META: Channel Up will attempt to close the February 2022 Gap.META maintains the aggressive four month Channel Up on an overbought 1D timeframe (RSI = 73.991, MACD = 9.890, ADX = 37.410) that shows no signs of easing before the next Resistance and that is located at 328.00, which was the High of February 2nd 2022. After that the stock price plunged to 245 following the loss of investor confidence. It would appear that the rally won't stop until it closes at least that Gap. As a result we go on a short term buy, targeting the Resistance (TP = 328.00).
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META trade ideas
"Never bet against Zuck" $META topping out hereThere are many people that think that NASDAQ:META will keep rallying here to new highs. I'm not one of them.
Lately I've been seeing people post "Never bet against Zuck." That tells me all I need to know about sentiment here at the highs.
Like many other assets, I think META has rallied due to a technical bear market bounce and is now losing steam.
We've either already put in a top here at resistance, or there is one more move slightly higher to $307.54 that will pull in the last of the holdouts that haven't invested yet before dumping on them.
I don't care about narratives, whether it's AI, threads, VR or whatever fundamental reason you can give a company for "needing to go up."
The reality is, it's all about market structure and what price action says. And to me, we're nearing a top that will take price back to below the previous low we hit last year.
Let's see how it plays out over the coming year.
Meta Will Perform!Hi mates, sharing weekly chart of meta so as we can see price is trading in a rising channel and now gives a breakout close above a strong resistance so i am expecting that this uptrend will continue till to the next weekly supply zones into this channel.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning only.
Regards-: Amit
Adding to META short Adding to my META short position. We're trading at a resistance level and have some early selling. Would not rule out this spiking a big higher (Maybe after a bear trap) but I like this general zone for shorting.
I think this is good for shorting call spreads on and using the premium to buy more speculative OTM puts.
Call me crazy... but META to $21- This is probably my hottest take I will probably ever have but here it is... META is going to $21 all the way back 2013 prices. This to me looks like a bigger scale of Elliott Wave here. W1 on the macro scale was from 2012-2021 for just W1.... and the way everything is going in the world and how business can't afford employees anymore and people are slowly losing their net worth as rates and cost of food and living keep increasing while wages are stagnant at. It all correlates in my opinion. This macro W2 we are in and have been in we just don't see it is going to get ugly once this C wave comes alive. The B wave we are in could last longer but we are in the region which is drawn on the chart of the fib levels to where we see a reversal to the downside.
I would not be a buyer on this stock, but honestly would buy some PUT OPTIONS OTM very far out and take a risk.. why not
Opening (IRA): META August 18th 225 Short Put... for a 2.48 credit.
Comments: A little bit more single name toward the top of my IV screener. Targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying without actually being in the stock.
Earnings are on July 26th, so I'll be "playing through."
META Tight TriangleMETA has been trading within an upward channel for two months already. It has made a series of higher lows and higher highs for some time already.
Over the last 15 days META has basically been consolidating under the -0.236 fib extension or the $288 price level. We have had four clear rejections at this price level at $288. Price is getting tight on META around this area and we can expect a pop or drop very soon this week.
We now have a beautiful chart and triangle formation on the hourly on META. On a break below $284 target the demand zone at $277. On a break above this supply zone or $289.75, target $300 and then the 0.618 fib extension level.
3 Reasons Why You Should Watch MetaBig Tech Are Companies Found On The NASDAQ
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Just buy meta as the AI bubble gets goingOut of all the FANNGS, META is the cheapest across all metrics! They also have a pipeline of their own AI chips, AI workloads and contribute to the AI open source community with their own LLMs. Unlike Open AI, they also own their own data.
META is ticking all boxes, its core business is performing well, but it is also well positioned when the AI bubble really gets started.
No action yet, but resistance lingers aboveI dont know, this chart is a hard one. Turned on a dime and never stopped.
Anyway...
Big gap has been filled, and were nearing an obvious resistance. If we get a turn here and some wonky Japanese candlesticks then it may be time to fill the gaps lower.
Or who knows, maybe its up only like apple...
time will tell on this one, but no action yet imo.
META completing 8 straight months of gains. How far can it go?META is about to close the month on the 8th straight green candle, which is of course way beyond any rally in the company's history.
Having broken even above the 0.786 Fibonacci level and turned the 1month MA50 into Support again, the question on everyone's mind is how far can the market extend this rally.
Looking at its short history, all of Meta's rallies didn't stop before the 1month RSI entered the overbough (over 70.00) zone. And the RSI is currently at 61.88, considerably lower than this limit.
Of course it can be argued that this time the rally started after the 1month RSI rebounded from the oversold area, the first time in its history.
But technically, it appears that the market both technically and fundamentally has what it needs to keep investors interested and most likely won't correct substantially before testing at least the $385 All Time High.
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META was it high for 2023?META has been experiencing significant upward momentum over the past six months. However, it's important to note that this move is not supported by the financial report and may be driven by factors such as stock buybacks and the AI market hype.
The stock is currently in a large upward channel and has formed a rising wedge pattern within it. If the price breaks below the blue dotted line, it would trigger a short position. To manage risk, a stop-loss order can be placed just above the recent high.
The relative strength index (RSI) is displaying extremely bearish divergences, indicating that the buying pressure may be diminishing and the upward move could be coming to an end. Furthermore, the moving average convergence divergence (MACD) is suggesting a lack of momentum and a potential decline in price.
The first target would be a lower trend line from the channel and if that is broken than we will see 200 days MA again!!!
Always trade with stop loss because trading involves dealing with odds and probabilities.