META SELL SELL SELLI added yesterday, DO NOT COVER, reversal coming! Extremely overbought this WILL correct if you are patient it will pay nicely First target is $687 second $671 in coming weeks
1FB trade ideas
Meta - The Breakout Is About To Be Confirmed!Meta ( NASDAQ:META ) is attempting the breakout:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months, we have been witnessing an incredible rally of about +750% on Meta. Looking at the long term reverse triangle pattern, this rally was not unexpected and such is the breakout. We still need to see confirmation, but then Meta will target the four digit level.
Levels to watch: $700, $1.000
Keep your long term vision,
Philip (BasicTrading)
Riding Wave 5: Is $700 Just Around the Corner?Hey Realistic Traders, Will META Bullish Bias Continue ? Let’s Dive In....
In the Daily timeframe, META rebounded above the 38.2% Fibonacci level, marking the completion of wave 4. Within this wave, a Descending broadening wedge pattern was formed. Recently the price has broken out of the pattern. This breakout was further confirmed by a bullish MACD crossover, signaling increasing momentum and strengthening the case for a continued upward move.
Based on these technical signals, I foresee a potential upward movement toward the first target at $638. After reaching this level, a minor pullback is likely before the rally continues toward a new high at $700.
This outlook remains valid as long as the price holds above the stop-loss level at 550.00.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on META.
Shooting Star Pattern: Meaning and Trading RulesShooting Star Pattern: Meaning and Trading Rules
In the fast-paced world of trading, recognising key chart patterns is crucial for informed decision-making. One pattern that traders often look for is the shooting star trading pattern. This article will delve into what a shooting star pattern is, how to spot it on a chart, its associated trading strategies, and its distinctions from similar patterns.
What Is a Shooting Star?
A shooting star in trading is a bearish candlestick pattern that can signify a potential reversal of an uptrend. It consists of a single candlestick with the following characteristics:
- A small body that is located at the lower end of the candlestick.
- A long upper shadow that is at least twice the length of the candle's body.
- A short or nonexistent lower shadow.
The appearance of the setup suggests that the price opened near its low and rallied significantly during the trading session but ultimately closed near its opening price. This pattern indicates sellers regained control after a brief period of bullishness.
While the formation is considered more probable when it closes red, it’s possible to see a green shooting star. A green shooting star candlestick simply indicates that sellers weren’t able to push the price down quite as aggressively.
How Can You Trade the Shooting Star?
The shooting star trading strategy involves the following key points:
- Entry: After identifying the candle in the strong uptrend, consider entering a short position. To validate the pattern, you may wait for the next one or two candles to close below the shooting star.
- Take Profit: Although candlestick patterns don’t provide specific entry and exit points, you can use common technical analysis techniques. For example, you may set a take-profit level based on the support level, Fibonacci retracement level, or nearest swing lows.
- Stop Loss: You may want to protect your position with a stop-loss order. This is usually placed above the high price of the shooting star. This helps potentially limit losses if the pattern doesn't lead to a reversal.
Let's consider a live market example of a shooting star in the stock market to illustrate the concept. A trader analyses the Meta stock chart and spots a shooting star stock pattern after an extended uptrend. They wait for confirmation, i.e. for the next bar to close lower. Upon confirmation, they decide to enter a short trade, setting their take-profit target at a significant support level and placing a stop loss above the formation’s high.
How Traders Confirm the Shooting Star Signals
Confirming the shooting star pattern's reliability involves a multifaceted approach, adding robustness to your trading decisions. Traders look beyond the candlestick itself, integrating various technical analysis tools to validate signals.
Key confirmation methods include:
- Volume Analysis: A high trading volume accompanying the shooting star candlestick pattern can strengthen the signal, indicating that the reversal is supported by significant market participation.
- Subsequent Candles: Observing the next few candles for bearish confirmation is essential. A strong bearish candle following the shooting star suggests that sellers are gaining momentum.
- Technical Indicators: Indicators can offer confirmatory signals, particularly momentum indicators like the Relative Strength Index (RSI) and Stochastic Oscillator. A moving average crossover can also add confluence.
- Support and Resistance Levels: The proximity of the shooting star to established resistance levels enhances its significance. A shooting star forming near a resistance zone often signals a strong reversal point.
- Above Swing High/Low: A shooting star pattern that breaks into the area just above a key high or low before reversing can signal a stop hunt/liquidity grab.
- Contextual Analysis: The broader market context, such as prevailing trends and economic news, can influence the pattern's effectiveness. Aligning the shooting star with broader market sentiment increases the pattern’s reliability.
Shooting Star and Other Candlestick Formations
Let's compare the shooting star with other patterns with which it is often confused.
Shooting Star vs Inverted Hammer
The shooting star and inverted hammer look similar – they have small bodies and long upper shadows. However, they differ in their implications. The former is a bearish reversal pattern found in uptrends, while the latter is a bullish reversal formation seen in downtrends.
Shooting Star vs Evening Star
Both formations signal an uptrend reversal; however, the shooting star is a single-candle setup, whereas the evening star consists of three candles, including a large bullish candle, a small-bodied candle, and a large bearish candle.
Shooting Star vs Gravestone Doji
The shooting star and gravestone doji are both bearish reversal patterns. The shooting star features a small body at the lower end of the candlestick with a long upper shadow, signifying a failed rally.
In contrast, the gravestone doji has no or a tiny real body, as the open and close prices are identical or nearly identical, with a long upper shadow and no lower shadow. The gravestone doji suggests strong indecision in the market, with buyers initially driving prices up but ultimately failing to maintain that momentum, which often signals a sharp reversal.
Shooting Star vs Hanging Man
The shooting star and hanging man also share similarities but differ in appearance and market positioning. The shooting star is a bearish pattern occurring after an uptrend, indicating a potential reversal as bears managed to pull the price down at the end of a trading session.
Conversely, the hanging man appears at the top of an uptrend as well but has a small body at the upper end and a long lower shadow, reflecting that sellers were able to push the price down significantly before buyers pulled it back up. The hanging man suggests that selling pressure is starting to outweigh buying interest.
Advantages and Limitations
This formation offers traders valuable insights, but it comes with its own set of advantages and limitations. Understanding these can help traders use the pattern more effectively within their strategies.
Advantages
- Early Reversal Signal: It provides an early indication of a potential trend reversal, allowing traders to prepare for or act on a change in market direction.
- Simplicity: The pattern is straightforward to identify, even for less experienced traders, making it an accessible tool for technical analysis.
- Versatility: It can be applied across various markets and timeframes, with traders often spotting the shooting star in forex, stock, and commodity markets as well as across both short-term and long-term charts.
Limitations
- False Signals: The pattern alone is not always reliable and can generate false signals, especially in volatile markets or when not used with other confirmation tools.
- Lack of Precision: It does not provide exact entry or exit points, requiring traders to rely on additional indicators or analysis to determine these.
- Dependency on Context: The effectiveness of the formation is highly dependent on the broader market context and trend strength, limiting its standalone use.
Final Thoughts
Understanding chart patterns like the shooting star is essential for making informed decisions in trading. Remember that while this formation can provide valuable insights, it is more effective in conjunction with other tools for signal confirmation. As a trader, staying informed about market developments and continuously honing your skills could be a key to effective trading in the dynamic trading environment. Open an FXOpen account today to trade in over 600 markets with tight spreads from 0.0 pips.
FAQ
Can Candlestick Patterns Be Time-Sensitive?
Yes, candlestick patterns vary depending on the timeframe. A shooting star on a 1-minute chart provides short-term signals, while a shooting star on a daily chart may signal a longer-term reversal. However, the choice of timeframe goes hand in hand with your market strategy and goals.
How to Improve Candlestick Pattern Recognition Skills?
Improving your candlestick pattern recognition skills requires practice and study. You can analyse historical charts, use trading simulators, read educational materials like those at FXOpen, and engage with experienced traders to gain insights and practical experience.
Why Are Candlestick Patterns Important in Trading?
Candlesticks visually represent price action and help traders identify potential trend reversals, continuations, and key support and resistance levels. They are valuable tools for technical analysis.
What Is the Meaning of a Shooting Star Pattern?
The shooting star pattern is a bearish reversal candlestick that forms after an uptrend. It signals a potential shift in market sentiment, where buyers initially drive the price higher, but sellers take over, pushing the price back down near its opening level.
Is a Shooting Star Candlestick Bullish?
No, a bullish shooting star does not exist. It is a bearish pattern, indicating that an uptrend may be losing momentum and that a reversal to the downside could be imminent. A similar bullish formation is the inverted hammer.
Is a Shooting Star a Doji?
A shooting star is not a doji. While both patterns can signal reversals, a doji has nearly identical opening and closing prices with no significant body, reflecting indecision, whereas a shooting star has a small body with a long upper shadow, indicating a failed rally.
How Can You Trade a Shooting Star Candle?
Trading this candle involves looking for confirmation of the reversal, such as a bearish candle following the pattern. Traders often set stop-loss orders above the shooting star's high and target profit levels near key support zones or previous lows.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
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.
META short term top at $750?I've been watching people on Twitter trying to short meta all week and get squeezed.
META has had a really strong move over the past few weeks and is now in parabolic blow off top stage, however, I think the run comes to an end between here $738 and $752.
I'll be buying puts if price can reach $750-752. Not trying to short it below that level.
META: 2nd Expansion Era targets $900 by the end of the year.Meta may have only now turne bullish on its 1D technical outlook (RSI = 56.480, MACD = 20.520, ADX = 63.183) but on 1W it has been on an exceptionally healthy bullish tech (RSI = 66274) since the October 2022 bottom. Ever since that was formed, Meta entered its 2nd Expansion era with similarities in price and RSI terms obvious with the 1st Expansion era of 2012-2018. As long as the 1W MA50 supports, we can see a similar Channel Up targeting $900 by the end of 2025.
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META at a Critical Reversal Zone! Trade Setups for Feb. 20Technical Analysis (TA) Overview
META is currently trading near 701, in a downward channel after rejecting from 740. It recently found support around 690-695, which aligns with a key put wall support zone. If bulls can hold this area and push above 709-715, META could see a reversal toward 720-730. However, failure to reclaim 709 could lead to further downside toward 690-680.
📌 Key Support & Resistance Levels:
* Resistance: 709.95 (resistance zone), 715 (gamma resistance), 720-730 (major breakout area)
* Support: 695-690 (major demand zone), 680 (next strong put wall support)
📌 Indicators:
* MACD: Bearish but showing early signs of flattening—possible shift.
* Stoch RSI: Overbought at 81.78, meaning bulls may struggle for immediate upside.
* Volume Profile: Heavy trading volume near 701-703, suggesting possible consolidation before the next move.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
* 715: Short-term gamma resistance—bulls need to break this level for momentum.
* 730-750: Major call resistance—META would need strong buying pressure to reach these levels.
🔹 Put Walls (Support):
* 690: Strong put support—buyers may step in here.
* 680: If 690 fails, next major support zone.
🔹 Options Sentiment:
* IVR: 9.3 (low implied volatility—potential for a sharp move).
* Call Open Interest: 16.9% – Low bullish positioning, indicating cautious sentiment.
Trade Scenarios for Tomorrow
✅ Bullish Setup:
* If META breaks above 709-715, expect a push toward 720-730.
* Ideal entry: Above 710, stop-loss below 705.
* Profit targets: 715, 720, 730 (extension).
❌ Bearish Setup:
* If META fails at 709 and breaks below 695, expect a move toward 690-680.
* Ideal entry: Below 695, stop-loss above 700.
* Profit targets: 690, 680, 675 (extension).
Probability Estimate for META’s Next Move: Bullish Move Above 709-715 (Targets 720-730)
Scenario Probability (%): 45%
Reasoning: META is attempting to bounce from key put support (690-695).
• Needs strong buying volume to reclaim 709-715. | | Choppy/Sideways (Range 690-710) | 35% | - Volume profile suggests heavy activity around 700-703, meaning price could consolidate.
* MACD is bearish but flattening, signaling indecision. | | Bearish Breakdown Below 695 (Targets 690-680) | 20% | - Put support at 690 is critical, but if it fails, bears could take control.
* If selling pressure increases, expect downside to 680-675. |
Final Thoughts
* META needs to break 709-715 for further upside toward 720-730.
* If 695 fails, selling pressure could increase, pushing price to 690-680.
* Low IVR suggests a breakout is coming, but direction is uncertain.
🔹 Best Trading Plan:
* Bullish Play: Look for a breakout above 710 → target 715-730.
* Bearish Play: Watch for rejection at 709-710 or a break below 695 → target 690-680.
🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.
Meta scalping + forecast (2-19)🔥 Market Overview (Meta - META)
Trend: Meta is experiencing a correction after a strong uptrend. Price is currently testing support.
Key Levels:
Resistance: $714.65 (Supertrend resistance)
Support: $701.54 (200 EMA), $690.00 (psychological support)
Indicators:
EMA 9: $703.49 (Short-term trend resistance)
EMA 200: $701.54 (Crucial support level)
MACD: Bearish crossover, weak momentum.
RSI: 41.21, nearing oversold territory.
🔥 Scalping Strategy
🩸 1. Range Scalping (Preferred Strategy)
Buy near: $700-$702, targeting $710-$714.
Sell near: $714-$715, targeting $700.
Stop-loss: Below $698.
🩸 2. Breakout Scalping (If $715 Breaks)
Buy above: $715, targeting $720-$725.
Stop-loss: Below $712.
🩸 3. Momentum Scalping (For Quick Trades)
Short near: $714-$715, targeting $702.
Buy near: $700-$702, targeting $710-$714.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
META needs to hold above $701-$702 to confirm a bullish continuation.
If rejected at $714-$715, expect a pullback to $690.
RSI indicates possible short-term downside before recovery.
🔥 News & Market Context
Meta remains one of the top-performing tech stocks, benefiting from AI and digital ad growth.
Market-wide sentiment is mixed, with tech earnings and macro data influencing movements.
Earnings guidance and institutional activity will determine future momentum.
🔥 Decision:
🩸 Short-term: Scalp between $700-$715, favoring long positions at support.
🩸 Mid-term: Watch for confirmation above $715 for continuation.
🩸 Ideal Play: Buy near $700, sell near $715, or long on a breakout.
👑 Final Verdict:
META is at a crucial support level. A bounce could push it to $715+, but failure to hold could trigger a drop to $690.
🔥 LucanInvestor's Quote:
"Support and resistance define the game—trade within them or break through." 👑
META ... An about Face ?Meta is the last of the Mag 7 to continue the trend of recent new highs. The other 6 have shown weakness in recent weeks.
A nice Wolfe Wave is forming and should cap the price near the $735 area.
I would expect a decent reversal by 2/19 if not before.
My initial target is $685 by mid-March and $640 by the end of April.
Not Investment advice . Do your own due diligence
S
META Stock Analysis & GEX Options Insights Feb 18Technical Analysis (TA) for META
* Current Price Action: META is in an uptrend, forming a rising wedge pattern on the 1-hour timeframe. The stock has been making higher highs and higher lows, confirming strength.
* Support & Resistance Levels:
* Immediate Resistance: $740 - This aligns with the current high and a potential breakout level.
* First Support: $727 - If price pulls back, this area could act as a retest zone.
* Major Support: $715 - A breakdown of $727 could lead to testing this lower support.
* Critical Breakdown Level: $709 - A failure to hold here might signal a trend reversal.
* Indicators:
* MACD: Shows signs of weakening momentum, but still bullish.
* Stochastic RSI: Near overbought levels, indicating a possible cooldown or retracement before another leg up.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $750 → This is the major call wall and could act as a strong resistance.
* 49.36% Call Wall: $730 → META is currently testing this level, meaning a breakout could fuel a strong move toward $750.
* Put Wall Support: $715 → If META drops, this is the area where options market positioning may provide support.
* IV & Sentiment:
* IV Rank (IVR): 6.1 → Low implied volatility, making options cheaper for buyers.
* IVx Avg: 31.1 → Slightly lower than usual, suggesting muted volatility.
* Options Sentiment: Calls = 4.6% → Slightly bullish, but not extremely aggressive.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $740 with confirmation.
* Target: $750+ (Gamma Squeeze Potential).
* Stop Loss: Below $727.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $727.
* Target: $715 or $709 (strong put support).
* Stop Loss: Above $735.
Final Thoughts
* META is in a bullish structure, but the rising wedge suggests caution if momentum weakens.
* Options flow aligns with a potential move to $750, but a failure to hold $727 could trigger a pullback.
* Best Trade Approach: Monitor price action near $740 & $727, and use options positioning to confirm directional bias.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
META (NASDAQ: META) – Oversold & Ready for a Bounce?📊 Meta Platforms (META) has pulled back from its recent high of $740.88, but signs are emerging that a bounce may be near as price approaches key support levels. With the stock now oversold, buyers could step in for a potential recovery.
🔹 Why META Could Rebound Soon
✅ 1. RSI is Oversold (38.75) – The RSI has dropped below 40, which historically signals a buying opportunity as sellers exhaust momentum.
✅ 2. Key Fibonacci Support Levels – META is currently testing $714.57 (0.236 Fib) and could bounce toward the $719-$723 range if support holds.
✅ 3. Potential MACD Reversal – The MACD remains bearish, but momentum could shift if the MACD histogram starts reducing its red bars, signaling a possible crossover.
✅ 4. 200 EMA ($707.98) Could Act as Strong Support – If the price tests this level, buyers may step in aggressively.
🔹 Key Resistance & Bounce Targets
📍 $719.60 (0.382 Fibonacci) – First resistance if price begins recovering.
📍 $723.66 (0.5 Fibonacci) – Midpoint resistance; reclaiming this level signals stronger bullish momentum.
📍 $727.72 (0.618 Fibonacci) – A breakout above this would confirm a trend reversal.
🔹 If META Reclaims $721.65 (20 EMA), Expect a Stronger Move Higher.
📈 Bullish Trade Setup: Buy Above $715
✅ Entry: Buy META above $715 (support bounce confirmation).
🎯 Target 1: $719.60
🎯 Target 2: $723.66
🎯 Target 3: $727.72
🛑 Stop-Loss: Below $710 (invalidates support hold).
🔍 Confirmation Needed:
✔️ RSI reclaiming 40+
✔️ MACD turning bullish
✔️ Sentiment indicator shifting green
📌 Final Thoughts: META May Be Ready for a Rebound
📈 META is in an oversold condition and sitting on key support zones. If buyers step in, we could see a bounce toward $719-$727 in the coming sessions. Watch for a shift in MACD & RSI for confirmation.
⚠️ Warning: If the next candle closes below $710 with strong volume, expect further downside toward $706-$700.
Chart Patterns: Are We at a Key Reversal Zone?
📌 Current Formation: Possible Bullish Reversal Zone
META is retracing within a Fib retracement zone, meaning it is likely in a pullback phase rather than a full trend reversal.
Patterns to Watch:
✅ Falling Wedge Pattern (Bullish Breakout Expected)
If the price is making lower highs but consolidating near support, this could trigger a breakout toward $723-$727.
✅ Double Bottom Formation (Reversal Signal)
If META tests $710-$707 twice and holds, it confirms a double-bottom formation with an upside target of $727-$735.
✅ Trendline Retest (Bounce Play)
If price holds the trendline from February’s uptrend, we could see a continuation higher.
🔹 Bearish Scenario? If META breaks below $710 and forms a bearish flag, expect a drop to $700-$698.
💬 Are you bullish on META? Drop your thoughts below! 👇🔥
#META #StockMarket #NASDAQ #Trading #Bullish #BuySignal #StockAnalysis
META’S Q4 2024—$META RIDES AI AND ADS TO VICTORYMETA’S Q4 2024— NASDAQ:META RIDES AI AND ADS TO VICTORY
(1/9)
Good evening, Tradingview! Meta’s Q4 2024 earnings landed—$48.4B revenue, up 21% YoY, topping estimates 📈🔥. A 16.5% stock rally seals the deal. Let’s unravel NASDAQ:META ’s big win! 🚀
(2/9) – AD & AI POWER
• Q4 Revenue: $48.4B, 21% jump from last year 💥
• Profits: Nearly $21B—up 49%—efficiency shines 📊
• Ad Surge: Biggest driver, fueling the cash flow
AI’s humming, ads are king—Meta’s on fire!
(3/9) – KEY WINS
• AI Spend: $60B+ lined up for ‘25 🌍
• Users: 3.35B daily logins—record crowd 🚗
• Meta AI: 700M monthly fans—AI’s buzzing 🌟
Stock’s tearing up the charts—hot streak alert!
(4/9) – SECTOR SMACKDOWN
• Forward P/E: ~28x, leaner than Amazon’s 33x
• Ad Game: 21% growth beats Google’s 12% 📈
• User Pull: Social king—rivals can’t touch it
NASDAQ:META ’s a growth beast—hidden value or hype? 🌍
(5/9) – RISKS ON THE HORIZON
• Regs: EU and U.S. eyeing fines—trouble brews? 🏛️
• AI Bet: $60B spend—payoff’s a question ⚠️
• Saturation: 3.35B users tough to top 📉
High stakes in this tech showdown!
(6/9) – SWOT: STRENGTHS
• Ad Muscle: $46.8B in Q4—ad king rules 🌟
• AI Edge: 700M Meta AI users—future’s here 🔍
• Cash Pile: $52B free flow in ‘24 🚦
NASDAQ:META ’s flexing serious firepower!
(7/9) – SWOT: WEAKNESSES & OPPORTUNITIES
• Weaknesses: Metaverse burns SEED_TVCODER77_ETHBTCDATA:5B , AI costs stack 💸
• Opportunities: Threads hits 100M+, AI ads shine 🌍
Can NASDAQ:META spin risks into wins?
(8/9) – NASDAQ:META ’s Q4 rocks—what’s the vibe?
1️⃣ Bullish—AI and ads keep it roaring.
2️⃣ Neutral—Growth’s cool, risks hover.
3️⃣ Bearish—Big spends clip its wings.
Vote below! 🗳️👇
(9/9) – FINAL TAKEAWAY
Meta’s Q4 dazzles—$48.4B revenue, $21B profit, AI soaring 🌍🪙. 28x P/E vs. peers, but growth’s electric. Regs and AI costs loom—gem or gamble?
Why booze stocks are so cheap (part 1002)This analysis is provided by Eden Bradfeld at BlackBull Research—sign up for their Substack to receive the latest market insights straight to your inbox.
Now, I do not think Brown Forman will return to 32x earnings anytime soon — if ever — but if you even half the implied return from multiple expansion you still have plenty of upside.
Ditto Remy — I do not love Remy because Cognac, for lack of a better term, is screwed. But there’s still obviously value there and it trades on a very depressed multiple — what’s to say the family has had enough and finds a buyer?
Finally, Diageo. Less upside but more certainty — Guinness sells very well among Gen Z while their spirits portfolio continues to ebb along, if only growth in the low single digits.
Valuations always tend to normalise, especially for companies which make staples. Paying 30x earnings was always too much — I used to look at Brown-Forman enviously, and wish it were cheaper. Well, now it is! And nobody likes it. On chart is a couple of headlines from Barron’s.
I love to go counter-consensus to the media, because usually that’s a sign of peak pessimism. On chart are some headlines about Meta when everyone hated the stock in 2022/2023.
Obviously, the booze stocks are not Meta — Meta is a cash flow machine! Zuck wears a gold chain! Zuck would like us to know he is a Cool Guy!
But still — price drives narrative. Everyone was dissing Meta in 2022 (and I felt like an idiot buying it), now they love it. Ditto booze stocks. People aren’t going to stop drinking. That’s it. That’s the thesis.
Meta 2-17 (scalping + forecast) 🔥 Market Overview:
Trend: Meta Platforms (META) remains in a strong uptrend, making new highs, but signs of exhaustion are emerging.
Key Levels:
Resistance: $740 (recent high, potential breakout zone).
Support: $719–$720 (Supertrend support).
Indicators:
EMA 9: $731.79 (acting as dynamic support).
EMA 200: $649.11 (long-term bullish confirmation).
Supertrend: $719.66 (trend remains bullish as long as this holds).
MACD: Bullish, but momentum is slowing.
RSI: 67.32 (approaching overbought conditions, a pullback is possible).
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:
Buy near: $730–$732 if momentum sustains.
Target: $740–$745.
Stop-loss below: $720.
🩸 2. Breakout Scalping:
Long if price breaks above: $740, targeting $750.
Short if price rejects $740, targeting $725.
🩸 3. Range Scalping:
Sell near: $740–$745 resistance.
Target: $725–$720.
Stop-loss: $746 if breakout occurs.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If META breaks $740, a rally toward $750–$760 is likely.
A rejection at $740 could trigger a pullback to $720–$700.
RSI is near overbought, signaling a potential short-term retracement.
🔥 News & Market Context:
AI & Ad Revenue Growth: Meta continues to lead in digital ads and AI development.
Tech Sector Strength: The stock follows a broader tech uptrend but may see profit-taking.
Market Sentiment: Investors are optimistic but cautious ahead of key economic data.
🔥 Decision:
🩸 Short-term: Look for a breakout above $740 or a rejection for shorting opportunities.
🩸 Mid-term: Bullish, but needs confirmation of sustained strength.
🩸 Ideal Play: Buy on dips near $730, or short if price struggles at $740.
👑 Final Verdict: Meta is in a strong uptrend, but momentum is slowing. Bulls need to clear $740 for the next leg up. Caution is advised as RSI nears overbought levels.
🔥 LucanInvestor's Quote: "The trend is your friend—until exhaustion takes over."
META Stock Rises for 19 Consecutive SessionsMETA Stock Rises for 19 Consecutive Sessions
According to the Meta Platforms (META) stock chart:
→ Based on closing prices, the stock has posted 19 consecutive daily gains since 17 January.
→ META has reached an all-time high, solidifying above the key $700 per share level.
Bullish sentiment was driven by a strong Q4 earnings report that exceeded analyst expectations:
→ Earnings per share: reported $8.01 vs. expected $6.75.
→ Revenue: reported $48.38 billion vs. expected $46.99 billion.
Additionally, media reports highlighted:
→ Meta Platforms announced a 5% dividend increase.
→ Over 3.3 billion people interact with its apps daily.
→ Mark Zuckerberg stated that 2025 will be a turning point for AI at Meta.
→ Strong ties between the company’s CEO and President Trump.
Technical Analysis of Meta Platforms (META) Stock
Price movements have formed an ascending trend channel (blue) since 2024, with its lower boundary acting as stable support. However, the daily RSI indicator has entered extreme overbought territory, signalling potential vulnerability to a pullback.
If a correction occurs, the $700 psychological level may be tested, similar to how $680 was previously.
Former resistance at $636, reinforced by the channel's lower boundary, appears to be a strong support level.
Analyst Forecasts for Meta Platforms (META) Stock
According to Yahoo Finance:
→ In the past week, 23 analysts raised their earnings per share estimates for META in 2025.
→ 56 out of 65 analysts rate META stock as a "strong buy" or "buy."
TipRanks data indicates an average 12-month price target of $764.61 for META stock.
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META SELL SELL SELL $720 add every $5META is overbought here and due a correction. I would simply ADD every $5 over $720. FIrst correction target is $659.66 second is $643.49
Meta Short: PeakedI've explained in this video why I think Meta has peaked. Here's the summary:
1. Completion of 5 waves.
2. Fibonacci Extension level hit (target: $725.76, actual: $725.01, diff: $0.75)
3. Bearish Reversal candle with high enough volume (I missed mentioning this in the video)
This is a good risk-reward trade with Stop at $726 and take profit at $550.
Good luck!
META: Exponential Scaling PI^0.1Meta Platforms, Inc. has been on a meteoric rise, recently surpassing $700, and its price action suggests a strong adherence to exponential growth patterns rather than linear trends. Traditional charting methods often fail to capture the real movement of high-growth stocks, making the Exponential Grid indicator, which applies non-linear scaling using a constant of Pi and an exponent of 0.1, a valuable tool for traders and investors. This approach highlights key exponential support and resistance levels, which the stock has consistently respected over the years. After a significant downturn in 2022, META rebounded impressively, breaking through critical resistance in the $500-$600 range, and now faces its next potential hurdle around $750-$775. The exponential scaling framework helps to identify price zones where reactions are likely, offering better risk-reward assessments, improved stop-loss placements, and more accurate price targets compared to linear scaling. As META continues its parabolic ascent, the next move depends on whether it can sustain momentum above exponential resistance, potentially pushing it into uncharted territory, or whether a pullback to lower exponential supports occurs. With technology stocks often following logarithmic or exponential growth curves, tools like the Exponential Grid are becoming essential for trading dynamic and volatile markets effectively. Understanding these patterns is not just a technical advantage but a crucial edge in navigating today’s ever-evolving stock market landscape.
Probably A StarMETA is running since August without a major correction. It is time to, isn't it?
If this week will end tomorrow without a new high and perhaps the star will remain to shine we may see even a major downward correction.
Facebook,Can we call at least a MINOR Bottom by the End of Sep.?Meta corporation shows some sort of balance both price and time
I think we can call a Bottom , at least a minor one by the end of this month
look like the Q4 shows some optimism
IMO, look for good entries according to your plan in lower time frames.
we are @ previous supportive area .
Trade Safe
Dr.Sherif Aborehab
FB (META), What is going on?Stocks fall one after another !
We Saw a considerable decline in FB (Meta) Stoc k after earning report after hours of last trading session. What is happening for FB (Meta) in terms of Elliott waves?
FB (META), has likely completed a primary degree ascending cycle started on 4th Sept 2012 at 17.55 USD . This cycle took 9 years to be completed therefore, we can imagine how boring will be the correction phase before completion !
If true , FB (META) has started a correction decline form ATH (384.33) down to Retracement levels with today's pre-market price around 0.382 level.
Although 0.382 retracement is also possible for wave 2s , I give very low possibility to bounce back from this level according to timing and corrective patterns.
Retracement down to 200 , 157 and even 96 USD corresponding to 0.5 , 0.618 Golden Ration and 0.786 Retracement levels is very possible, I tried to show the probability of each possible Retracement with thickness of arrows with the thickest to be the most probable ( As I suppose ) and vice versa.
After completion of this primary degree wave 2 , there will be a huge up going wave which is primary degree wave 3 . This wave 3 will push the price up to at least 700 USD and even higher ( Very good news for long term investors ) depending on at which retracement level this boring correction phase ends. It is too soon to talk about this target we can update our targets in next years !
Please note this is a very long term prediction so, there will be lots of ups and downs and fluctuations in our path. What is happening on FB (META) is more than likely similar to whats happened for ETSY, SHOPIFY, SQ and many others in the market.
As I showed on the chart, this is what I see as the most probable scenario which means there are more optimistic scenarios. Mots probable more optimistic scenario is that FB ( META) is just correcting the wave cycle labeled as wave (5). As far as the stock is trading above 170 USD, this scenario is valid.
Hope this analysis to be helpful and wish you all the best.
META - Technical Analysis & GEX Insights - Feb. 13Technical Analysis:
* Trend Overview: Meta has been on an uptrend, pushing towards a key resistance zone.
* Support Levels: Immediate support at 712.5, with a stronger level near 690.
* Resistance Levels: Price is approaching 730, with the next major resistance near 740-750.
* Indicators:
* MACD: Positive momentum but showing signs of potential slowing down.
* Stochastic RSI: Overbought conditions, indicating a possible pullback or consolidation before another leg up.
* Volume: Increasing volume on bullish candles supports the upward move.
GEX & Option Flow Analysis:
* Call Walls:
* 730: 93.92% probability of resistance.
* 750: Highest positive NETGEX level, acting as a major resistance/gamma wall.
* Put Walls:
* 712.5: Weak support based on gamma exposure.
* 690: 11.67% put support, a stronger level to watch in case of a pullback.
* Market Sentiment:
* IVR: 8.8 (low implied volatility).
* IVx Average: 29.7 (slight decline).
* Call Ratio: 10%, indicating bullish sentiment but with caution.
Trading Plan:
* Bullish Scenario:
* A breakout above 730 could push toward 740-750.
* Entry on pullbacks near 712.5-715, targeting 740+.
* Bearish Scenario:
* If price rejects 730, a drop toward 712.5 or even 690 is possible.
* A break below 690 could trigger more downside.
Final Thoughts:
* META is bullish, but watch for rejection at 730.
* Scalpers: Trade momentum breakouts.
* Swing Traders: Look for retracements to enter long positions.
$META with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:META after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 73.33%.
