BUY IDEA METASeen liquidity sweep lows and change direction on the 4hr. Price is currently sitting a buy zone I highlighted
META trade ideas
levels to manage $META into its earningHere's a quick summary of the latest news about Meta this week:
1. **Llama 3 400B Release**: Meta is set to release the Llama 3 400B AI model next week. This model is expected to outperform competitors like Google's Gemma and Anthropic's Claude Sonnet¹.
2. **Stock Performance**: Meta Platforms' stock hit a 52-week high of $542.81 on July 8th, closing at $529.32. This marks a significant year-to-date increase of 49.5%².
3. **Mass Layoffs**: Meta is reportedly planning mass layoffs, which will impact thousands of employees. This would be the largest round of layoffs in the company's history⁶.
Is there a specific aspect of Meta's news you'd like to dive deeper into?
Source: Conversation with Copilot, 7/18/2024
(1) Meta to drop Llama 3 400b next week — here’s why you should care. www.msn.com
(2) Meta Platforms Hits 52-Week High: What's Next for META Investors?. markets.businessinsider.com
(3) Meta is reportedly announcing mass layoffs this week. mashable.com
(4) Apple, Microsoft, Meta, Google Stocks Hit 52-Week Highs: Which Is The Best Investment?. markets.businessinsider.com
(5) Meta Platforms, Inc. (META) Latest Stock News & Headlines - Yahoo Finance. finance.yahoo.com
(6) Latest Meta Company News | Meta - About Facebook. about.fb.com
Meta Platforms Unpacking Growth Potential Amidst Market HeadwindMeta Platforms presents a compelling case study for investors navigating a dynamic market environment. While robust analyst expectations for earnings growth paint a promising picture, recent stock price performance has lagged behind broader market trends.
The key factors influencing Meta's trajectory, include:
Market Underperformance: Meta's stock has exhibited relative weakness compared to the S&P 500 and the technology sector.
Encouraging Earnings Forecasts: Analysts anticipate significant year-over-year growth in both EPS and revenue.
Strategic Growth Initiatives: Meta's substantial investments in artificial intelligence (AI) and virtual reality (VR) technologies position the company for future expansion.
Regulatory Landscape: The company faces potential headwinds from regulatory hurdles in Brazil and the possibility of stricter antitrust enforcement.
Politically Charged Environment: The reinstatement of former President Trump's social media accounts adds a layer of complexity to Meta's public relations strategy.
Financial Strength: Meta boasts a robust balance sheet with a high gross profit margin, demonstrating a strong financial foundation.
Undervaluation Potential: Meta's current P/E and PEG ratios suggest potential undervaluation relative to its projected earnings growth.
Key Discussion Points
Will Meta's upcoming earnings report on July 31st meet or exceed analyst expectations?
How will regulatory developments in Brazil and potential antitrust actions affect Meta's operations?
Can Meta successfully translate its AI and VR investments into tangible revenue streams?
To what extent will the evolving political climate impact Meta's user base and advertising revenue?
Based on Meta's financial health and growth prospects, does the current stock price represent an attractive entry point?
OverstrechedMeta is strong - to strong. It has been rising for 2 years without a major correction.
There was a correction of this year's rise at least and now we are trying to retest this year's high again. I expect this test to fail despite there is still some momentum.
The correction is required to get the market clean of the "weak hands" which hamper the finding of a fair value of the stock.
This correction may be long sideward movement. But with a change of the overall market sentiment a certain Fibonacci retracement may be expected.
Meanwhile the April decline has been retracedit may be the right time of another fall to begin.
Short opportunity on $METAMinimal risk on short NASDAQ:META . Buy stop should be around $500 (~4%) from current price. Earnings are in 2 weeks so I intend to close the position before earnings regardless of profit or loss.
480 is here might even see 470s but nothing moreIndicators are resetting, and this thing is strengthening again to begin another significant move into 500, and this time make even a newer high. There is plenty of room to run on Bollinger and the surrounding markets.
META Market long Monday's open !!!As suggested on our META last analysis, price indeed retraced to our ideal entry level.
Macro remains bullish!
What to expect on Monday's open?
If you haven’t jumped in already, we’d recommend to market buy on Monday’s open.
Entry: $500 - $495
Stop loss $490
First take profit $544
META Double Top?META has been one of the strongest stocks in the market since it bottomed in 2022. It was one of the most impressive rallies I have ever seen, but it has slowed since topping out earlier in the year. Still very strong, but not not quite the same as it has been over the last couple of years or so in my opinion.
META broke above an ascending wedge and held nicely on a retest, sending it back near ATH. However, it is has had some bearish breaks and on Friday it rejected perfectly on a retest of a previous uptrend it had broken below. This is setting up for a potential double top at ATH, marking a major top for META that could last for months or years to come.
I'll be watching to see if it can hold the trendline from the ascending wedge on a retest or if it falls below. If it falls below, it could accelerate quickly. My first target would be the ATH from 2021 around $386. It could get even worse from there, but I think we should wait until that happens and expect it to bounce there until it doesn't. If no downside break, I'd expect more upside if it can break above ATH and remain above.
A very clear sell signal in META. Can fall 25-40% in 3-6 months.The share has increased fivefold in the past two years, but now the technical picture for the share signals that a major downward correction (25-40%) may come for the share in the next 3-6 months.
Technical Analysis of Meta Platforms Inc. (ticker on Nasdaq: META)
In the last week now in the weekly chart, the meta share has triggered a technical sell signal from a marked Bearish Engulfing in the Candlestick weekly chart.
There has also been a break down through the lower trend line some time ago in the steeply rising trend that started in autumn 2022.
The share has increased fivefold in just under two years, and now the peak may have been reached, at least for a while and as the technical picture now signals for the share.
Various momentum indicators such as MACD, Stochastics and RSI (on a weekly basis) all signal that the share is now probably facing a major downward correction in the next 3-6 months.
First important technical support level will be around USD 380.00 and then next important technical support level is around USD 300.00.
The stock ended Friday at around USD 499.00.
It could thus be headed for a major and strong downward correction for the Meta share during the next 3-6 months, and then preferably down to between USD 300.00 - 380.00.
Such bearish engulfing sales signals, and as we see here and in the weekly chart, which now for the Meta share give a fairly clear signal that a major correction is on the way.
So no one should be very surprised if the META-stock undergoes a sharp correction from today's USD 499.00 down to around USD 300.00 - 380.00 in the next 3-6 months.
It could therefore move towards a correction of between 25-40% in the next 3-6 months.
Please don't shoot the messenger.
This is just what the weekly charts now say about what we can expect from price development for the META share over the next 3-6 months.
META breakout retestNASDAQ:META breakout retest, coinciding with the daily upper Bollinger Band, may provide a good entry long.
Meta PlatformPrice is at strong support as per the daily chart and also in lower time frame. Movement will be good if price gains volume strength. 500 zone is the trend deciding zone,
Buy above 502 with the stop loss of 498 for the targets 506, 510, 514 and 518.
Sell below 494 with the stop loss of 498 for the targets 490, 486, 482 and 478.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Meta PlatformsDaily chart with ichimoku.
Price under the tankan and under the kinjun.
We are above the cloud. Be careful, the cloud is thin and prices could pass through it easily.
The SMA 200 is under the cloud, so no worries.
MACD increasing, but above the 0 line.
The RSI is slightly below 50.
To conclude, the trend is bullish, we must monitor the break of my red line, which could announce a corrective movement.
Happy trading to you.
Meta _ Platforms, Inc _ Trading _ Quarter _ 3 _ Distribution _ PMeta _ Platforms, Inc _ Trading _ Quarter _ 3 _ Distribution _ Prices.
Most of previous prices achieved now we can tidy up all the lower data and get to the next distribution prices.
There is no if and when when data are moving correctly! We will be expecting all the prices!
Accumulation Stage distribution prices:
Lower Distribution:
Retest must hold within the key level of $508.77
__________________________________________
1st Distribution:
$511.32
$520.71
$528.22
______________
2nd Distribution:
$534.15
$536.34
$539.35
___________________
Advance Stage : 1st Distribution:
$552.68
$557.70
$560.27
$564.48
META: Hourly / Daily Charts Analysis.The META chart illustrates a dynamic interplay between bullish and bearish signals across both the daily (1D) and hourly (1H) timeframes.
On the daily chart, META has been in an upward trend since early May, as evidenced by the rising trend line and consistent support from the 21-day EMA, currently at $512.02. The price recently experienced a pullback after a robust rally, with the latest candlesticks showing signs of consolidation above the trend line. This pullback is typical in strong uptrends and often presents buying opportunities if the price finds support and resumes its upward trajectory. However, a close below the trend line and the 21-day EMA could indicate a potential trend reversal or a deeper correction.
The hourly chart reveals a more immediate bearish development. META recently triggered a bearish pivot point at $526.66, indicating a potential short-term reversal. This pivot point was followed by a decline, suggesting that sellers have gained temporary control. Additionally, the formation of a descending trend line on the hourly chart reinforces the bearish outlook in the short term. The price is currently trading below the 21-hour EMA, adding to the bearish sentiment.
This scenario reinforces the thesis of a pullback, and the 21-day EMA, along with the trend line are its next technical support levels. However, this doesn’t bring a mid-term reversal yet, as we would need to miss these support levels to actually reject the bullish bias.
In conclusion, while the daily chart of META shows an overall bullish trend supported by a rising trend line and the 21-day EMA, the hourly chart indicates a short-term bearish pivot point and a descending trend line. For a bullish continuation, the price needs to hold above the daily trend line and 21-day EMA, potentially offering a buying opportunity on a bounce.
Conversely, a break below these levels on the daily chart, coupled with the bearish signals on the hourly chart, could indicate further downside pressure. Monitoring these key levels and signals will be crucial for determining the next move for META, and when will be its next buying opportunity.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
$META: Massive trend continuation signalAll timeframes are bullish again, this can go steadily higher for 2 months in a row.
Best of luck!
Cheers,
Ivan Labrie.
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.
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.
