FB2A trade ideas
META/FB could make a come backWe are seeing a nice rebound in Meta though we have a buy limit inside the yellow support zone which should give a better risk to reward ratio.
META ShortEarning, GAP up into Supply zone
Short Entry 190
Stop 202
Target 155, 120
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Q2 Tech. Sharing a chart of a collection of the larger tech stocks:
META
AAPL
AMZN
NVDA
GOOGL
MSFT
TSLA
AMD
INTC
Broadening wedge, testing the upper bound. Should get interesting.
Meta Possible Run BullishMETA can Reach the POC of the Volume Profile trace form the last Consolitadion. Good momentum so maybe a Good Entry soon. I hope this short Analysis can help to the community.
Any correction, idea or opinion it's well received.
Regards Axu.
$META Bear flag 15m In LiquidtyGave up the 50% retrace on this big pop from a bad ER. Swept liqudity today with a bearflag formation. I'd watch this to the 165's maybe 160's as all these stops get collected up for a possible run to the upside later.
META LongWeekly RSI divergence
Demand Zone created 1/20/2016
Earning 10/26/2022 Gap and run to demand zone.
Entry 96
Stop 86
Target 140
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
meta about to break down on this trendforkthis describes the bearish trend angle meta has had recently due to the fundamentals and outstanding availability. if we dont regain an immediate footing on this bear trend and break it were headed for the lower horizontals. even if we return to the middle regression staying over an anchored vwap band price should struggle to stay away from middle regression modularly. looking at frama the contraction shows that a topping out proccess is engaging.
Meta 3WK AnalysisMeta just re-tested strong support resistance and trendline. Price may move down to previous support.
Facebook - Bearish SentimentMeta Platforms is showing heavy bearish signs. Price hit my 178.00 block. It is now testing the 174.14 zone ( a 5min zone). We have EQUAL LOWS around that region which have to be taken out. Once price breaks those lows, it will be headed for the 170.00 Pontential Bearish BOS. That's where price will break structure and fall further.
We remain BEARISH!!!!!!!
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Patience pays!!!
$META price update - price is fighting between two gap areas$META price update
Looking for $META to bounce with $SPY and retest $176.42, then $178 PL.
However if it loses $172.88 we'll likely retest $169.71
Potential head and shouldersThis is a weekly chart. Looking for a potential head and shoulders pattern. The yellow lines is a mirror image of the rally leading to the head.
FB - Correction should still look for higher pricesIn my primary count, Meta has finished the first leg of black wave 4 correction.
I expect a pullback to the downside before another leg up, targeting strong 220 resistance, which is also the 50% retracement from waves 2-3.
META, weeklyThe stock of Meta soared 23% last week to a 6-month high, its third-best week ever. In its earnings report Wednesday, revenue came in slightly above expectations, despite sales down year over year, and the first-quarter forecast was roughly in line with expectations.
The key to the rally was CEO Mark Zuckerberg's announcement in the earnings statement that 2023 would be the "Year of Efficiency" and his promise that "we're focused on becoming stronger and more nimble." Although the quarter was OK, it was the cost-cutting that finally got investors interested, which is why Meta took off.
The earnings call comes 3 months after Meta announced 11,000 job cuts, which represents 13% of its workforce.
Zuckerberg said he does not expect declines to continue, but acknowledges the business will not return to how it was before. Assuming he’s right, the massive sell-off last year was an overcorrecting overcorrection down to 88.91 USD, and investors may well be slipping back into Meta right now. If that’s true, the optimism will likely hold for the coming quarter.
OMG ZUCK IT!looks like a big wave 1-2 has completed here (check in log if you can't see it clearly on linear) - We're now most likely in a wave 3 which will see prices go up for many years - Better duck the Zuck if you're hoping for new lows.
META Potential for Bullish Continuation | 20th February 2023Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 155.50, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 124.63, where the overlap support and 61.8% Fibonacci line is.
Take profit will be at 224.28, where the intermediate high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Facebook collapse are we witnessing a Facebook collabs soon !
well, since other social media platform are taking over like (Snapchat) and others, and after this news is revealed, lets watch and see what will be the future value of FB:
Meta CEO Mark Zuckerberg announced a new paid subscription service for Facebook and Instagram on Sunday, granting users a hallowed blue check for a monthly fee.
Meta Verified will cost $11.99 a month on web and $14.99 a month on iOS. It's launching in Australia and New Zealand this week ahead of a wider rollout.
The subscription "lets you verify your account with a government ID, get a blue badge, get extra impersonation protection against accounts claiming to be you, and get direct access to customer support," Zuckerberg said. The Facebook founder noted that providing direct access to customer support will cost "a significant amount of money," which will be made up for with subscription revenue.
LAYOFFS ARE ON THE RISE, BUT NEARLY 50% OF WORKERS ARE STILL LOOKING TO QUIT IN 2023
The new option comes after Twitter launched a revamped version of its own paid service, Twitter Blue, which allows users to get a verified profile and other benefits.
Elon Musk rolled out Twitter Blue soon after closing his $44 billion deal to purchase the company last year. He said at the time that Twitter was seeing a "massive drop in revenue" due to an exodus of advertisers from the platform.
META - falling wedge pattern (bullish)After a strong 28% gap post earnings on 2nd Feb, META has now given up about half its post-gap gain. However, its longer term bullish picture remains intact if we look at the following factors:
1. Stock is still trading above both its 20 and 200 day moving average (the latter of which is beginning to flatten out, a precursor to turning up)
2. A falling wedge pattern is forming (potentially bullish)
3. Bullish divergence forming between price and RSI (*see Note below)
A break out of this wedge could be an opportunity to long again if one has taken profit earlier or has gotten stopped out as stock went into this steep retracement. I would put initial stop loss slightly below the most recent pivot low (which will be the candle just prior to the wedge breakout).
However bear in the mind the stock's momentum could be slower for now until the next catalyst appear.
*Note that while a bullish divergence could materialize into a short term bounce lasting about 2 to 3 candles, it does not translate into a longer term trend change on it's own.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
META Potential for Bullish Continuation | 20th February 2023Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 155.50, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 124.63, where the overlap support and 61.8% Fibonacci line is.
Take profit will be at 224.28, where the intermediate high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
META Waiting to LoadThis asset is clearly on a Up trend now after all the dump he had.
We broke the daily trendline and started curling up for some great long opportunities.
Now waiting for the $155.0 level to get filled bc it's a daily gap + huge historical support to watch.
Then just wait the little 4H trendline break to have the perfect confirmation for swing (but can begin to enter on a good rejection candle of this level).
I want then to target the daily 50% fib level + daily resistance.
In a more long term vision, we will look to fill the big daily gap we had at the beginning of the crisis to $289.0.
Great Trades !
Meta analysis Looking at the charts currently 172. -on Saturday morning
on the RSI is looking bearish
MACD has turned bearish
I feel the stock will initially go to 164, then 156, then 150 and eventually around 137
META: Sell ideaSell idea as you see on the chart because we have the breakout with force the vwap by a big red candle with a large red volume.Thanks!
Meta ShortMeta has downward pressure after being significantly overbought during earnings. I expect it to fill the gap down to 152.
