$META Holding NASDAQ:META great hold on the level 563 and strong upside move (along with the markets). Look for break 573 level & if holds, this will bring us 583$ IMO.
FB2A trade ideas
META: A Dangerous Inflection Point! (D&H Chart Analysis).Daily Chart (Left)
Ascending Channel: The price has been trending within an ascending channel, indicating a strong upward trend that has held for a considerable period.
Double Support Area: There is a critical support zone at $561.52, marked by both horizontal support and the lower trend line of the ascending channel. This convergence of support points suggests that this level is pivotal for maintaining the current trend.
Price Reaction: Recently, the price tested the support area and rebounded, but it is still below the 21-day EMA.
Hourly Chart (Right)
21-Hour EMA Resistance: The price recently encountered resistance at the 21-hour EMA as well, which may act as a short-term barrier for further upward movement.
Pullback Zone: The recent dip tested the support area around $561.52, validating it as a strong inflection point. The price is now attempting a recovery from this support level.
Conclusion:
The $561.52 level is crucial for both bullish and bearish traders. If the price maintains above this zone, there could be potential for a rebound and continuation within the ascending channel. Conversely, failure to hold this support could lead to a bearish reversal or deeper correction. Keeping an eye on the reaction to the 21-hour EMA will provide clues for short-term movement.
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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 on a new expansion wave to $800.Meta Platforms / META is pulling back again to test the 1day MA50, which has been holding since September 11th.
The pattern is quite similar to the January 2nd 2024 pull back, a bullish break out that also took place after a prolonged consolidation pattern.
The 1week RSI patterns between the two are also fairly similar.
As long as the 1day MA50 holds, we expect META to stay on this expansion wave.
Target $800 which is a +93.92% rise from the bottom, the rise that formed the previosu peak (April 8th 2024).
Previous chart:
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META eyes on $568 then 564 for shallow retrace targets META hit a Genesis fib at $600 and is retracing.
Ideal dip would be to the red 4.236 at $568.25
Deeper retrace and must-hold fib is at $564.27
Those levels assume a shallow correction.
If it goes deeper than we will recalculate.
But if strong bull, then it will be shallow.
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META Long D1 Waiting for "The 2nd Breakout"Buy Stop @ 538.10
S/L @ 443.09
T/P1 @ 636.37
T/P2 @ -------
R.R.R. @ 1/1
Pure Price Action Trading based on Breakout of Key Level.
Meta Platforms , Inc _ Quarter _ 4 _ Distribution _ Prices: Meta Platforms , Inc _ Quarter _ 4 _ Distribution _ Prices:
To get to the future prices I will calculate the economy range for previous 2 years.
From 1st of September 2021 to 1st of September 2023 is exactly 2 years.
From 1st of September 2023 to 22nd of January 2024 is 4 months and 21 days.
So, the total time between the dates is 2 years, 4 months, and 21 days.
Now I will use my own mathematical model and engineer them with current time and data to get the future prices which will cover between Quarter 4, 2024 and Quarter 1, 2025 period.
1st Cycle distribution ( Next Prices):
$610.57
$622.65
Retest $601.85
__________
$633.78
$639.79
$640.95
$643.55
$654.72
$686.74
_______________
2nd Cycle distribution ( Next Prices):
$757.25
$870.42
$985.71
$1,284.71
META Technical Analysis for Nov. 1, 2024Current Price Level: META is trading near the $568 range, which appears close to the midpoint between recent high and low levels.
Support and Resistance:
Key resistance lies around $608.86, with prior rejections at this level.
Support levels are visible at around $561.25 and a lower level near $554.85.
EMA Trend:
The EMAs are sloping downward, indicating a bearish trend in the short term.
Price is below both EMAs, which could suggest continued downward momentum unless a reversal occurs.
Volume Analysis:
Increased volume on recent downward moves suggests stronger selling pressure.
Any spike in volume near support or resistance zones could hint at a reversal or continuation.
MACD:
The MACD lines are converging, possibly signaling a trend change or consolidation phase.
Watch for a bullish crossover, which could suggest upward momentum.
Strategy for Tomorrow:
Bullish Scenario: If price breaks above $568 with strong volume, watch for a retest and a move toward $608.
Bearish Scenario: A failure to hold above $561.25 could lead to a test of the $554.85 support.
Entry and Exit Points:
Long Entry: Above $568, targeting $608 with a stop loss slightly below $561.
Short Entry: Below $561, aiming for $554, with a stop loss above $568.
Remember, always use proper risk management and adjust based on pre-market conditions.
Disclaimer
This analysis is for informational purposes only and should not be taken as financial advice. Please perform your own research or consult with a financial advisor before making any trading decisions. Market conditions can change rapidly, and this analysis may become outdated.
#META ForecatHere is my anticipation about the #META.
Again, I think the Great Buy opportunity will occur soon.
TOO MUCH METAMeta has aggressively shifted its focus toward AI, investing heavily in AI infrastructure and technologies to improve its platform offerings. AI is being used across its platforms for improving ad targeting, enhancing user engagement, and powering recommendation systems (e.g., in Instagram and Facebook). This AI integration is leading to better user experiences and increased advertiser value.
Meta has been introducing new features aimed at increasing monetization, such as in-app shopping, direct-to-consumer services on Instagram, and WhatsApp’s push towards business and e-commerce solutions. These features are adding new revenue streams beyond traditional ads.
As Nvidia churns out more chips for future al products, META puts them into practice across its giant social media ecosystem. In early October , META stock reached its all time high of $595.94. Year to date, META shares are up 61%. The company has adopted Apple's approach of massive stock buybacks. In February this year, META authorized an additional $50 billion in share repurchases, following the $30.93 billion executed December 2023. META is scheduled to release its Q3 earnings results at the end of the month, on OCTOBER 30TH. Like Nvidia, the company beat EPS estimates during the year, with the last quarter showing 9.79% surprise. For the next quarter, analyst EPS consensus is $5.17 vs 4.39 in the year ago quarter,repsenting nearly 18% valuation growth. There is too much META and growth coming .its a good buy
META Platforms Options Ahead of EarningsIf you haven`t bought the dip on META:
Now analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 570usd strike price Puts with
an expiration date of 2024-11-1,
for a premium of approximately $21.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Meta Platforms Hello community,
Update on the META action in daily.
Nice double TOP.
Last night's results are pulling prices down!
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
Meta: Buy Opportunity with Strong Short & Medium Term SignalsMeta Platforms NASDAQ:META (META) is on track to hit new record highs at $610, and the short- and medium-term technical indicators suggest a strong buying opportunity. Here’s why:
In the 2-hour and 4-hour timeframes, several key indicators are flashing buy signals: The Exponential Moving Averages (10, 20, 30, and 50) across both timeframes are all signaling bullish momentum, indicating upward strength.
In the 4-hour chart, Momentum (10) is positive, and Bull Bear Power is also supporting further gains. While there’s a MACD Sell signal, it’s outweighed by the overall uptrend across multiple moving averages.
In the 2-hour chart, the MACD Level has switched to Buy, and the Volume Weighted Moving Average (VWMA) is also bullish, suggesting growing strength in the short term.
In the daily timeframe, Meta shows even more confirmation for a bullish stance: Most of the key Moving Averages (EMA 10, 20, 30, 50) are aligned with continued upside, supporting a sustained uptrend. The MACD and Momentum indicators show some divergence, but overall the market remains tilted in favor of a bullish outcome, with price action well above the 100 and 200-day moving averages.
Risk-Reward Setup: The combination of buy signals in both short and medium-term charts presents a favorable risk-reward setup. Meta’s strong uptrend suggests a continuation toward new highs, while the technicals back a bullish bias with several layers of confirmation. However, caution should be exercised with short-term volatility, but the overall trend still supports the case for a long position.
Considering these factors, entering long positions with a target at $610 offers a compelling opportunity to ride the momentum of one of the tech market leaders.
Disclaimer: This content is for informational purposes only and should not be considered as financial or investment advice.
Mega cap earningsIt's a big week of Mega cap earnings. I noticed a pattern from NFLX 2 weeks ago, TSLA last week and GOOGL last night earnings. Price action hit +3ATR above SMA20. I would expect this pattern to continue for MSFT & META tonight and for AMZN & AAPL on Thursday. However, since the long entry point was a much better setup heading into NFLX, TSLA & GOOGL earnings. There's limited up side left for MSFT, META, AMZN & AAPL now that the market has run up.
MSFT earnings 10/30 @ 4:10pm
+3ATR resistance = 446
SMA20 = 421
-3ATR support = 396
MSFT 11/1 options data
Put Volume Total 24,163
Call Volume Total 43,342
Put/Call Volume Ratio 0.56
Put Open Interest Total 64,014
Call Open Interest Total 84,645
Put/Call Open Interest Ratio 0.76
META earnings 10/30 @ 4:05pm
+3ATR resistance = 627
SMA20 = 584
-3ATR support = 539
META 11/1 options data
Put Volume Total 42,585
Call Volume Total 59,067
Put/Call Volume Ratio 0.72
Put Open Interest Total 72,228
Call Open Interest Total 94,163
Put/Call Open Interest Ratio 0.77
AMZN earnings 10/31 @ 4pm
+3ATR resistance = 201
SMA20 = 187
-3ATR support = 173
AMZN 11/1 options data
Put Volume Total 26,605
Call Volume Total 53,410
Put/Call Volume Ratio 0.50
Put Open Interest Total 94,319
Call Open Interest Total 182,861
Put/Call Open Interest Ratio 0.52
AAPL earnings 10/31 @ 4:30pm
+3ATR resistance = 245
SMA20 = 230
-3ATR support = 216
AAPL 11/1 options data
Put Volume Total 51,280
Call Volume Total 69,848
Put/Call Volume Ratio 0.73
Put Open Interest Total 124,160
Call Open Interest Total 174,506
Put/Call Open Interest Ratio 0.71
10/30/24 - $meta - Still long @ 600.10/30/24 :: VROCKSTAR :: NASDAQ:META
Still long @ 600.
- zuck dressing like he just raided the Kith store. positive.
- top tier AI team
- social platforms are less disruptable vs. general purpose software moats. zuck has several of these + top 3 AI platforms
- AR/VR and oculus further kickers
- at 24x PE next year i just see no where for this but up, for now
- we r in a mkt where if something is growing substantially above inflation (which normies think is low singles) but it's probably 15%... so above 15% you start to get stuff that *definitely* is taking share of risk capital. if you're profitable already, better. if you're larger, better. if you have an AI angle, better. if you have a social/ moat, ideal.
- dare i'd put it as my top pick, but aggressively bought options last week and have been trimming them as we enter the print so i can play risk free.
- about 5% of book at the moment (equivalent).
- genuinely would welcome a miss where we'd see better oppty for me to size up - just don't think this will be the case.
- think we see stock at MIL:1K next year.
- NASDAQ:GOOGL and NYSE:SNAP are good omens.
- so yuh. higher.
V
META's NEXT BIG MOVE!!! Are you ready?!NASDAQ:META 's NEXT BIG MOVE!!!
1️⃣ MY #HIGHFIVESETUP trading strategy
2️⃣ Ascending Triangle Pattern
3️⃣ My plan for this trade
Short🎯 $600
Med. 🎯 $706
Long 🎯 $780
Chart 2/5 dropping
Are you adding it to your watchlist?
NFA NASDAQ:QQQ #trading
NASDAQ:META
META H4 Long to break a new time high priceBuy Entry @ 510.34
S/L @ 442.85
T/P @ 578.56
R.R.R. @ 1/1
Pure Price Action analysis based on Pullback of target level.
Post earnings idea META calls above $589.20 take $600 calls 11/1 or $630 11/8
Target 1 🎯 $591.50
Target 🎯 2 $600.00
META puts below $575.80
Take $570 or $560. 11/1
Target 🎯 1 is $571.20
Target 🎯 2 $567.60
Target 🎯 3 $563.40
Runners $560.00
What do you expect from trading This channel is not providing individualized trading or investment advice, nor is it a banking service, brokerage service, trading service, investment service or money management
service.
It is just an educated guess.
StarThe week is coming to its end and the candles are building a star. This may be considered as a trend turning formation. I don't want to judge whether the trend will really turn around but I think that at correction of the rise over the past 2 weeks is quite possible,
I don't expect that the sentiment will change tomorrow and so I think that a short will perhaps has more liability to be profitable than a purchase.
MetaIn my last meta post I said a pullback was warranted and we did get one just not to the extent I wanted and not as quickly as I wanted it.. the pullback was controlled and has now actually for a bullflag inside a wedge that I think will push meta pass 600
META:Will META Rebound or Continue Downward? Key Levels to WatchMETA, the price seems to have pulled back after a recent drop and is showing a bit of a rebound from the support zone around $561-$569. The volume suggests selling pressure is fading as the price approaches a previous consolidation area. Resistance levels around $570-$584 may challenge further upward movement.
For tomorrow through the weekend:
If META holds above the $569 support level, it could attempt to push toward $584 or higher.
If it breaks down below $569, it could retest the lower support levels near $561 or lower.
Overall, it looks like the price action may consolidate or attempt a bounce in the short term.
Keep an eye on volume and momentum to see if the recovery holds or fades.
