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META to $147.35 (Short -10.8%)meta platforms has experienced a strong sell for sometime and rejected the $155 mark 3 times....but still failed to rally up. Aacording to my resistance at $172 at 61.8 fibo region. i expect meta to short to $147.35 precisely (there can be a possible rejection at $155). this will be a $17 off this stock!!! Other way round, if there's a buy clear breakout of my rejection zone then meta will short from $172 to repeat it's two times rejection at that resistance
NASDAQ:METAShort
by DAdepa
$META FACEBOOK Falling Wedge on weekly, will it HOLD SUPPORT?META has a falling wedge on the weekly timeframe with support at the $155-$160 Levels, these levels would be perfect for accumulating a swing trade. Holding those support levels during this $SPY correction period is crucial for this pattern. Losing those support levels would be bearish scenario and would invalidate this falling wedge pattern. FACEBOOK's measured TARGET on the falling wedge lies at $226. A possible big announcement is in the cards for META FACEBOOK if it maintains the expected levels. SPY has had a fire rally the past month so it is not surprise that its spent the past 3 days cooling off, Jackson Hole conference is this Friday, if we don't get a bounce before, we could expect a small bounce on the day of the event as most tickers are hitting oversold territory on the smaller time frames.
NASDAQ:METALong
by ChaldeaCode
3
META Bottom formed. Ready to break 4 month Resistance.It hasn't been that long since we last took a look on the Meta Platforms (META) and called for the last chance to find buyers and reverse its fortunes: As you see since then, the stock has been trading sideways within a consolidation phase of lots of uncertainty fundamentally. Today however, the price broke above the Shoulder line of a Head and Shoulders pattern that started last month. Technically, this could be the ideal bottom formation for the majority of investors, with the price also above the 1D MA50 (blue trend-line). With the 4H MA50 (red trend-line) supporting, if the price breaks above the April 05 Lower Highs trend-line, it will most likely be the final confirmation that the company has re-entered its long-term growth trend. Ideally, we would like to see the 1D MA100 (green trend-line) break but the Lower Highs trend-line could do alone, especially with the 1D RSI on Higher Lows since June 22, indicating a strong underlying bullish sentiment. Our medium-term target is the 1D MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
NASDAQ:METALong
by TradingShot
4
$META to bounce back to $261?While everyone has now turned bearish on the stock market, I think we should now see a large bounce higher in many stocks. For $Meta specifically, price bounced off of my support line and now looks to be squeezing higher. The first key level price needs to make it over is $180. If we can make it over that level, then I think price will likely test the $219 level as resistance. It'll probably take a couple of tries to break that level, but I see price eventually breaking through it and heading to the $261 level which should be the final resistance before price falls lower. I'm looking at a trade from my entry at $162 up to the $200+ level (ideally up to the $261 resistance). I've added some key pivot points to look for changes in price action. Let's see how it plays out over the coming months.
NASDAQ:METALong
by benjihyam
Insiders Knew Something...(READ CAREFULLY)If you had watched Uber's chart in the past two weeks you have probably realized that it goes one day +5% the other day -5%, next day +4% and again -4% ....; Experienced traders know that's a scary signal that indicates company is running out of money and is scrambling to survive with speculation ! This common phenomenon (+5%, -4%, +4%, -5% ...,) happens just few weeks prior to bankruptcy. Speculation is because of no operating income...!!! Has lost more than 60% in the last year and is taking its last breaths.
NYSE:UBERShort
by jayjayman
3
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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
NASDAQ:META
by TradingShot
2