MetaPullback here after completing double bottom. Gap closed at 322 , mission accomplished! Look for a pullback to 310 before heading higher.. Mid support at 317. So your short targets would be 317 then 310.. Stop loss over 326.00Shortby ContraryTraderUpdated 101024
META has the potential for an EPIC failThe squeeze to the upside was phenomenal! But in my view, they over-pumped it - who ever it was... The white Center-Line provided good support when price failed at the GAP/Resistance Zone. this zone is built just with the range of the GAP-Bar. After the CL support, meta reached the another temporary high at the orange CL, bounce back to the white CL again and once more got pumped up to the orange CL/GAP/Resistance zone, where it hangs out now. Of course; If I had the money to move markets, I would want my Stock to be as high as possible to a) unload and b)short it for a Double-Whammy. The huge divergence with price and RSI speaks for it self. I know that I know NOTHING. But I know what I can "Project" into the future. It's good to be prepared, also for a move in the opposite direction, which is Up Up and away. That means, if I short, my risk is small. No need to be a Hero and win a T-Shirt for putting myself at risk to loose my House, Cats & Dogs. I am fully aware, that price is currently ABOVE the white CL and no lower low is broken yet. That's what makes a short so difficult. Peace4TheWorld!Shortby Tr8dingN3rd6
(META) is showing extremely high implied volatility Meta Platforms (META) is showing extremely high implied volatility in the lead-up to its earnings announcement on Wednesday. There is also significant volatility skew, with short-term options showing much higher implied volatility than long-term options. One way to take advantage of this skew is via a diagonal put spread. This option strategy is an advanced strategy because it utilizes options over different expiration periods and different strike prices. e risk on the trade is on the downside, with a potential maximum loss of $995. This is calculated by taking the difference in the spread (10) multiplied by 100 and factoring in the cost (5). The maximum potential gain is around $1,035. It would occur if Meta stock closes right at 300 on Oct. 27. The trade has a nice profit zone between 280 and 370. If Meta stock stays between these values, the trade should do well. The main risk is if the stock drops below 280.Longby DEXWireNews1
Potential double-top ahead of earningsMeta Platforms posted a new 52-week high last week, hitting $330.54. After that, it retreated lower, creating a potential setup for a double-top pattern. As a result, we are carefully watching the developments on the daily chart, with the main focus on RSI, which seems to have topped slightly below 70 points last week. In many instances, such behavior is associated with bear markets. Therefore, in the next few days, we will observe whether it will be able to break into the overbought territory; if not, it will act as a warning sign. One thing to consider, however, is that Meta Platforms is scheduled to report earnings next week. Within the past two years, all except for one earnings release were accompanied by a volatile price action and an opening gap the next day. Consequently, we would not be surprised to see a similar occurrence take place this time again. That brings us to the conclusion that staying on the sidelines would be the best alternative until the company releases its earnings. Illustration 1.01 Illustration 1.01 displays the daily chart of Meta Platforms. Yellow arrows indicate four major opening gaps within the past twelve months. Interestingly, every one of them coincided with the release of the quarterly earnings report. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade. Shortby Tradersweekly12
Short Meta Again - Zuc shortMade some good % on a Zuc short earlier this year. Then straight 12 months of up candles is crazy, total clown show. Short here based on history of the monthly RSI crosses. I have the patience to ride it out, will add. Not Advise, Good Luck.Shortby A5gamakatsu115
Meta calls gonna be big next weekGrabbing a handful here at the oversell with uptrend. Will pay off nicely if no negative news all next week.Longby RobbinthehoodUpdated 4
META PENNANT (NOT YET TRIGGERED)Watching this pennant on NASDAQ:META daily (energy building for over 2months) - looking for over 308 for upside breakout to 313-316 then 324-326 or for a break of 297 for downside breakout to 285.66, 274.38 and 266.60by Jovan888Updated 114
Mission Rejected at Mt. Everest -Bullish Market Structure IntactNASDAQ:META Update - Bullish Outlook - October 15, 2023 Opening Summary : Bullish breakout stalled at a key resistance level. Market Structure: Currently in Markup, signaling bullish trend continuation. Key Price Levels: Support: $300, $304.79, $309.32, $311.7 Resistance: $325.88, $328.79, $334.79, $340.56, $353.36 Chart Patterns: Day: 2-2-2d reversal Week: 3-2-2u continuation, bullish flag breakout, inverse hammer Month: 2-1-2u reversal, bullish flag pattern Quarter: 2-2-2u continuation Volume Analysis: Day: Bearish volume confirms the 2-2-2d reversal. Week: Bullish volume supports the 3-2-2u continuation. Month: Volume data not conclusive. Quarter: Bullish volume strengthens the quarterly 2-2-2u pattern. Overall Outlook: If bearish sentiment continues, a retracement to $300 PL is likely. Note : Back-testing shows an inverse hammer typically leads to a gap up or gap down. Longby Solidified0
Meta Platforms Revives in 2023 with Impressive GainsMeta Platforms Revives in 2023 with Impressive Gains After a lackluster performance in 2022, Meta Platforms, previously known as Facebook, has made a remarkable comeback in 2023. The company's shares have surged by approximately 162%, a stark contrast to the previous year when the stock saw a decline of over 64%. These gains are over 13 times the returns of the S&P 500, demonstrating the magnitude of Meta's resurgence. The primary driving force behind Meta's 2023 success is its return to revenue growth after several quarters of decline. Additionally, Meta Platforms has harnessed the power of artificial intelligence (AI), which holds promising implications for its future. Investors who remained on the sidelines during Meta's resurgence now face a crucial decision. They must weigh the allure of potential further gains against concerns about the stock's high valuation and the uncertainties within the digital advertising industry. Let's delve deeper into this conundrum. The economic challenges that dominated the headlines in the previous year took a toll on many companies, and Meta Platforms was no exception. In times of economic uncertainty, marketers often cut back on advertising spending, which can be quickly adjusted. Meta Platforms, as a company heavily reliant on digital advertising across its social media platforms and the world's second-largest online advertiser, with a 20% market share, felt the brunt of this impact. While most technology companies faced challenges during this period, the decline in ad spending led Meta to report three consecutive quarters of year-over-year revenue declines, a first in its history. Understandably, investors grew concerned, and the most risk-averse among them chose to exit the stock. However, as it turns out, their cautious approach proved costly as Meta Platforms made a strong comeback this year. The rebound in digital advertising has fueled significant gains for investors. Yet, it's important to note that this recovery is still in its early stages. In the second quarter of the year, Meta reported an 11% year-over-year growth in revenue and a 21% increase in earnings per share, positioning the company for potential record-high sales and profits. What sets Meta apart is its commitment to embracing cutting-edge technology, particularly Generative AI. While AI has been integral to the company for various purposes, it now plans to apply these advanced algorithms to enhance its digital advertising efforts. Meta is one of the few companies with the resources required to develop large language models for generative AI. In a recent move, Meta introduced a suite of AI-powered marketing tools for businesses advertising on its platforms. These tools allow for customized images and text, empowering businesses to target their desired audiences more effectively. AI plays a crucial role in creating backgrounds, adjusting aspect ratios, and generating multiple ad versions tailored to various advertising channels. While many companies view the widespread adoption of AI as a future endeavor, Meta is already leveraging this technology to drive its growth. However, Meta's stock is currently trading at 37 times its trailing 12-month earnings and roughly 7 times its sales, making it less of a bargain for investors. This somewhat inflated valuation may warrant caution. Nonetheless, when you consider Meta's future prospects, the outlook becomes more favorable. It's valued at only 24 times next year's earnings and 5 times next year's sales, which is significantly more attractive. Why? Because the company is expected to return to double-digit growth in sales and earnings per share by the end of 2024. The recovery in the digital advertising market is well underway, and Meta is generously offering its AI expertise to advertisers at no cost, potentially attracting a growing number of them to its platform. Despite the potential for market volatility due to ongoing economic uncertainties, investing in Meta Platforms now could prove to be a savvy move in five or ten years, especially given the extensive growth prospects on the horizon.Longby FOREXN16611
Meta - Short to $265 minimumPretty confident this is a great opportunity to short Meta. Daily RSI is looking exhausted, just reached a heavy resistance area coupled with higher sell volume than buy volume the past few days. I expect a move down to $265, there i would reevaluate the chart. However you see the path i am bias on above. However, it could go to $265 and further push toward all-time highs but would need to see that reaction in real time. My main play here is down to $265 and reevaluate if we get there.Shortby RobsPlanUpdated 6621
Exciting Times Ahead! Time to Go Long on Meta!First things first, have you noticed the recent absence of news surrounding Meta and Mark Zuckerberg? Well, let me tell you, my friend, it's actually a fantastic sign for the stock! Sometimes, no news is indeed good news, especially when it comes to a company as innovative and influential as Meta. Here's why the silence is golden: Meta, under the visionary leadership of Mark Zuckerberg, has been relentlessly pushing boundaries and revolutionizing the way we interact with technology. With their groundbreaking advancements in augmented and virtual reality, as well as their strong foothold in social media, Meta is perfectly positioned for exponential growth. When there's a lack of news, it often signifies that the company is diligently working behind the scenes, cooking up something truly remarkable. They might be busy refining their products, developing new features, or even exploring potential partnerships that could skyrocket their stock value in the near future. So, my friend, this is the perfect time to seize the opportunity and go long on Meta! By investing in Meta stock now, you position yourself to reap the benefits of their future success. As the world becomes increasingly interconnected and reliant on immersive digital experiences, Meta's offerings are poised to become even more integral to our daily lives. Imagine a world where virtual reality becomes the norm, where we can connect with loved ones, explore new places, and engage in virtual commerce seamlessly. Meta is at the forefront of making this vision a reality, and you have the chance to be part of this groundbreaking journey. So, what's the call-to-action, you ask? It's time to take action and consider adding Meta to your portfolio! Conduct thorough research, analyze the market trends, and evaluate your risk appetite. Once you feel confident in your decision, seize the moment and make your move. Remember, fortune favors the bold! As always, I encourage you to consult with your financial advisor or do your own due diligence before making any investment decisions. The stock market can be unpredictable, but with Meta's track record and the potential for future growth, we have a compelling opportunity on our hands. Let's embrace the excitement and optimism that comes with investing in a company that is shaping the future of technology. Together, we can ride the Meta wave and enjoy the fruits of our foresight! Wishing you happy trading and a prosperous journey ahead! Longby bryandowningqln2
Number one pick to my watchlistEven with the heavy sell off in market NASDAQ:META is behaving exceptionally well. Adding to my number one pick. Starting with one December $300 call and adding more if it crosses $315.Longby jaganjohnUpdated 224
A beautiful symmetrical triangle breakoutMETA has broken above a textbook symmetrical triangle continuation pattern. Longby ChristieCapital2
$META - 15 MIN 2 steps for Bullish Scenario with T1S Indicator: 1. Candles Above the Green Line: • Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum. 2. Bars Above Zero: • Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement. 2 steps for Bearish Scenario with T1S Indicator: 1. Candles Below the Green Line: • Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend. 2. Bars Negative Below Zero: • Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement. by Moey830
Meta has alot of potentialMETA, along with Nvidia and Microsoft, appears to be at the forefront of AI advancements. While Nvidia and MS have been well-recognized players in the AI domain, Meta and Google also wield substantial potential, given their vast data repositories that train their AI models, including releasing their powerful LLM model (Llama 2) to accelerate training and deployment. META has retired its previous Ad platform, shifting towards an AI-powered ranking platform, which is seen as a game-changer, effectively navigating Apple's restrictions. According to Susan Li, META's CFO, Ad spending with META has accelerated considerably since 2011, even amidst economic challenges, highlighting the company's formidable strength. Furthermore, the upcoming monetization of Threads, powered by their new Ad platform, promises transparency and solid ROI for brands and businesses. Considering the potential formation of an AI bubble, META seems poised to take center stage, The AI bubble could take a similar formation as the Mobile platforms, the focus shifting from hardware (Nvidia) to software (MS) and eventually to services (META).Longby Macro-Traders-StrategiesUpdated 10
Video Analysis of Cup & Handle & Elliot Wave C wave buyHello Traders, In this video I point out the bullish cup and handle pattern that is currently forming on NASDAQ:META 4hr chart. I also showed the Elliot Wave pattern . I'm bullish on Meta for the following reasons 1) Oversold RSI 2) Bullish C Wave (upward) 3) Handle that has formed .5 fib level 4) The Bearish ABCD pattern sold off to the .5 fib level, and I'm looking for a retrace back up to $301.00 5) I have $306.00 as the breakout level of the cup and handle, which should cause price action to go to $325 "Not trading or investment advice. I will wait for confirmation of breakout of $306 Long11:33by moneyflow_traderUpdated 226
META still bullishWe can see META still have a lot of gap up need to be flled. But im bullish META up to 335$. So far META created double bottom after broke down below 288$. So my plan will watch to get in META at 288-295$Longby pninh09110
META Buy the rally but sell mid OctoberMeta Platforms / META is having a strong rebound off the 4hour MA200. A potential Wedge pattern attracts comparisons with the consolidation after the COVID recovery in 2020 and Trade Wars in 2019. Even in the event of a break out above the top of the Wedge, the price touched in both occasions the 1day MA200 before resuming the rally. Be ready to sell in around 2 weeks and target 285. Follow us, like the idea and leave a comment below!!Longby TheCryptagon224
META: INVERSE H&SThis was my trade of the week! META is breaking out of it's bullish flag and heading towards first PT1 (318), then to PT2 (326). Longby FiboTrader1111
META MACRO DRAFT IDEAlol this one is funny but maybe we get a double top, wave 5 failure, and start another bear market on META might take time as it's macro view and need for double top to confirm first nfa dyor!Shortby kaiju_crypto0
META: Sell ideaSell idea on META as you see on the chart because we have the breakout with force the support line by a big red candle with a large red volume.Thanks.Shortby PAZINI19222
$META: Strong EMA Hold & Bullish Confluence Pre-EarningsExamining NASDAQ:META , the stock showcased resilience with an inside hammer formation on a 3-1 count, complemented by a rise in volume. It's commendable how it stands firm above both its 9 & 50-day EMAs, indicating strong bullish sentiment. Of particular note, despite market pressure from AMEX:SPY and TVC:VIX , NASDAQ:META staunchly defended its support levels. This strength was further underscored by its position as the 3rd highest in options call flow. As we navigate through timeframes, the stock maintains an inside day-week-month pattern, suggesting a possible bullish trend continuity. The presence of a hammer and a bullish flag across these timeframes amplifies this sentiment. With earnings approaching later this month, traders should keep a keen eye on NASDAQ:META for potential breakouts and trade opportunitiesLong03:56by Solidified1
META might go bearishoverall TREND : Bearish Divergence : none EP : instant sell Pattern : bearish rectangleShortby Rayfxsignals111