META outlookWant to see if this plays out tomorrow 7/7/2023. 289.43 would be my entry if I get confirmation. Target is 293.11.
META trade ideas
Time to short, target 230Following weekly,
I got an overbought signal from my indicator and I think this is the end of run, we can expect some pull back to FIBO.
TP 230
SL 269 - please wait weekly close.
Opening (IRA): META August 18th 225 Short Put... for a 2.48 credit.
Comments: A little bit more single name toward the top of my IV screener. Targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying without actually being in the stock.
Earnings are on July 26th, so I'll be "playing through."
RSI DIVERGENCEPrice is sloping up.
RSI is sloping down which equals a Divergence.
This can take a while to correct at times.(orange lines)
PULL BACK IS VERY POSSIBLE VERY SOON.
Not overbought or oversold.
Price made it through gap.
Targets 1-3 have been met.
No recommendation
META shortLooking for a correction in META ~10%. could come soon
Seeing activity that resembles distribution here. Easy stop at 289
META Tight TriangleMETA has been trading within an upward channel for two months already. It has made a series of higher lows and higher highs for some time already.
Over the last 15 days META has basically been consolidating under the -0.236 fib extension or the $288 price level. We have had four clear rejections at this price level at $288. Price is getting tight on META around this area and we can expect a pop or drop very soon this week.
We now have a beautiful chart and triangle formation on the hourly on META. On a break below $284 target the demand zone at $277. On a break above this supply zone or $289.75, target $300 and then the 0.618 fib extension level.
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FacebookInc. Meta Platform Stock Ideas analysisHi every one
you can start accumulating meta plateform stock this is in the buy zone
it going to all time high in this year so start buying best stock for investment
minimum it gives 100 to 300% return before taking any action consult financial advisor
Just buy meta as the AI bubble gets goingOut of all the FANNGS, META is the cheapest across all metrics! They also have a pipeline of their own AI chips, AI workloads and contribute to the AI open source community with their own LLMs. Unlike Open AI, they also own their own data.
META is ticking all boxes, its core business is performing well, but it is also well positioned when the AI bubble really gets started.
No action yet, but resistance lingers aboveI dont know, this chart is a hard one. Turned on a dime and never stopped.
Anyway...
Big gap has been filled, and were nearing an obvious resistance. If we get a turn here and some wonky Japanese candlesticks then it may be time to fill the gaps lower.
Or who knows, maybe its up only like apple...
time will tell on this one, but no action yet imo.
META completing 8 straight months of gains. How far can it go?META is about to close the month on the 8th straight green candle, which is of course way beyond any rally in the company's history.
Having broken even above the 0.786 Fibonacci level and turned the 1month MA50 into Support again, the question on everyone's mind is how far can the market extend this rally.
Looking at its short history, all of Meta's rallies didn't stop before the 1month RSI entered the overbough (over 70.00) zone. And the RSI is currently at 61.88, considerably lower than this limit.
Of course it can be argued that this time the rally started after the 1month RSI rebounded from the oversold area, the first time in its history.
But technically, it appears that the market both technically and fundamentally has what it needs to keep investors interested and most likely won't correct substantially before testing at least the $385 All Time High.
Follow us, like the idea and leave a comment below!!
META was it high for 2023?META has been experiencing significant upward momentum over the past six months. However, it's important to note that this move is not supported by the financial report and may be driven by factors such as stock buybacks and the AI market hype.
The stock is currently in a large upward channel and has formed a rising wedge pattern within it. If the price breaks below the blue dotted line, it would trigger a short position. To manage risk, a stop-loss order can be placed just above the recent high.
The relative strength index (RSI) is displaying extremely bearish divergences, indicating that the buying pressure may be diminishing and the upward move could be coming to an end. Furthermore, the moving average convergence divergence (MACD) is suggesting a lack of momentum and a potential decline in price.
The first target would be a lower trend line from the channel and if that is broken than we will see 200 days MA again!!!
Always trade with stop loss because trading involves dealing with odds and probabilities.
Part 3 | 7 Big Tech Stocks | QQQ & Sp500 Price Level Trend Guide- META clear EMA 12 support
- Quadruple top but still above support need convincing bear volume to break below 277 for me to say this is a temporary top.
META - Double top SetupLooking for downside to supporting zone which was previously resistance.
- If this hits support, I will be looking for calls if it holds.
$META at strong resistance level, Price retracement on makingNASDAQ:META had a huge rally, and filled the gap from early 2022. Right now, the price is at the resistance zone from where it could either breakout or retrace. My argument is that, it will retrace in a short term after the large run up, atleast to $250 levels.
Meta channel breaksThis incredibly strong but narrow channel of up trend for Meta has reached and slightly exceeded the 0.786 fib retracement of the year's swing high to low. The price yesterday just dipped slightly out of the channel. This could be early warning of a more significant pull back for Meta.
Fakebook overbought here gaps to fill lower SELLMajor overhead resistance and Fibonacci resistance at $293 on an overbought stock. Gaps to fill we should retrace to $222-248 levels in coming weeks
META 2023-2024META is at a crucial point, to break up or to retest the double bottom or possibly test the bottom of the downtrend channel.
META on waiting SHORTAn interesting setup looms in META:
before that, it grew, but the fall on June 6 spoils the picture
1) A stock can make a fake volatility breakdown
2) Entering a position with a minimum stop and a risk of a 1/5 forward. See in level 2 robot activity in t/s
#META HUGE STRADDLE! Notional value-19M$Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We do research and find new opportunities every day. Stay with us!
CUP & HANDLE//GapPrice has met resistance at the top of an old gap (look left).
The bottom of the gap(green dashed line) could kick in as support.
Increased volume or momentum could push it through, but for now price is struggling at a major resistance level.
Bearish Harami so far today that needs a 3rd candle for confirmation.
No recommendation.
There is no recent price action inside a gap which can propel price up and through it with ease at times. If price breaks the bottom line of the gap which is also a line of resistance until broken, it is likely to fill the gap. Issues often occur at the top line of the gap after a smooth ride up through the empty space of the gap. This was a previous gap down.
