Meta retracementFib retracement on Meta is in the 0.5 to 0.62 range and I can see that you can draw a channel downtrend with the current price being very close to the top of this channel. Could be a shorting opportunity.
META trade ideas
$META Trade Idea - Currently Red on 60m, 4H, D, Green on W, M$META with the 2-2-2d reversal on the daily with room down to the 9EMA
Bullish engulfing on the weekly
Calls over $202.10
Target $210
Puts under $195.30
Target $190.85
Please see video for details.
META- MAKE OR BREAKThis will all go down to Meta's earning call. If they have a solid solution to continue to make profits investors will most likely be confident to invest more. And move into upper channel, however if investors are not confident in Meta's direction, it will slide back down into downward channel.
This is not financial advise, I am not an advisor or financial specialist. All trades are risks.
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
META - Rising Trend [MIDTERM]- Medium term Investors have paid higher prices over time to buy Meta and the stock is in a rising trend channel in the medium long term.
- This signals increasing optimism among investors and indicates continued rise.
- META has broken up through resistance at 183.
- This predicts a further rise.
- Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
- Overall assessed as technically positive for the medium long term.
Verify it first and believe later.
WavePoint ❤️
Down trendBig ressitence and trend line and rsi with divergence i think 3 confirmations, and one gap to 4 confirmations
META Layoffs: Good or Bad?Most people assume layoffs are going to drive the price of the stock down. NOPE, general consensus on the professional side is the sooner layoffs begin, the faster the company can recover from declining revenues and earnings, and reinvent.
META is a stock in a sub-industry that has few members, hence it is used in many ETFs and mutual funds due to that rare sub-industry group.
It has some stiff resistance shown best on the weekly chart above current price. But with support from institutional investors, the stronger support level in the bottom formation is likely to hold.
META SET TO TURN DOWN NOW We called the low oct near 98/83 and the peak back sept 6th 2021 .Well it is nearing the end of a 5 wave pattern into a .382 here 202 /212 this is going to break and hard back to 135 area and soon . we now have neg RSI setup exit NOW
META going to 247?Yesterday from EPRAF indicator shows SB Uptrend door at META. SB Uptrend occurs when green line crosses up purple line. It show a good hint for the stock to go higher and higher. Based on the history, may be it will go untill 247 usd. Lets wait and see the performance.
META: Breakout: Cup and HandleMETA breakout with a first stage base/rounded bottom & accumulation. Low volume confluence with "handle" is setting up for breakout and second stage. KL: 204.80, 211.64, 217.51, 226.84, 236.99// Long Bias on higher auction and price rediscovery from levels last seen in Jan 2022 sees PT of 289.11// Beta: 1.16, ATR 6.79, IV: 40.55% // Bias: Risk On; Failure < 184.87// Price at time of publish: 200.79
META Daily AnalysisMeta has just touched Long-Term upper trendline and forming double top. RSI also showing weak strength on Daily chart.
Expect price to go down.
$META Long (Cup and Handle Breakout)Over the last few weeks, the market has experienced severe volatility due to the Financial crisis, collapse in oil prices, and indexes getting slammed.
However, the Growth areas of the market ($QQQ) and in particular Tech and Communication names have held up strong.
$META, being one of the largest components of $XLC (along with $GOOG/$GOOGL), gapped up on ER into what we would refer to as a COD setup.
The market has now given us a Cup and Handle breakout, along with a bullish momentum regime in the RSI, which we are using to justify a long position targeting the 230/230 area.
We will be using the Jun16 230/235 Call Debit Spreads at 1.00 to capture this potential price movement. At 93 DTE, we have plenty of time to withstand consolidations along the way.
We will cut with a stop below 185.
Another large, curved, momentum shifting structure for METAAnother one of these large, curved, bottoming, momentum shifting structures for META. Could be a good time for a long position.
META Interconnected WavesTiming related Fibs:
Relatively price oriented Fibs:
I know I should have put 0 on top but it would complicate things. Since 0.618 x 0.618 ≈ 0.382, we'd just put emphasis at derivative.
Cycle based angle indicates golden ratio just upper to the current price.
Wave Interconnectedness:
However I'd focus on relatively recent price levels.
Lines will act as counter force regardless of price direction.
WILL META STOCK CONTINUE TO RISE?Looking at the position of this asset, I will say that if the TL is strong enough to hold as support, then I will target $200 as my first buy TP.
Note: $200 zone is also the FIB38.2 zone making it a significant area to watch out for.
However, if the Trendline fails, we may be heading downwards $150 to fill the gap.
I hope fundamental favours META
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META: Wait for possible bounce at 176support and bottem trendline support at 176, wait for it and see if it bounces, if not, look for gap fill down to 150s
META ShortSupport/Resistance
Possible double top
Short Entry 182
Stop 202
Target 150, 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.
SELL META STOCKGood sell opportunity in $META after this breakout of the uptrend, now targeting double bottom at $125.
Low IV consolidation IV Rank on META is relatively low currently based on historical averages and the previous earning reports have been negative.
Looking to create an Iron Condor one standard deviation away from price to collect premium on the time decay as there may be some sideways trending movement
META: Possible LONG Setup Ahead - Fundamental NewsMeta Platforms has faced some challenges in recent times, with a drop in share prices since its peak in 2021, and investors remaining cautious about its future prospects despite a recent recovery. Its advertising business has been struggling to maintain its former success, which has put significant pressure on the company's profitability. However, Meta's family of apps has experienced growth in engagement throughout 2022, which suggests that the company is still relevant. To improve efficiency and profitability, Meta is focusing on cost-cutting measures in 2023.
Nevertheless, there are concerns about Meta's recent investment in the metaverse industry, with the Reality Labs metaverse business showing a slight decline in revenues in 2022. While the potential for the metaverse to generate significant revenue is optimistic, the industry would have to reach mass distribution to achieve such numbers. Furthermore, it may take longer than expected for the metaverse to gain mainstream adoption, resulting in a lower return on investment for Meta.
Overall, there are too many uncertainties for most investors to feel comfortable with Meta's current situation, with the advertising business under pressure and the metaverse venture still burning through cash. However, for investors with a high tolerance for volatility, taking a small position in Meta stock could be an option if they believe in the long-term recovery and growth of the advertising business and the potential for the metaverse business to generate significant revenue in the future.
quickTrade Recap : $METAHow my levels worked out last week on $META.
Double breakout on both directions.
The bullish side followed the ema 21h that crossed up the 50h
META Simple Chart AnalysisMeta - Rst 196.9 Supp 167.6
Meta will retest back 196.9 area here & attempt a breakout.
META Short-Term InterconnectednessWave simulation relative to recent decline in terms of Fibonacci ratios. Using critical points of correction to build interconnected structure for determining limits of current wave as function.
Fibonacci channels are the most suitable for fractal analysis because it enables us to use specific angles which is %/Time. Like a rate of change of a function in my perception.
The steeper is the angle of FC, the more it relates to Time. (Cycle separation into stages)
Shallow angle relates more to price levels which act like boundaries of approaching wave. Some fibs will cause "reflection", some will allow the price to pass.
