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META

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META trade ideas

META - Revisiting BreakdownPrice has come back to test the break zone that was created after earnings. Bulls need a close above $312 to attempt a change in course and possible move to the top of the range else the double top looks likely to unfold. A double top is a bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset’s price falls below a support level equal to the low between the two prior highs. This pattern, resembling an ‘M’ shape, signals a medium or long-term trend change in an asset class. It’s important to note that it’s not always easy to spot because there needs to be a confirmation with a break below support. While a double top is a bearish signal, its counterpart, a double bottom, is a bullish signal. A double bottom resembles a ‘W’ shape and indicates a potential bullish price movement following a downtrend. In trading, these patterns are often used as signals to sell or enter short positions (in case of double top) or buy or enter long positions (in case of double bottom) in anticipation of market changes.
NASDAQ:METAShort
by Trader-Dan
META Strong Falling Wedge bullish break out.Meta Platforms, Inc. / META got rejected last time exactly where we wanted to (see chart at the bottom of the analysis) and hit the bottom of the Triangle pattern, which is where we wanted to buy. The price broke today over the 1day MA50, which was the pivot level inside the Channel Up pattern. Based on the previous rebound, this is the start of the new bullish wave to to the top of the Channel Up. The 1day rebounded on Support A, which is where the previous Channel Down Low was priced. Buy on the closing of the next 1day red candle. Target 335.00 (+20.50% rise). Previous chart: Follow us, like the idea and leave a comment below!!
NASDAQ:METALong
by TheCryptagon
META short to around $305My dowsing since yesterday is talking a lot about trading META. It was a long into $330, but this morning I'm getting maybe only $327.50, or that is a first stop on way to $330, so I'm not sure. I get a reversal down and time of day to be aware of as 12:40-50 this afternoon (eastern). So, if it's up at the zone and reversing, I'd especially watch that time. I only want to short this into tomorrow though as it's only suggesting a 2 day trade, so be aware of that. There is a lot of attention being given to the date of Nov. 21st as well. I also have a level of $286 if you like it lower longer, but there's still some suggestion of a daily up trend, so it could be a little bouncy.
NASDAQ:METAShort
by JenRz
2
META | Bearish Divergence | SHORTNASDAQ:META Price Target1: 276$ Price Target2: 265$ 15th Dec PUT Options Trend Analysis: The stock has been in an upward trend (bull market) for a considerable time, as indicated by the rising price action and the rising Relative Strength Index (RSI) line. However, this upward trend seems to have reversed recently, indicating the start of a bear market. Bearish Divergence: The chart points out a bearish divergence, which is a technical signal indicating potential trend reversal. A bearish divergence occurs when the stock price hits higher highs, but the RSI does not confirm these highs (i.e., the RSI makes lower highs). This suggests that the upward momentum might be weakening. Volume Profile: The volume profile on the right side shows the price levels at which the most trading occurred. The wider the horizontal bars, the more trading volume occurred at those price levels. These levels can act as support or resistance in the future. Price Decline: There are two significant price declines highlighted in the chart, with percentage drops annotated. The stock faced a steep decline, losing a significant portion of its value during those periods. RSI Levels: RSI values above 70 typically indicate that a stock might be overbought (potentially overvalued), while values below 30 suggest it might be oversold (potentially undervalued). The chart showcases moments when the RSI crossed these thresholds. Predictions: The highlighted bearish divergence and subsequent price drop might be a warning to traders and investors about potential future declines. The question mark implies uncertainty or a need for decision-making regarding the stock's future direction. The bear market label suggests a prediction or declaration that the stock has entered a downward trend.
NASDAQ:METAShort
by shkspr
TAke profits from longs on Meta Sure, here's the analysis of Meta (formerly known as Facebook) based on the information you provided: Stock Performance: Meta has recently experienced a stock price increase of over 160%. This is a significant rise and may indicate that investors were enthusiastic, and the stock's performance exceeded typical expectations. This is an important factor that can impact the future stock price. Overbought Zone: Your mention of a mildly overbought condition on the weekly chart is important. The Relative Strength Index (RSI) is a useful indicator for identifying overbought or oversold conditions in the market. If RSI reaches values above 70, it can signify that the stock is overbought and may be due for a correction. Bearish RSI Divergence: The formation of a bearish RSI divergence on the daily chart is a crucial signal. A bearish divergence suggests that the strength of the uptrend is weakening and could be the beginning of a reversal. This is an important signal for technical analysts, indicating a potential price decline in the future. Profit-Taking: Meta has seen substantial growth since its last decline. When investors witness such significant growth, they may be inclined to start taking profits. This can lead to increased selling of shares and a decline in the stock price. Based on this information, it might be expected that the price of Meta's stock could decline in the near future. However, it's important to note that financial markets are unpredictable and can be influenced by many other factors, including news, geopolitical events, and market trends. It's important to consider that investing based on technical analysis is just one of many approaches to investing. Before making any investment decisions, it's advisable to consult with a financial advisor and consider all available information about the company and the market.
NASDAQ:METAShort
by RC_CRYPTO_SURFER
META Is it a buy again?Two months since we gave a successful buy signal (see chart below) on Meta Platforms (META) and the stock is yet again found after an aggressive selling sequence: The (almost) 12-month long Bullish Megaphone may be still intact but this time the price dropped below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). It is however approaching not just the bottom (Higher Lows trend-line) of the Bullish Megaphone, but also Support 1 (274.50). What makes Meta a strong buy already is that the 1D RSI entered the Buy Zone, which is the area within the bottom of its Channel Down and the Support. As long as the 1D MA200 (orange trend-line) holds, buying some here and the rest at the bottom of the Bullish Megaphone is the most optimal approach for the medium-term. As you can see, the price action follows very distinct time Cycles (dashed curves) and right now the new one is about to begin. Our target is the $384.50 All Time High of September 01 2021. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:METALong
by TradingShot
META - The selling Pressure is Not Over Yet.I'm not in META, just reading the chart and all the signals for support and several Sell Signals clearly visable in Advance. For those of you caught off guard consider what you see here for future reference. The chart was breaking down well in advance including that the stock has been Far Above both the 50 and 200 day EMA's that realistically has not been sustainable any longer. It also would not surprise me if META were to fall all the way back down to the 200 day EMA altogether at approximately $261.00. My other comments are built directly into the chart.
NASDAQ:META
by grahammk
META daily cup with handle rejected breakout?There seems to be a large cup with handle formation over most of 2023 in META on the daily. After the completion there was a small handle formed and then a breakout of the top of the cup formation but this was a false breakout. Could this big, bullish pattern underperform and instead be a signal for lower prices on the horizon? Or might this breakdown be short lived and we will see a second breakout? The trading volume isn't particularly promising as it was lower during the second half of the cup.
NASDAQ:META
by wuliwong
Meta's earnings are the best in 10 years! 26/10/2023Meta Platforms Inc. reported record quarterly revenue growth over the past ten years since the company went public. Revenue amounted to 34.15 billion USD (a relative increase of 23%), and net profit reached 11.58 billion USD (a relative increase of 164%). The main reasons for such outstanding results were the increase in demand for advertising and the reduction in costs for the development of artificial intelligence technologies. If we take as a basis the analysts' forecast of 13.06% for META's revenue growth in the next four quarters, then relative to the P/S (capitalisation/revenue) multiplier, the fair price of the company's shares could reach 491.70 USD. Therefore, today, we focus on the Meta Platforms Inc. (NASDAQ: META) stock chart. On the D1 timeframe, support has formed at 299.50, with resistance at 328.84. META's shares are becoming cheaper due to a negative market background. However, if quotes consolidate above 306.47, the trend may change. On the H1 timeframe, after the level at 301.56 is broken through, there is a chance that the new upward movement starts. In the medium term, the target for the price increase can be around 328.84. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:META
by RoboMarkets
Despite Strong Report, META Shares Fall 3%Like Google, META demonstrated that the price can fall if the quarterly report is better than expected: → Earnings per share: actual = USD 4.39, expectation = USD 3.63. → Revenue: actual = USD 34.15 billion, expectations = USD 33.56 billion → Number of daily active users: fact = 2.09 billion, expectation = 2.07 billion according to StreetAccount. META's share price initially rose in post-market trading but then reversed course and fell more than 3% following cautionary comments from CFO Susan Lee about the impact of military conflict in the Middle East on the advertising market. Thus, the META stock price may have received a bullish boost from the psychological level of USD 300, but it is possible that it will receive a bearish one because the opening price on Thursday could be around USD 290. In the analysis of the META share price on October 3, we paid attention to the candle from July 27, when the high of the year was formed — then, extremely high volumes were recorded on the NASDAQ exchange. They can be interpreted as the desire of large players to fix profits from long positions. Since then, the price has updated its high of the year around the USD 325 level, but this update turned into a classic bear trap. Thus, a large-scale double top pattern has formed on the chart, which will most likely lead to a bearish breakout of the ascending channel (shown in blue). When a breakout occurs, a gap will likely form, which can serve as resistance. The bulls may be given hope by the level of USD 175 per share, which previously supported META shares. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:META
by FXOpen
#META looking rather precarious. META released a decent set of results last night, but trade action post market is very weak which makes me think there is a scenario where it could be headed as low as R240 to meet the Rising 200wma and previouys level of support at approx R245.00. Stock recently made a new high which was not confirmed by the RSI forming a lower high (bearish divergence). I would becareful of buying this thing too soon as i think further weakness is most likely on the horizon in the metaverse!
NASDAQ:METAShort
by MarcoOlevano