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META trade ideas

Meta Platforms Set for Explosive Breakout or Major Pullback $Meta Platforms, Inc. (META) closed at $467.78 on May 22, showing a slight increase of 0.68% from the previous close. The current pre-market price is $472.05, indicating bullish sentiment as we approach the trading day. Analyzing the daily candlestick chart, the stock has been trading within a range, exhibiting consolidation around the $460-$480 levels after a significant uptrend observed from January to March 2024. The 10-day EMA ($469.13) and the 10-day SMA ($471.94) are currently indicating a sell signal. The longer-term EMAs (100-day and 200-day) at $450.46 and $400.15 respectively, are indicating a buy signal, reflecting the overall bullish trend in the longer timeframe. The volume analysis shows an average trading volume of 17.84 million over the past 30 days, with the latest trading day volume at 10.08 million. This indicates lower participation compared to the average, which could suggest either consolidation or potential accumulation. The price is currently trading above the Ichimoku Cloud, which suggests bullish conditions in the longer term. However, the cloud's leading span is starting to thin out, indicating possible future volatility and a need for caution. Long Position: Entry: Consider entering a long position if the price breaks above $480 with strong volume. This breakout would signify a continuation of the bullish trend. Price Target: $520 (based on the previous high and projected bullish momentum). Stop Loss: $455 (just below the current consolidation range). Short Position: Entry: Consider entering a short position if the price drops below $455 with increasing volume. This would indicate a potential reversal or deeper correction. Price Target: $420 (near the 100-day EMA). Stop Loss: $480 (to mitigate risk if the price reverses to bullish trend). Given the current technical setup and market conditions, Meta Platforms, Inc. has the potential to reach $520 within the next quarter if bullish momentum continues. However, if bearish pressure prevails, a decline to $420 is possible, providing a key support level based on historical price action and moving average supports. Meta Platforms, Inc. presents a nuanced trading scenario with both bullish and bearish indicators. Traders should closely monitor the breakout or breakdown levels mentioned above and adjust their strategies accordingly. The mixed signals suggest the need for a vigilant approach, balancing the potential for gains with disciplined risk management strategies.
NASDAQ:META
by AxiomEx
META New rally to $800 started.Meta Platforms (META) is consolidating within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) only 3 weeks after it touched the bottom (Higher Lows trend-line) of the 1-year Channel Up. This is the start of the new Bullish Leg of the pattern, half-way through the accumulation process. Once the 1D RSI breaks above its Lower Highs trend-line, we will have a bullish confirmation signal similar to October 06 2023. Our Target is $800.00, which represents a +95% rise, similar to both previous Bullish Legs of the Channel Up. ------------------------------------------------------------------------------- ** 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
8
META x10 to $1600Meta has fully recovered from its 2022 losses, which occurred when investors panicked and sold off shares due to concerns over Zuckerberg's heavy spending on the Metaverse. The swift V-shaped recovery has transformed Meta into a momentum stock. From a technical perspective, it has the potential to double in value compared to its previous losses. So, what are the fundamental reasons behind a potential 10x increase? While investors were panic selling over PS2-style graphics, they overlooked what was powering Meta's vision. Meta boasts a substantial arsenal of over 600,000 H100 AI chips, far surpassing any other company in the tech industry. For context, Tesla only has around 35,000 H100 AI chips, Google has 76K and Microsoft just over 150k. Most of Meta's chips were acquired before the AI boom, and its ongoing orders position it to lead in building out a robust AI infrastructure. If you're betting on the second generation of AI, it is then crucial to consider who has the most resources. Investors are beginning to recognize that Zuckerberg is a visionary CEO are getting behind him.
NASDAQ:METALong
by Macro-Traders-Strategies
2
Test of 427 at Least (final TGR pt. 5)Loading July puts in the price range 460-485. I will continue to accumulate puts in this zone until either of the 2 scenarios below occurs: 1) If price drops below 460 at any point 2) If price is still in this zone on 5/14 (next Tuesday) If either of these occur my position will be complete. Main/primary forecast: - Reversal begins tomorrow 5/9, initial target is a break below 460 by 5/10 - Goal target = 427 by 5/17 Alt. forecast : - META takes until 5/15 to break below 460 -Goal target = 427 by 5/31/2024 Stop Loss = close above 485 Not Fin. advice -------------------------------------------------------------------------------------------------------------------- This is my last prediction for now in The Goat Returns series (a set of bearish ideas for the expected market drop over the coming weeks). The other ideas in the series are linked below.
NASDAQ:METAShort
by JerryManders
11
Meta Platforms 33-Days Cyclical price patternThere are many ways to make money with stocks. You can buy well-managed companies with growing earnings, hold them for years and watch the stock prices rise as the company succeeds. This conservative investing style sometimes rewards investors with huge long-term gains. For example, early investors in Microsoft or Bitcoin saw their investments grow MultiX in a decade. This is what patient long-term investors dream about. But more often buy-and-hold investors don't hit the jackpot; rather they realize more modest returns. Another investing style is to trade stocks very frequently with the help of computer programs that buy and sell shares of selected companies. Here traders make small profits or losses on many trades minute after minute. If you like lots of action while you're glued to a computer screen, this investing style might be for you. Cyclical Price Pattern - An Opportunity to Make Money And then there is every imaginable money making scheme that falls between the above two styles. You can buy mutual funds, exchange-traded funds, index funds, buy and sell individual stocks, time the market, buy on margin, sell short, buy and sell options, reinvest dividends, or some other variation on the theme. Talk with fellow investors and everyone has their own tailor-made approach to investing. This article is about one investing style - buying and hold Meta Platforms (META) shares using Cyclical price pattern. It's a style that I use and I know it makes money. Buying cyclical stocks for a profit at certain points is a huge challenge but with commitment, multi-year trading experience and the proper technical tools you can consistently make money over your investing career. Cyclical price pattern is very simple to understand. A single cycle has an upside during which prices rise to a peak and a downside or cooling off when prices fall to a bottom. Based on this cyclical price pattern, I expect further upside price action in Meta Platforms stock, somewhere until National Unicorn Day. Days to go: 33.
NASDAQ:META
by Pandorra
Meta Stock Could Reach $520 by July 2024 Earnings ReportNASDAQ:META Why Meta Stock Could Reach $520 by July 2024 Earnings Report Meta Platforms, Inc., formerly known as Facebook, has been making significant strides in its business operations, which could potentially drive its stock price to $520 by the time of its July 2024 earnings report. Here are some key reasons: 1. Strong Performance in Q1 2024 Meta reported a robust first quarter in 2024, with revenue soaring 27% to $36.4 billion compared to the same period last year1. Net income also saw a substantial increase of 117% to $12.4 billion. This strong financial performance indicates a healthy growth trajectory for the company. 2. Significant Investment in AI CEO Mark Zuckerberg has announced plans for significant investment in artificial intelligence2. While this initially caused a 12% slump in the META stock price, it’s a strategic long-term investment that could potentially drive future growth and profitability. 3. Positive Stock Forecasts Analysts have made positive predictions about Meta’s stock price. For instance, WalletInvestor forecasts a price of $517.58, while TipRanks predicts a price of $547.45. These predictions suggest a potential for the stock price to reach $520. 4. Expected Growth in Q2 2024 Meta’s CFO has projected total revenue for Q2 2024 to be in the range of $36.5-39 billion. This expected growth could further boost investor confidence and drive up the stock price. 5. Long-Term Growth Potential Meta has demonstrated a long-term growth potential, with its stock price rising 110% from $209.40 to $441.38 in the 12 months leading up to April 25, 2024. This trend suggests that the company has the potential to reach the $520 mark by July 2024.
NASDAQ:METALong
by NYRUNSGLOBAL
META GAP AREAOn a 1-hour time frame, observing Meta's price action gap involves noting sudden shifts in opening and closing prices between consecutive candlesticks. This discontinuity signals significant changes in market sentiment and supply-demand dynamics. Traders interpret bullish gaps as positive sentiment and increased buying pressure, while bearish gaps signify negativity and heightened selling pressure. Volume confirmation strengthens the analysis, guiding traders in potential entry or exit points. Effective risk management, including stop-loss orders and proper position sizing, is crucial for mitigating losses.
NASDAQ:META
by MindOverMarket
Meta Platforms, Inc.Meta Platforms' stock price sits at $443.29, with a recent sharp downturn in the backdrop where shares plunged 10.6%. This movement reflects the market's knee-jerk reaction to an unforeseen catalyst, necessitating a deeper dive into the technicals to ascertain the next potential move. Fibonacci Retracements: The stock's rebound from the low of $414.50 aligns with the Fibonacci support level at 0.618, suggesting a natural buying zone. Traders should note the price's interaction with the 0.236 Fibonacci retracement level at $448.39, a breach of which may signal an upward trajectory toward the $446.43 zone, aligning with the recent peak. EMA Analysis: The Exponential Moving Averages (EMA) reveal a bearish crossover, with the 20-day EMA ($452.36) descending through the 50-day ($470.84) and 100-day ($484.18) EMAs. A watchful eye on these levels is critical, as a break above the 20-day EMA may invalidate the bearish signal, possibly propelling the price to the $450 resistance zone. Ichimoku Cloud: The Ichimoku Cloud presents a bearish outlook, with the price trading beneath the cloud. A potential bullish reversal is contingent upon the price eclipsing the cloud, positioned around $462.25, which could introduce a bullish bias. Pivot Points: Utilizing traditional pivot points, we detect immediate resistance at the monthly pivot line (P) at $513.27. The R1 and R2 resistance levels sit at $526.99 and $542.09, respectively. Support levels S1 at $501.30 and S2 at $490.71 should be monitored as potential areas for re-entry on pullbacks. Technical Indicators: RSI: The Relative Strength Index hovers around 36.79, indicating a potential oversold condition, which could prelude a price recovery. MACD: The Moving Average Convergence Divergence trends upward with the histogram reflecting increasing bullish momentum. Stochastic: The Stochastic indicator is neutral, suggesting that the stock is neither overbought nor oversold at current levels. OBV: The On-Balance Volume shows significant buying volume, possibly foreshadowing an upcoming rally. Volume Analysis: The volume spike on the recent sell-off is notable. Should the volume sustain above average with price recovery, it may validate the conviction behind the rebound. Price Prediction: We speculate a rebound target of $450 in the short term, should the stock maintain above the critical Fibonacci level. For a more extended play, the next target aligns with the 0.236 retracement at $448.39, with an ambitious target of $446.43, corresponding to recent highs. Trading Strategy: Entry: Consider long positions if the stock holds above the 0.618 Fibonacci level ($442.70), or on a breakout above the $448.39 level with substantial volume. Exit: Traders may look to take profits at $450, with a secondary target at the recent high of $446.43. A stop-loss should be placed below the recent swing low around $414.50 to mitigate risk. Risk Consideration: Given the recent plunge, caution is warranted. Traders should be prepared for volatility, particularly with the next earnings report 88 days away. Fundamental aspects such as the company's P/E ratio of 25.35 and a modest dividend yield of 0.11% should factor into the overall analysis. In summary, Meta Platforms presents a nuanced opportunity for technical traders. The recent price action juxtaposed with solid buying volume and oversold conditions lays the groundwork for potential upside. However, confirmation of trend reversal through technical indicator alignment is key to validating these speculative targets. Caveat: All speculation must be tempered with prudent risk management, and traders should adjust positions in light of unfolding market dynamics and broader economic indicators.
NASDAQ:META
by AxiomEx
Wyckoff Distribution for META Elliot wave some gap that might be "runway gap" and "exhaustion gap" But there are momentum divergence shown so it more likely to be "exhaustion gap" for sentiment analysis CEO of this company is selling all the way with 0 buying activity for 12 months straight I have little worry about about upthrust that can touch SL so I have to set SL quite far also yesterday have every high volume rejection candlestick | I use it and OBV divergence as confirmation to short selling META with RR=2
NASDAQ:METAShort
by tofinse