Meta breakout in Facebook - Head and Shoulders Bottom at SupportNASDAQ:FB
META, formerly known as that one company, set to explode after news of changing its name to META in anticipation of the forecoming immersive digital experience they intend to build. FB/META will win in this space because of early mover advantage and capital to acquire growing leaders.
Inverted Head and Shoulders (bullish) at trendline support is a BUY SIGNAL for me here at $350.
I am LONG NASDAQ:FB .
bullish head and shoulders on Meta .?!NASDAQ:FB
So as we can see there has been an uptrend which was recently broke and now price has created a head and shoulders pattern and also volume is confirming it .
everything is kind of clear in the chart
if u have any questions I can reply , ask it in comments
what do you think about it ?? what's your idea ?
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.
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.