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FB Update + Spinning Top ** AN Update on my previous FB post FB is playing out perfectly and looking to continue this bullish breakout. Having recently changed its name and business model, we have seen lots of hype and talk about FB, or META as its now called. I think that META will become a huge player in the next 10 years and this is definitely a good area to start accumulating shares for the long term On the weekly chart we have seen FB create a BULLISH spinning top candle, indicating bullish momentum. This is a good indication of short term trend and was where I entered spreads and shares. For this play, we are looking at the short term. After breaking down from its upward channel, it was on a strong downtrend for around 6 weeks, moving back into a demand zone at the $325 area. We have seen a strong bounce on both the weekly and daily charts indicating a strong demand zone, and a possible reversal. Has been playing out perfectly and I am already in spreads for January. I still believe we are at a good price and will be accumulating more shares as well. Good luck everyone.
NASDAQ:METALong
by GringoRiley
Will Facebook/Meta Flatform FALL to 309 ??? I am checking FB, H4 chart: - In the last time the Falling Wedge price pattern detected, price raised from 321 to 341. - The recent price pattern detected is Rising Wedge, 2 days ago. Price started to FALL from 335 and now moving around Support level at 324. - The next Support level is 309. Will it break the current Support level to FALL to 309? In this idea, I used Smart Pattern indicator to auto-detect pattern and Smart Vision Ultimate indicator to auto-calculate Support/Resistance levels.
NASDAQ:META
by live_indicators
1
Meta Platform - Metavervse Mark Zuckerberg's recent announcement that Facebook will be renamed Meta has sparked a lot of buzz around the topic. The metaverse is an iteration of the Internet portion of virtual reality often in the form of social media. The metaverse in a broader sense can refer not only to virtual worlds governed by social networks but to the entire spectrum of augmented reality. Zuckerberg changed the name of the company only, not the brand of the social network. Let's remember how Google became Alphabet 6 years ago. It's the same thing. What is important is something completely different. How many of you watched the Meta presentation, the primary source of information on what's going on? I think only a few people. In this presentation, the most important information - what is (more or less) specifically invested in the concept of "METAVERSE" in the thoughts and plans of Facebook . An hour and a half of study can affect what you do for the next 20 years. No kidding. We are on the verge of a breakthrough. Up or down is another question. I have doubts whether a person should take on the role of the creator of new worlds. What exactly is a new big thing that opens up opportunities to jump on a train when it is just starting to move. Therefore, I advise you to watch the presentation! This investment can open up completely new horizons. fb.watch During isolation, many people will be willing to try to realize themselves in a new world, re-create themselves (avatars) in the meta-reality and do something. I think this idea will appeal to many people, especially young people who play computer games. Therefore, we are moving along the trend. A very good example of what is happening now is the Ready Player One movie. It is a 100% reflection of today's trend. This is not the future that was predicted 50 years ago, but it is one of the variations.
NASDAQ:METALong
by iamkhotso
Meta, 9 Nov. Elliott Waves | Gann Levels | GeometryFB bounced precisely on the 0.5 Fib retracement (large blue box) of the previous wave 3 (yellow count). The breakout of the descending wedge gave us confidence to re-enter the trend. The metaverse narrative is driving price at the moment. At a later stage we will see that the metaverse idea may fail for several reasons, but that time is not now. When euphoria rules, we just go with the euphoria. Elliott: An ABC (blue count) is likely completed, so that we can expect wave 5 (yellow count) to unfold. If correct, this will lead to new ATHs for Meta. Currently we are in wave (i) so that a deep retracement is possible. Below 318 the bullish idea is invalidated. Gann: Support: 312 Resistance: 370 Correlations: Yield approaches a diagonal support at 1.500 where it could reverse. This would further strengthen DXY and hurt QQQ. QQQ itself appears to be re-accumulating to go higher at this point. How I trade it: The blue box is the 38-65% retracement of the current wave. If wave (ii) retraces into this area, we get a good risk/reward opportunity to add long exposure. The idea is to participate in a wave (iii). ___ In my analyses I combine Elliott waves and Gann theory to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to write options when markets range and volatility contracts. BTO = buy to open STC = sell to close STO = sell to open BTC = buy to close TD = Theta Decay (for example a strangle or iron condor) Disclaimer: The views and ideas expressed in this analysis are that of the maker, they are provided as educational information and do not constitute financial or trading advice.
NASDAQ:METALong
by UnknownUnicorn12250317
Facebook | Meta |Fundamental Analysis | MUST READ ! ! ! 🔔Social media titan Facebook, now Meta Platforms, has recently been in the midst of a whistleblower scandal. A former employee made allegations against the company. This drama is just the latest development for Meta, which has become a lightning rod for debate. Investors may be seeking to figure out if the company's best days are over, particularly as Facebook's platform becomes less and less popular with younger users. Let's try to look away from the noise to see if Meta is a smart investment today. The company is under pressure after Frances Haugen made allegations about the way the company does business. According to the whistleblower, the company's algorithms encourage the distribution of sensational, misleading, and controversial content that is useful for engagement but likely harmful to users. Haugen also cited leaked research showing that Instagram, one of Meta's platforms, harms the mental health of young users. One study found that suicidal thoughts increased among teenage girls in the U.K. after using Instagram, and another study found that it contributes to eating disorders. These findings have prompted intense examination from politicians, who are asking for regulation of how Meta does business. Regulators have a lot of power and can do all sorts of things to the company, up to and including its complete collapse. Meta is also a pioneer in the social media industry; its FB app is one of the oldest platforms in use today. Over time, Facebook's popularity among younger users has declined, ceding the lead to apps like Snap and TikTok. While Meta's Instagram platform is still popular, it's fair to question whether Meta is on the decline. If we pay attention to the company's results, Meta proves that it is one of the most successful business models in the world. The company recently reported third-quarter 2021 results, its first full quarter after Apple implemented iOS privacy policies, making it harder for ad businesses like Meta to track its users. The company continues to do well despite all the drama, political threats, and pressure from Apple. In the third quarter, the company increased the number of daily active users by 6% year over year to 1.9 billion, and the average revenue per user rose 27% to $10.00. The increased number of users and higher revenue per user drove Meta's third-quarter revenue growth by 35% year-over-year to $29 billion. The company is also extremely profitable, converting nearly 33% of that, or $9.5 billion, into free cash flow. With $58 billion in assets on its balance sheet, Meta has a lot of cash on hand and has announced a massive $50 billion stock buyback program. The company recently announced a rebranding to the name "Meta" to focus its energies on developing the Metaverse. This is a space where the physical and digital worlds can interact in the future. The company is splitting into two main segments, one of which will be Facebook, Instagram, WhatsApp, and the rest of Meta's apps. The other is Reality Labs, dedicated to Metaverse, Oculus, and other virtual reality projects. Metaverse could one day become a whole new digital economy, and CEO Mark Zuckerberg talked about a digital world where non-gaming tokens, virtual goods, and advertising could be new possibilities. Explaining the company's rebranding, Zuckerberg specified that it would take years to implement. Meta could spend at least $10 billion on its Metaverse business this year and is likely to spend tens of billions of dollars in the subsequent years. The company's stock has fallen over the past five weeks amid the whistleblower story. Analysts estimate that Meta's earnings per share (EPS) could be $14 for all of 2021, which values the stock at a projected price to earnings (P/E) of 23.1. It is a small premium compared to the P/E ratio for the S&P 500, which is 21.3. Nevertheless, Meta's predicted 2021 earnings are up 37% from last year; projected earnings per share of $14 are up 39% from 2020. One could argue that this growth rate should provide a premium over the broader market, making Meta stock engaging at these levels. Patient investors can continue to benefit from the profitability of Meta's existing business, while Metaverse may one day take the company to new heights. Regulation remains a likely menace, but Meta's growth potential is hard to ignore.
NASDAQ:METALong
by FOREXN1
5