META trade ideas
META has a GAP down that hasn´t been filled yetThe Gap down made it before bearish moments, hasn´t been filled so I think after 245 area, we will have green light for more new bullish/long positions to the next target price!
META uptrendAll on the chart. META is sitting above EMA10, looking positive. Supports have been holding. Will follow the week and then zoom out to a weekly chart for a review.
#BA moving in EW3. Expect still bearish .#BA Daily chart bearish harami cross and rejected trendline.
#BA moving in EW3, so i still bearish #BA until it can re-test level 185-187$.
The last breathThis mini channel looks very weak. I think is going to break down, there is mayor resistance above and it doesn't look like wants to break it. I'll buy some puts tomorrow and see how it goes.
🎯 Trade Idea for $META:🎯 Trade Idea for NASDAQ:META :
With a strong rebound off the 9 day EMA 📈, wedge breakout 🔓, confirmed by the candle 🕯️, plus a 2-2-2u reversal in play on both daily and weekly charts 🔄.
📲 Calls to consider over $240.26.
🎯 Target prices at $241.75, $244.92.
📉 Puts to consider under $235.33.
🔻 Target down to $231.55.
Correction to $180 zone After completing an institutional buying module, which started since June 2022 and since we have closed a large segment that started since April 2022, I think it is very likely that a correction will start that will take us in a few weeks to the $180 price zone.
An entry below $230 with a stop at $245 which gives us a risk of 6.88% and with a possible profit run to $187 with a return of 18.6% is an r/r ratio position of 2.7, not bad.
META Update: Finishing Wave ((1)) of VMeta has made it to my target box for its wave ((1)). However, due to the MACD I still believe we have OMH to make before heading lower in wave ((2)). It's not required as this count can be considered complete. Either way, at this point you are trading for scraps and exposing yourself to a potentially big loss. The first drop of wave 2 is the A-wave which usually happens very fast and with little notice. I expect this wave ((2)) to take us to the 0.618-0.786 in the low 100's.
Bonam Fortunam,
--Tyler
KalaGhazi | Meta PlatformRise and shine!
Meta Platform has been performing really well in the past few months
Cup and HandlePrice is pulling back today but is still above the 50% mark.
Possible gap fill looming.
T1 and T2 have been met. Sometimes all we get is T1.
No recommendation
META SHORTI have 4 reasons we I am taking a short position on META:
- The timeframe I am using is Weekly, so the first indicator is the Moving Average of 200 days. As you can see on a chart we are trading right at 200 days MA line, we had our FED meeting, CPI numbers, and Earnings Report. There is really nothing left to move the stock up at this point. All the major companies are already reported their earnings so it is going to be hard to push up at this point. So first major resistance is 200 day MA line.
- RSI is also above 70 as of right now, remember I am using a weekly chart. Above 70 means it is telling us the stock is at the overbought level and it needs to cool down.
- MACD is also trading at an extremely high level above 20, it is rare to see a chart, especially on a weekly timeframe that is trading above 20 on the MACD level.
- Last reason is Fib Retracement because I am using a weekly chart I used retracement from an all-time high to a recent low. At this moment Meta is trading around 0.5 and facing resistance.
There you have it we have RSI, MACD, Fib Retracement, and 200-day MA indicating that there might be a big short movement coming up.
Cup and HandleMarket darling and I am not sure if it matters if growth is expected or if they miss earnings.
The markets seems to neglect negative data on some stocks and this is one of them.
C&H patterns are calculated using the depth of the cup. Cup low is 88.09 and the left side/also known as the sell side/ is 183.85.
No recommendation.
META has no dividend.
Sometimes we do things that have no rhyme nor reason, but it cranks our tractor so we do it (o;
EPS (FWD)
9.64
PE (FWD)
21.31
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
1.30%
Market Cap
$532.40B
META levels for options tradingMETA daily and hourly
Holding the 9EMA pretty well on the daily and consolidating in a tight range. watching this little pattern on the hourly ping pong back and forth. I have eyes on 236-237 as a resistance and 230 zone as support. Watching for which side breaks first, until then can trade the range in between.
Meta to 190$ Meta reached the top of the trend line about to get rejected. Watching it to retrace back to 30day SMA to break down from rising wedge.
The importance of focusing on a company's competitive advantageWarren Buffett : "The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."
This quote from Warren Buffett, emphasizes the importance of focusing on a company's competitive advantage when making investment decisions. According to Buffett, the key to successful investing is not simply identifying industries or companies that are poised for growth or societal impact, but rather understanding the unique advantages that a particular company possesses and how sustainable those advantages are over the long term.
Stock #5 Meta Platforms (META)
As the first stock selected since the beginning of 2023, according to the first stock of our GrowthGurus plan, and the previous stock selection style, our analyst team for the first stock is mainly the main stocks in the major sectors. , and as one of the main forces in the large-cap stocks, META itself also has a high weight in the NDX100. META (formerly Facebook), as one of the technology giants, is also one of the largest social media companies in the world. One, Meta has billions of users and advertisers, and its business is spread all over the world. As a leading social media company, Meta has a wide range of users and business values.
In the first quarter of 2023, it will be the spring of the technology stock sector. As a big blue chip stock, META has risen by 157.64% in the past six months, followed by Microsoft and Google, which have reached 42% and 23% respectively. Yield, but nowhere near META.
After META experienced a sharp drop in market value after failing to enter the Metaverse in 2022, it relied on its own strong capital strength to stop the decline, and showed signs of rebound in January 2022.
After META made business and strategic adjustments in Q4 of 2022, resulting in Facilities Consolidation, such as subletting, terminating and abandoning operating leased office buildings, and after undergoing major layoffs, the company's cost expenditure level was significantly reduced, and market investment Investor sentiment began to pull back, and stock prices clearly began to recover.
From a technical point of view, META already had a complete oscillating downward channel in the early stage, and then the price was in a bullish flag shape after touching the lower track of the channel. Before that, you can see it on the Conversion Line under the cloud in Ichimuko Crossing the Base Line gave a strong cross bullish signal, and on January 3, the cloud chart signal began to reverse and made a clear bullish signal. After that, the price clearly broke through the cloud layer and began to run above the cloud, and the K-line pattern also broke the previous one. The downward oscillating channel, and covered a gap in the previous period, so we combined the above factors and finally entered the market on January 3 to place long orders.
By May, our long position has achieved a maximum return of 98.04%. The medium-term goal is to see T1. The reason is to wait for the price to fill the gap for the first time in 2022, and we can assume that the current trend is an upward triangle. From Ichimuko's point of view, the price still has upward momentum in the short term, and the cloud supports us in the position of S1. R1 is very important as a watershed between long and short.
Generally speaking, the MACD indicator has shown a reduction in kinetic energy, and is about to give a bearish cross signal at the daily level, and the RSI indicator has also shown an oversold signal, so in the next time, there are positions in META Friends can continue to pay attention to the market signals given by the GrowthGurus analyst team. Next, our analyst team will continue to pay close attention to this stock and give trading signals as soon as possible to ensure that everyone can cash out at the highest point possible. leave.
The END of a 6-months rally?META, after an excellent 6 months of growth, the price stopped at a very strong resistance - KIJUN Q1 and MN1, as well as old peaks/highs.
The rebound may continue until the next strong support - KIJUN W1 and the 186 level (peaks/highs).
meta updateI have kept this idea on the long side for just 3-4 days and then meta should fall. That decline will be a major one. so be careful while trading this stock on the long side. All the best.
META - On My Shorting RadarMeta is looking interesting .
Daily log scale
I think there is a nice shorting opportunity setting up.
I will proceed with caution as this stock is in a strong sector and there is strong upside momentum behind this move. Overhead and underneath gaps will likely fill. My path projection to fill these gaps are illustrated in red.
I have no immediate urgency to short this although as the chart suggests it could set-up very soon.
Will update...stay tuned.
$META Short/Put - $221 is a Magnet - Round #2The fact that this company rallied on such a weak earnings report was a total scam pump. We saw other companies post better earnings and get hammered. We should see some partnerships between META and MSFT this coming year which will help revenue long term. For now, I'm a total bear on this stock...
