Facebook (Meta) False Breakout SetupHi Traders,
New week new opportunities. I am currently looking at Facebook (Meta) for a False Breakout Setup. The most recent price action shows that price has created a resistance at 172.58 which has multiple attempts to break, I do believe that price will break the current resistance and meet with the real untested resistance at 176.0.
If this does happen I will then start looking at trading opportunities. Now I don’t really care what happens when price breaks the resistance or how the price may move, All I care about is price break back into the range below 172.58. If this does happen I will be more than happy to start looking at shorts.
Looking at higher time frames, This is a simple lower high we need formed for the continuation. I am long term bearish on most Nas100 stocks and I will be looking at the longer term picture or potential shorts to come.
Let smash this week.
Renaldo Philander
META resistance another tryThe $172 resistance on META is strong and tough to break. Stock tried 5 times and got rejected today again. Keeping an eye on this one. Trend is still bearish, and we need more volume and accumulation to go up but the run in last last couple of days was wonderful. Waiting for retest and will add more to my LT.
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$META FACEBOOK Meta Technology Falling Wedge Descending Channel$META FACEBOOK Meta Technology Company
Falling Wedge Pattern - Descending Channel - Double Bottom at support with a bullish harami on the 4 hour candle.
$META is looking bullish from here on a technical view for a bounce off the bottom trendline. If it breaks out and holds above the channel it has a measured move of $234 target.
GAPS are marked in RED.
Word on the streets says Mark Zucker is not hiring much and has been bringing the heat in on his current employees hoping to weed out the weakest links. Meta has had some failed crypto related launches and has thick competition in the social media world. Better management and highly talented individuals is exactly what the company will need in order to be first class in the metaverse and live up to the name.
META(FACEBOOK) 1.2.3 time to pump 🚀💣Hello 🐋
Based on the chart after a long time, correction to the downside the price is close to the major support (the previous low and the channel support) ✔️
and now it stands on the 3 position (time for pumping)
if
the price doesn't break the major support (the previous low) to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Potential Butterfly for Facebook (Monthly)Until we see a confirmed B point at the 78.6% retrace, this pattern is nothing but purely speculative.
The long position shown on the chart is the technical trade, but on a monthly chart I would personally just stick to investing :D
META Last chance to reverse their fortunesMeta Holdings (META) has been trading within a Channel Down ever since the huge early February gap down. The stock has failed to recover its lost 1W MA200 (orange trend-line) on the first rebound attempt and since it has been trading far from it as investors along with other known macro-economical parameters (inflation, war, Fed) are gradually losing faith in the company.
This is Meta's final attempt to reverse this sharp correction and find buyers as the price is now below the 2.0 Fibonacci extension, which is the level that has supported and kickstarted aggressive rebounds since April 2016. In fact you can see that with the application of the Fibonacci Channel extensions, from the moment Meta (formerly FB) started trading, slight breaks below the 2.0 Fib, have initiated three major rallies of +1 year.
If this is the level that saves the day for Meta indeed, investors will still have a Higher Highs trend-line to consider that has rejected the price three times already (red flags) but we will have time to make updates until then. Failure to hold this Support, could mean complete loss of investor confidence and the beginning of the end for the social media giant.
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Meta Platforms will be BACK!The statistics are between $238 - $295(1 Year)
Why not wait, because we know it will be back as it is a powerful & interesting company.
They are progressing with a whole new age of tech adoption, involving high take-up of its VR headsets,
as well as the AR glasses product.
Once it launches its new products it will create a big Wave and a Higher High for sure.
Around $500
FBNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
300$ Facebook is a huge buying opportunityLot of stars aligned there
Overlap
38.2% Fibo trend bottom
61.8% Fibo from range
Projection of weekly SMA200
$300 psychological number
Facebook price overviewThe price is in downtrend since it made it high, so I would expect the price to drop further around 120$ or 130$ , then it would reverse.
Please like share and comment
facebook and bitcoin In the weekly time, a pattern has been formed in Bitcoin, which in my analysis, I have shown, this pattern was formed in 2013 on Facebook.
Even the dropout rate of this template is the same on facebook and bitcoin
So this pattern can be considered true in Bitcoin
Bitcoin has a significant resistance in the range of $ 38,000. If a weekly candelabra stabilizes above this range, we can see a tremendous market in the next 5 months.
$FB Facebook METALook for dips to be bought in the 231-240 as long as $176 low holds.
FB has formed a daily demand zone in the $179-$185 region.
Below $176 and we most likely test and/or break $169 low and head towards $150-$159
Meta Platforms (NASDAQ: $FB) COO Resigns & Signals Bullish Move!Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
long $FBnice long setup on facebook/meta. good r/r here. might try and wait to get a closer entry to the 100 day EMA. no real resistance for a while at this level. set a stop under monthly lows.
FB Meta COO Sheryl Sandberg is stepping down after 14 yearsIf you haven`t sold FB at $341:
Then you should know that Sheryl Sandberg is stepping down after 14-year tenure at Facebook as COO.
This is not good news in my opinion for what is about to come for FB in the years they are about to spend building the Metaverse.
My price target is $162.
Looking forward to read your opinion about it.
$FB Top/BottomUsing KioseffTrading's Tops/Bottoms indicator and it looks like it is setting up nicely with a 78.57% correct ratio. The data tables there show the % correct, which backs the data tested & provided. Due to bad earnings back in Feb. we saw a huge sell off and a bouncing range of 169-237 with an average of 217.
Meta Facebook Buy NowAccording to my chart analysis , Meta Facebook Show strong signal to buy , buy max as you can .
FB (Meta) - Recovery Along Trend Line Similarities can be seen between the first dotted upward trend leading to a rejection, and the second also leading to a rejection
Both retrace to the same uptrend
This is the daily chart, with the first rejection at 2.618 and the second at 4.618
Good buy potential on this daily timeframe
Meta Platforms, Inc. (FB) closer to our Buy areaIf you haven`t shorted FB at $340:
Then you should know that after the SNAP guidance warning, Facebook could face the same problem!
My first price target is $162.
Looking forward to read your opinion about it.
Facebook's stock will continue to riseThrough the wave analysis of the price action, the stock price is expected to reach $290.