MSFT wont break overRemember me as the wizard who predicted the dump right before it happend. With a swing of my staff I've predicted the big MSFT fall :)
META trade ideas
I am looking for a potential short here on META.As you can see here, we are not only approaching a supply zone on the daily chart for NASDAQ:META but we are also riding this trendline. I will look for a break of the trendline and enter a short swing. Remember, always risk what you are willing to lose. Thank you as always reading my analysis. God bless you.
Meta Platforms (META) Will Break Out to New All-Time HighsThe company’s financials are also impressive, as it reported a revenue of $126.96 billion and a net income of $29.73 billion for the fiscal year 2022, representing a year-over-year growth of 10.6% and 24.8%, respectively. The company also has a healthy balance sheet, with $64.08 billion in cash and equivalents and $12.54 billion in total debt as of September 30, 2023. The company’s earnings per share (EPS) for the trailing twelve months (TTM) was $11.33, giving it a price-to-earnings (PE) ratio of 32.73, which is lower than the industry average of 37.62. The company’s forward PE ratio, based on the estimated EPS for the next year, is 20.20, which is also lower than the industry average of 25.63.
Bearish METAWe can see a formation of a double top and that is a bearish signal to me. some other factors im seeing are a bearish RSI divergence so theoretically it should have a pull back soon. Im nibbling a bit and shorting some meta.
META
On the 15-minute chart, META recently touched the 200 EMA and rebounded, with the MACD indicating a potential shift to positive territory. It seems the market is currently absorbing bullish premiums, and just before closing, there might be an effort to burn bear premiums as well. Caution is advised in the current market conditions. My target is still 380.
Navigating the Surging Tide and Unleashing Growth Potential
Industry Meta Platforms, the parent company of Facebook, has been making waves, with its stock surging an impressive 194% last year.
I. Unleashing Revenue Potential:
Meta's fiscal year 2024 consensus revenue growth of 13% appears conservative. There are several factors that could drive Meta's revenue beyond expectations, including product improvements, increased engagement through AI content distribution, and a rising demand from Chinese advertisers. The firm's optimistic target implies a 31% upside from Meta's recent closing price, making it one of the most bullish estimates on Wall Street.
II. Operational Efficiency and Cost-Cutting:
Meta's surge in the previous year was not solely fueled by market dynamics but also by strategic decisions to enhance operational efficiency. CEO Mark Zuckerberg dubbed it the "Year of Efficiency," and the results are reflected in the company's estimated operating expenses for 2024, ranging from $94 to $99 billion, compared to the $88 billion estimated for 2023.
III. The WhatsApp Advantage:
The use of WhatsApp and artificial intelligence as a game-changer for Meta. With more than 2 billion users, WhatsApp represents a significant potential catalyst for the company. Automating customer service through AI on WhatsApp could incrementally increase Meta's revenue base by a third over time.
IV. Technical Outlook:
From a technical standpoint, Meta Platforms has broken through the ceiling of its rising trend channel, signaling a potentially stronger rising rate. While short-term corrections are possible,
Conclusion:
In summary, Meta Platforms appears to be on the cusp of a transformative period, with buyers bullish on the stock. The combination of revenue-driving factors, operational efficiency measures, and the untapped potential of WhatsApp positions NASDAQ:META for a compelling future. Investors should keep a close eye on Meta Platforms as it navigates the tech landscape, potentially unlocking value beyond current market expectations.
META Looking to End Impulsive Rally Wave (5)Short-term Elliott Wave View in Meta shows an ending diagonal rally from 10.23.2023 low. Up from 10.23.2023 low, wave (1) ended at 342.92 and pullback in wave (2) ended at 313.66. The stock rallies again in wave (3) towards 361.90 and dips in wave (4) ended at 340.01. Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure as the 45 minutes chart below shows.
Down from wave (3), wave ((a)) ended at 357.81 and wave ((b)) ended at 360. Wave ((c)) lower ended at 351.82 which completed wave W. Rally in wave X ended at 355.32. Down from there, wave ((a)) ended at 349.75 and wave ((b)) ended at 354. Wave ((c)) lower ended at 340.05 which completed wave Y of (4). The stock has turned higher in wave (5). Up from wave (4), wave ((i)) ended at 348.15 and wave ((ii)) ended at 344.16. Wave ((iii)) higher ended at 360.64. Expect pullback in wave ((iv)) followed by another leg higher in wave ((v)) to complete wave 1. Afterwards, stock should pullback in wave 2 to correct cycle from 1.2.2024 low in 3, 7, or 11 swing before it resumes higher.
META at the end of a running correction. Massive breakout soon.Since February of last year, Meta has been in an upward impulse pattern with Wave 4 in a prolonged running double three. The last segment of Wave 4 is a running triangle with its apex very close to the February 1 earnings report. If this pattern is correct, Wave 5 should extend either at the 161.8% or 261.8% Fibonacci level which is between ($870-1,400) respectively. The time target is less certain but I’m estimating that it will be 161.8% of the time taken by Wave 3, putting the target date in the last week of March.
META Retest of 2021 All Time High?Pulled back to 21EMA value zone last week, and reversed to close the week bullish.
Bullish MACD and Force Index Divergences point to upside potential in the week ahead.
Croc done Ate M3T4...As we are coming out of a constructed bearish outlook of 2024, I think we may be sold a "all time highs" dream once more.
Meta will partake in this rally but once reached the top jaw..... we will begin to chomp down.
I was so bored I decided to make this lowkey.
Initiate Short META@mchuac88 High correlation and R2. Vixfix turning dark blue and starting to point up
meta next to comemeta has alot bearish divergence grow buyers are getting weak sellers step in it could make a twist fall and come tumbling back down over the next few weeks - months
Short $META at $350 down to $81 targetLike many of the other tech stocks META looks extended here.
I could see one more move up into the $350 region, and if it hits there, I think that sets up a good short opportunity.
Lots of people saying we're starting a new bull trend, but what makes me think that's not true?
In a bull trend, you see a slow rise up, not a 300% bounce in a year. That indicates to me that this move has been corrective and not impulsive.
I think we're nearing a top and once we hit it, I think it'll be a fast decline down to the $81 target on the chart.
I'll be playing this move through options w/ expiry into late 2024/early 2025
$META Finds Strength at Key Support Amidst $SPY, $QQQ DownturnIn today's trading session, we witnessed a significant divergence in market behavior. While AMEX:SPY and NASDAQ:QQQ experienced notable downturns, NASDAQ:META demonstrated resilience by adhering to a crucial support zone. This is further emphasized by its rebound off the bottom of the current uptrend channel, forming a 2-1-2u reversal pattern. This pattern could be indicative of a potential shift in market sentiment, especially with the upcoming NFP data release. Traders should keep a close watch on NASDAQ:META for possible trend continuation or reversal signals. Chart attached for detailed analysis.
META Platforms - Chart Study - 1 HR TFReason the price drop:
Clear divergence on 1HR time frame. Candles were printing the higher high's while the RSI indicator started printing divergence, which caused the price drop from $361 to $340.
METAMETA seems to have reach wave 3 and a correction is due in the short term.
Attached the prediction of next move.
My opinion.
Meta - Buy The DipHello Traders, welcome to today's analysis of Meta Platforms.
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Explanation of my chart analysis:
During 2022 Meta Platforms declined massively and dropped more than -70% all the way down to the previous support at the psychological $100 level. From there we saw a pump of more than 250% after which we could now see a short term pullback followed by new all time highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
$META target short $308I asked on Tuesday what stock might be an easy $1,000 profit with an option, and dowsing took me to META. I wasn't sure it would start up right away, but it's going lower yesterday and again today.
The intuition target is 308 (I clearly "saw" 08). My dowsing also gave me the 8 number twice, but first stalled around 17 and then 11, so those may be a little bouncy, or something else I'm not aware of.
The other thing to be aware of for META and indexes is the date around the 6-7th. I think mainly the 6th. Those keep coming in for all kinds of other names as well and could be a reversal day.
Meta Update: Ending Diagonal Forming?Another day, another ticker update. As I said in my last post, this rise is coming to an end. Most of the time when an ending diagonal forms, you don't know it until you are towards the end of wave 3 or in wave 4. They just appear corrective in nature vs. impulsive. That being said. If this is the correct count, then we should start a retrace for 4 soon. I would expect it to be a 3-wave move that slightly overlaps wave 2 before making a 3-wave move higher to finish wave 5 of (5) of ((1)).
As of now we are still on neg div. indicating this primary move up is running on fumes. You may notice I talk about MACD ALOT. This is because it is the single most important indicator out there IMHO. It is also the only indicator I primarily use. The RSI and volume indicators are helpful sometimes too but are usually just noise to me.
If you have any questions let me know. I will post on Meta weekly or so until sometime in the 1st quarter of 24'. Also, many people view my every post but not many boost them. The best way to reach as many people as I can is through y'all. If you find these posts helpful please boost them to help spread the word. Thanks, and God bless every one of you!!
Meta Platforms Weekly ChartMeta Platforms Weekly Chart
Meta Platforms (META) presents a compelling case as a growth stock, though it's not without its complexities. Here's a breakdown:
Growth Drivers:
Dominant Social Media Presence: Meta owns behemoths like Facebook, Instagram, and WhatsApp, boasting over 3 billion monthly active users across its family of apps. This vast user base translates to substantial ad revenue and engagement opportunities.
Monetization Potential: Meta constantly innovates in digital advertising formats, leveraging user data and AI to target ads effectively. This, coupled with its massive reach, unlocks significant revenue growth potential.
Metaverse Push: Meta is heavily invested in building the metaverse, the next chapter of the internet. Its VR/AR hardware (Oculus) and software initiatives (Horizon Worlds) aim to capture a sizable share of this nascent market.
Emerging Markets: Meta actively expands into developing markets, where internet penetration and social media adoption are rapidly growing. This fuels user base and revenue expansion.
