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 Longby ContraryTrader2210
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.by BullBearInsights115
$META $562.50 needs to holdMETA - stock held $563.50 previous support level. looking for puts if level breaks. Stock is bullish if $575 breaks for a move towards $600 and higher. Stock has gap to fill to the downside from $550 to $538.90. Stock is weak on indicators. could pull lower is support breaks. by TheStockTraderHub111
$META Falling wedge.NASDAQ:META Falling wedge into the support. Now bouncing off that level. Would be interesting above 583.95$. Longby Scorpion201
Oil gold silver dxy Natural Gas10.21.24 Natural Gas has triggered a long trade with a 2 bar reversal going higher after it closed to a low on Friday and then had bullish price action over the weekend. if you look closely at this time you'll see that there's a two-bar reversal going lower at the time of this video.. so you want to stay with this Market with a stop below today's initial low... so if I were long at the 2 bar reversal going higher I would stick with this and not stop and reverse.28:04by ScottBogatin6
Short, target 549.26Following daily chart. Last 5 days closed red and it's under fibo level again, also under EMA13 level. I am also following some different RSI levels and they're all tell me it's losing power a lot. So, my target is %50 pull pack In total, which is 549.25, also which is still above important resistance levels. Above 598, I'd stop. Thoughts? Shortby omurden2
$META Trade ideaNice looking chart. Clean pattern. looking for break. could work either ways!by Scorpion200
META ATH OR PULLBACKmeta target for earnings we either hit ATH again getting above 600. Target to the downside 541.80 by MarketMechanic244
PRICE TOPPING OUT SOON (BETWEEN 628/686 LEVELS)Price action has made two important gaps in the current bull campaign First gap occurred between 248 and 289 price levels Second gap between 410 and 452 levels The gap ranges give a clue of the expanding sequence and puts the next range between 628 and 686 levels preferably as a top. From the origin in May 2012 to the August 2021 high we made 486 weeks advance and 366.78 points between the primary low 17.55 and the high at 384.33. The data produces a time sequence ( 0 - 486 - 658/686 - 742/765) weeks as time markers Price sequence = (0 - +366/386 - +628/686) points. Currently price is reaching the 600 mark and time at 648 weeks, a convergence around the 658/686 sequence for both price and time. We expect price to top within this range for a multi-year correction. Trade safe, good luckby Fairmont-Markets4
META - Doors Wide Open For Risk On As I covered in the weekend video, with S&P leading up and away, it would appear to be a very good moment to top up on some giant stocks. META looks very nice in this area. It has completed a 3 wave correction and it would appear the next wave up is underway. This is also in consideration that there has been 0 negative reaction to the FED "jumbo sized" interest rate cut. It has only been positive and there was no whipsaw. This tells us that the biggest money had already made their moves. It would appear that the doors are wide open for risk on. And it would appear a great moment to hop onto some trending stocks such as META here 👍 Longby dRends353
Meta: Top Placed!In line with our primary assumption, META recently reached the resistance line at $600.27. The upward movement paused at this level, and we now expect a short-term wave C decline, pushing the price below the support at $399. However, we also see an increased likelihood (39%) of a higher high for the green wave alt.(1). This alternative scenario will be quickly triggered if the price breaks above the $600.27 markShortby MarketIntel3
Meta (META) Testing Key Levels: Breakout or Breakdown? Evening Traders Meta (META) is currently trading in a key range, and the next move could be significant! 📊 Upside Potential: If META breaks above the critical resistance at $596, we could see a rally toward the next target of $600.44. 📈 Bulls should watch for momentum above this level as a potential breakout zone. Downside Risk: A failure to hold the current support at $582.99 could see META retrace toward the next major support at $569.35. 📉 Bears will be eyeing a break below this level for further downside action. Stay alert for a strong move in either direction! This chart is loaded with opportunities for both bulls and bears. 🔥 Mindbloome Trader Happy Trading :) by Mindbloome-Trading0
META AND EARNINGS, WHAT IS IMPORTANT FOR PRICE?I added some drawing lines to show essentially what a move could look like that takes meta higher, and just as easy, earnings could be the a drop that goes below 400. So price targets are marked. There is a big area in price here where the move to the upside could be pretty decent. I have a few charts for meta however this one is the most likely outcome. Former rejection lines are now support. META could easily see 900 levels. META could easily see 300 levels. Timing isn't really important here. Watch for a BIG earnings drop. Otherwise if we catch support, it could easily spring up. Again, I know this isn't really an answer for exact price. However, the trends are important, and we could easily see something happen here as indicators reset, projection has right around earnings. Good luck!by nicktussing770
META short term trade ideaNASDAQ:META - nice wedge. Breaking out. Need more volume. Might work sometime next week. ***NOT A FINANCIAL ADVICE ***Longby Scorpion201
Elliottwave Double Correction in META Provide Buying OpportunityShort Term Elliott Wave View in META suggests that rally from 7.25.2024 low is in progress as an impulsive structure. Up from 7.25.2024 low, wave (1) ended at 544.23. Wave (2) pullback ended at 495.51 as the 1 hour chart below shows. Up from there, the stock extended higher in wave ((3)) as an impulse. Wave 1 of (3) ended at 527.94 and pullback in wave 2 of (3) ended at 517.11. Stock extends higher again in wave 3 of (3) towards 583.04 and wave 4 of ((3)) ended at 566.4. Final leg wave 5 ended at 602.95 which completed wave (3). Wave (4) pullback is currently in progress as a double three Elliott Wave structure. Down from wave 93), wave W ended at 581.61 and rally in wave X ended at 592.18. Expect Wave Y to extend lower towards 100% – 161.8% Fibonacci extension of wave W. This area comes at 557.7 – 579.8 where wave Y of (4) should end. From this area, the stock should resume higher again or at least rally in 3 waves. Near term, as far as pivot at 495.51 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast1
META is approaching the all-time high.NASDAQ:META has been consolidating under $545 for several months and is starting to trade towards the top of the range. If it can confirm and build above its all-time high, there is significant space on the daily chart for it to go higher. Longby DMT_DoctorUpdated 6
$META Trade Update This is just a follow up to the previous NASDAQ:META setup I posted yesterday. Please watch video for additional commentary. 00:58by Solidified1
$META Wedge Breakout Setup with Key Targets AheadNASDAQ:META is attempting a wedge breakout on the session hourly, with a candle confirmation above the 9-EMA. If the breakout holds, our first target is a retest of $594.24. Should we break that, we’re looking at a potential retest of the all-time high (ATH) at $602.90. However, if the breakout fails, we could see a retest of key support levels at $588.36 and $583.14. On the daily chart, we’re seeing a hammer candle after retesting support, alongside a 2-1-3 pattern that could signal continued momentum.Long04:28by Solidified1
META Technical Analysis (1-Hour Chart)Current Price: ~$582.80 Resistance Levels: First Resistance: $584.40 - This level is critical to watch for short-term rejection or breakout, as it aligns with the recent high. Second Resistance: $602.90 - If price action breaks through $584.40, META could test this level as an upside target. Support Levels: First Support: $581.18 - META is trading just above this level. If it holds, it could provide a solid base for a bounce. Second Support: $566.36 - A break below $581.18 could lead to a drop towards this level, especially if selling pressure increases. Third Support: $554.12 - Major support zone. If META falls below $566.36, expect a test here. Trend & Pattern: META seems to be in a rising wedge pattern, typically a bearish formation that could lead to a breakdown. The price action shows a pullback after hitting resistance, suggesting a potential retest of lower support levels. However, if the price breaks above the wedge's resistance line, it could invalidate the bearish pattern. MACD Indicator: The MACD appears to show a bearish crossover, which could signal further downside pressure in the near term. However, if it reverses near support, it could indicate a potential bounce. Volume: Volume appears to be decreasing slightly, which could either indicate consolidation or a pause before a bigger move. Pay attention to volume spikes tomorrow for clearer direction. Potential Trade Ideas: Bullish Scenario: If META holds above $581.18 and breaks above $584.40 with strong volume, consider a long position targeting $590.00 or higher, with a potential upside to $602.90 if momentum continues. Bearish Scenario: If META breaks below $581.18, consider a short position targeting the next support level at $566.36. A drop below $566 could signal further weakness down to $554.12. Make sure to keep an eye on volume and momentum tomorrow for clearer direction. This wedge pattern and key levels will be critical to watch. This analysis is for educational purposes only and is not financial advice. Please do your own research before making any trading decisions.by BullBearInsights1
META SELL++++ Meta is way overbought here on the daily chart and due a pullback. First target is $562.47 Second is $541.16 where we have strong support and a gap to be filledShortby ShortSeller76Updated 8
META Keeps Climbing: Don't Miss Out!NASDAQ:META 1-Hour Analysis and Trade Signal Oscillators Overview: Relative Strength Index (RSI) (14): 71.87 (Neutral): RSI is in the overbought territory, indicating potential price exhaustion but with room for some more upside. Stochastic %K (14, 3, 3): 88.47 (Neutral): Also approaching overbought conditions but still neutral, suggesting caution. Commodity Channel Index (CCI) (20): 197.12 (Neutral): High CCI indicates strong bullish momentum, but it is a signal to be cautious as it might be overextended. Momentum (10): 12.07 (Buy): Positive momentum suggests a continuation of the upward move. MACD Level (12, 26): 3.12 (Buy): The bullish MACD crossover reinforces the current uptrend. Moving Averages: All major moving averages are signaling Buy, showing a clear upward trend in the 1-hour time frame. Exponential Moving Average (10): 579.83 (Buy) Simple Moving Average (10): 578.67 (Buy) Exponential Moving Average (50): 571.34 (Buy) Exponential Moving Average (200): 545.93 (Buy) The price is currently above all key moving averages, confirming a strong bullish trend. The Hull Moving Average (9) at 583.82 is also signaling continued upside momentum, which suggests potential for higher price movement in the short term. Key Observations: The RSI and Stochastic %K being close to overbought levels suggest caution but don’t signal a reversal yet. Momentum and MACD indicators are strongly bullish, supporting the idea of a continued rally. Price action is well-supported by both short-term and long-term moving averages, providing a solid bullish structure. Signal: This setup offers a favorable risk/reward ratio, with strong bullish momentum and price support from moving averages. The indicators suggest that the trend can continue upward, but traders should be cautious as some oscillators are nearing overbought territory. Disclaimer: This post is for informational purposes only and does not constitute financial advice. Trading stocks involves high risk. Please conduct your own research before making any trading decisions. Longby CF_444Updated 0