META TRADEMeta broke out of my 15m range, confirming buys. Saw confirmation on the 1 min TF. That demand on the 1min that was mitigated confirmed that price shouldn't break below 292.60. Got filled around 293.31. Beautiful play. Done for the day. Longby chichosen0
Meta Platforms, Inc. (META) in an almost perfect bullish rally Shares in Meta Platforms, Inc. (symbol ‘META’) have performed in an almost perfect bullish rally throughout the whole of the second quarter of the year with gains of more than 45% outperforming both the S&P 500 and the Nasdaq. The company is expected to report earnings for the quarter ending June 2023, on Friday 26th of July after market close. The consensus EPS is $2,85 compared to $2,46 in the same quarter last year. “ The tech giant is going full force in investing into AI related products in an effort to be one of the big companies that provides innovative products to their clientele. In a partnership with Microsoft,” says Antreas Themistokleous, an analyst at Exness. “Today, at Microsoft Inspire, Meta and Microsoft announced support for the Llama 2 family of large language models (LLMs) on Azure and Windows. Llama 2 is designed to enable developers and organizations to build generative AI-powered tools and experiences. ” (from official Microsoft website) Technical analysis shows the price has been trading in a bullish momentum since the beginning of the year without any clear signs of a full trend reversal. The Stochastic oscillator is in the extreme overbought level for the last 2 months while the price is approaching a strong technical resistance level of $320. This area consists of the 78.6% of the weekly Fibonacci retracement level, the upper band of the Bollinger bands as well as the psychological resistance of the round number. Apart from the overbought Stochastic there are no other signs of a correction in the near short term. The moving averages also confirm the bullish trend since the faster ones ( 20 & 50) are trading well above the slower 100 simple moving average. by Exness_Official117
META - Parallel Channel DownfallHowdy Traders! This is a short post to notify you guys on the downwards break of the parallel channel for $META. The price target is around $278.49. Bona Fortuna!Shortby fjack19281
Chance to CorrectWe have almost reached the temporary high from end of August 2020 again which was valid until March 2021. This may serve as resistance now the more that it has been successfully tested in November 2021. The decisive outbreak in January 2022 led to e steep fall having persisted until November 2022. This has been corrected now with an impressive rise for over 1/2 year. This rise has been uncorrected up to now and may run out of steam soon. A Fibonacci correction of the rise is likely now. Let's see to what level.Shortby motleifaulUpdated 1
META Is this the start of a significant correction?Since November last year we have been issuing a strong buy signal on Meta Platforms (META) and our most recent analysis on February 02 (see chart below) came with a huge final bullish warning while the price was still at $189.00: The stock hit $320.00 last week, almost filling the gap with the 1W candle of January 31 2022 (practically META's start of collapse) and pulled-back. The big question on the market this week is, can that be the start of a greater correction? Well technically it is testing today the first key support level, the Higher Lows trend-line (bottom) of the 6 month Channel Up pattern that started in late February. If broken, it is unlikely to see the 1D MA50 (red trend-line) hold. The key (technical) reason behind it, is the massive Bearish Cross that got formed this week on the 1W MACD. This is a major development as it is a rare event that always initiated a rather notable pull-back. More specifically, in the past five (5) years, we have had another six (6) 1W MACD Bearish Crosses, all making a Lower Lows after it. The minimum correction was -17.33% while the maximum -43.50%. Practically META made its large corrections (-43.50%, -38.60%) when it faced legal action and during the pandemic. The rest standard (technical) pull-backs ranged from -17.33% to -19.70% (also -28.15% on the last Bearish Cross but fundamentals were also present). This is the reason we expect a pull-back below the 1D MA50 if the Higher Lows of the Channel Up fail (to close 1D candles above it). The minimum projected correction range of -17.33% would give us a pull-back to $265.00. A -19.70% would give $256.00. That would start making META a technical buy again, where long term investors can start applying buying strategies with a tolerance level up to the 1W MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot2224
META suppressed by the 0.786 level of the golden section! META suppressed by the 0.786 level of the golden section! This chart shows the weekly candle chart of META stocks over the past two years. The graph overlays the top to bottom golden section of 2021. As shown in the figure, the high point of META stock in the past two weeks has been suppressed by the 0.786 level of the golden section in the figure, and it has now returned to below the 1.000 level of the golden section! In the next few weeks, the META stock is likely to step back at the 1.382 position in the golden section of the chart, and then choose a direction to break through!by Think_More0
META Platforms Options Ahead of EarningsIf you haven`t sold META here: Or reentered here: Then analyzing the options chain and chart patterns of META Platforms prior to the earnings report this week, I would consider purchasing the 290usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $27.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Shortby TopgOptions6
META -- Long Ideai'm not expecting it to get to buy price till probably closer to end of month would buy if countertrend break and buying happens looking for something low risk / high rewardLongby jsteryous3
Meta needs some restMeta will probably return to continue its upward trend after a little rest, which may last a few months. NASDAQ:META Shortby Reza2219114
Channel UpPrice has broken the cup and handle pattern with a strong move to the upside. Targets 1-3 have been met plus some. No rising wedges noted. Price will ride in a channel until the support or resistance line is broken. No recommendation.by lauralea225
$META Massive Gap There's a massive gap from last year that can be filled. Low end of the gap $248. High end of gap $317. Finally showing some strength today breaking out. Longby TJ01Updated 1
META - Closes gap and keep climbingEverything seems green for META. Successfully break away from the channel and close the gap. Only 1 Red trend candle in year 2023 so far. Selling Volume (Green MCDX bar) is steadily decline while Buying Volume kept increasing (Red MCDX bar) FiFT remain GREEN = Strong Bull with multiple further buy signal. Hold until trend breaks. by kgiap123Updated 5514
META gap fill from FEB 2022META has a chance to fill its gap up to $316.97. Depending on tomorrows PPI news and unemployment data, I see it possibly moving up filling this gap. Good PPI means high unemployment and low PPI. Anything other then that, it could trade sideways or down. by rextradezzUpdated 113
META Bearish AlertMETA, 15 minutes Another Bearish alert after this long run. The previous alerts didn't create the combo. Still monitoring for a possible end of this bullish wave.Shortby TizyCharts1
Selling Alerte FacebookI give you an alerte gyus of selling facebook It's coming to break Vwap with a large volumrShortby khalylUpdated 0
Learn More About The "Rocket Booster" StrategyAccording to Wikipedia here are the types of Gaps: -Breakaway Gap -Common Gap -Measuring Gap What type of Gap do you think is in this video? Watch this video to learn more about the "Rocket Booster" StrategyLong03:48by lubosi1
META Price, Volume, Target, StopEntry: when price clears 276.57 Volume: with daily volume greater than 19.42M Target: 306 area Stop: Depending on your risk tolerance; 266.76 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.Longby tradepatientlyUpdated 5
META: Channel Up will attempt to close the February 2022 Gap.META maintains the aggressive four month Channel Up on an overbought 1D timeframe (RSI = 73.991, MACD = 9.890, ADX = 37.410) that shows no signs of easing before the next Resistance and that is located at 328.00, which was the High of February 2nd 2022. After that the stock price plunged to 245 following the loss of investor confidence. It would appear that the rally won't stop until it closes at least that Gap. As a result we go on a short term buy, targeting the Resistance (TP = 328.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope3
"Never bet against Zuck" $META topping out hereThere are many people that think that NASDAQ:META will keep rallying here to new highs. I'm not one of them. Lately I've been seeing people post "Never bet against Zuck." That tells me all I need to know about sentiment here at the highs. Like many other assets, I think META has rallied due to a technical bear market bounce and is now losing steam. We've either already put in a top here at resistance, or there is one more move slightly higher to $307.54 that will pull in the last of the holdouts that haven't invested yet before dumping on them. I don't care about narratives, whether it's AI, threads, VR or whatever fundamental reason you can give a company for "needing to go up." The reality is, it's all about market structure and what price action says. And to me, we're nearing a top that will take price back to below the previous low we hit last year. Let's see how it plays out over the coming year.Shortby benjihyamUpdated 449
Meta Will Perform!Hi mates, sharing weekly chart of meta so as we can see price is trading in a rising channel and now gives a breakout close above a strong resistance so i am expecting that this uptrend will continue till to the next weekly supply zones into this channel. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Regards-: AmitLongby AMIT-RAJANUpdated 7724
SHORT METAAll their recent hype is priced in, gap has been filled, we're way over-extended. Looking for a reversal patter for the short. Shortby clarkehimself4
Major Weekly LevelAre we going to close above 300. I dont think so. Price is on Weekly Resistance.Shortby rizwanaslam19740