect its focus on the metaverse. NASDAQ:META is listed on NASDAQ and is a component of NASDAQ 100 and S&P 500.
Spot The Wyckoff Change Of Character From The Selling Climax
META started 2022 with a gap down on 3 Feb. The Wyckoff distribution phase was prolonged and continued for several months until late October. The earning results on 27 Oct triggered another gap down and took the price to around $88. However, this down move was accompanied by a big spike in volume in comparison to previous down swings. This capitulation was considered as stopping volume and was confirmed by the higher low test with decreasing volume.
The price confirmed the $88 level is Wyckoff selling climax (SC) as it rallied to $119 in mid Nov. This rally has the characteristics of a Wyckoff change of character (CHoC) where the down trend was shifted to a trading range. The price tested the $119 resistance on several occasions with relatively low volume compared to late October 2022. This was the sign of supply exhaustion and a rally could be expected.
Subsequently, META started 2023 with a successful breakout from the $119 resistance and a Wyckoff sign of strength (SOS) rally. The rally was steady but reassuringly after successfully breaking out of the trading range. Then the earning results on 2 Feb provided the much needed catalyst for the price to gap up with strong momentum. Nevertheless, the price quickly pulled back from the $197 resistance to form a Wycoff back up (BU) range. The pull back was shallow, about half of the price gap on 2 Feb. Furthermore, there was no threatening volume to suggest the presence of supply. The price also confirmed the bullish momentum with another rally up that successfully stayed above the $197 axis.
META Directional Bias Via Wyckoff Method
Bullish. According to the Wyckoff method, META just broke out of BU range between $168 and $197. The shallow retest of $197 on 20 Mar would have been a great entry signal for a long position with the swing low of $187 as stop loss. The price might retest the $197 axis again before challenging the next immediate resistance at $245 and $322 to close the gap of Feb 2022.
If the price breaks below $187, it will likely retest the support at $169 with a prolonged consolidation.
META - POSSIBLE REVERSAL FROM THIS ZONEMETA has had a good uptrend since Nov 2022 but I am not expecting it can keep it up any longer. I expect a downtrend from 215 ish. Lets see what happens!
Meta - Good Opportunity For New All Time Highs!Equal measured move into 100 psychological level with previous support. Since then we have seen the start of an uptrend.
Trade Idea - Meta at a pivotal areaMETA has been doing the heavy lifting for the communication sector.
One of the reasons communication sector is the best performing sector year to date is simply because of Metas outperformance.
Once the key moving average intersects it likey will result in a downtrend. Meta bulls have more work to do to stop this.
$META Weekly Breakout$META looks nice here. Weekly breakout above $200, with a nice gap to fill. I would like to see more volume to confirm the move but not much selling going on. Clean and simple base. Be patient and alert, things can change on a dime. If you recognize these changes and act accordingly, you will be ok.
META - UP & Down ( check the breakouts ) Meta has had a decent uptrend. NASDAQ:META
- May break to next level (OR) breakdown
next level up 235 / it tread continues
down Level 170 / if breaks down.
Happy Trading !
Meta is going to tank SHORTThis company is a dumpster fire.
Shadowbans to force people to use add revenue to promote.
Mark zuckerburg is a loser.
Here are the targets for this company that has no true intrinsic value.
183
162
148
134
113
0
META W1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
Looking back on the FAANG trade and how far it's crashedWith all the recent bearishness in markets, the crash of regional banks, the carnage in Treasuries, I had a thought: what ever happened to FAANG?
My initial impulse was that FAANG, like many other stocks, would be hit especially hard.
The poster child of the epic bull run we saw several years ago - the modern tech run - the hype that caught the world's attention.
To my surprise, as you'll see in the chart above, the trend over the long-term is still ridiculously strong. Pay close attention to how these stocks performed since 2013. In addition, they are all larger today, by many multiples, with piles of cash on the balance sheet.
I don't have a say on where this basket of stocks will go next, but I walk away wondering just how worried the market really is about a prolonged bear market. I would have expected this basket to be down even more than it is now.
Yes, it has retraced to multi-year lows, trading at levels from 2019 and 2020, but considering the carnage in markets, this is actually holding up decently.
What's my trade?
I drew some levels. I'll wait for it to come back to previous support. But if it breaks, I'm out for good and the bear market could have a long way to go.
This is high up on my watchlist for market sentiment.
