META day trade and monthly swing idea - jtgladiatorNASDAQ:META
META is looking weak at these level. Its setup for a really great monthly swing.
Lets watch the price action and see what happens.
Here are my levels:
For the day traders/weekly player:
170c > 163.05 Confirm hold above this level before taking calls.
Grab puts 160p on the rejection of this level.
155p < 159.17 PT is 155.23.
If this level holds and there is a bounce, then grab the 160c.
For monthly swing play:
The swing entry for this is 155.23 with a PT of 137. I am hoping this stays an inside candle for the next two days.
be prepared for the reversal to grab calls...but I think this is put city.
Let me know what you think in the comments
Meta
$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.
$META-bolic move to the downside!-RECAP🔸️Ticker Symbol: $META🔸️Timeframe: 4 Hour 🔸️4X Bear Pattern 🔸️Investment Strategy: Short
Technical Analysis Recap: Yesterday I posted my TA on $META; and today we had a massive push to the target area to $168; Money momentum was flowing out of the market, we were rejecting hard off the top of our regression channel. We got our 3rd and 4th bearish signals from our middle red band, and a key ema cross. $-8 move on META in one day was exactly what we predicted would happen! What a great move to end a great week of trading.
META - A promising breakdown I was really hoping META could hold the 172 - 173 support which was also a merge of different EMAs but it gapped down much like other stocks today with high volume. the 155 - 158 level has been a great level for me with a target of 170 and it comes from a long term support (from 2019) you can draw on the weekly/monthly chart. Let's check this out in a few days when the RSI cools down a bit more.
$META-bolic move to the downside!🔸️Ticker Symbol: $META🔸️Timeframe: 4 Hour 🔸️4X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: We have seen a 4 week rally in the markets and due for a pullback... looking at $META, price is currently overextended into our regression channel, and money momentum in our red band indicating a pullback. Play the trend, as the likelihood of a continuation is high. The next major level of support is $168, equating to a -$8 move on $META. Take advantage of this massive move lower in the next week. Money momentum shifting lower, we have a key EMA crossover, and a major rejection on the upper linear regression channel.
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⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
Meta – Is it Finally Time to Buy?If you like this idea don’t forget to BOOST it.
Fundamental Indicators:
Sector – Communication Services
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue – consistent growth for the past 10 years, 25% average annual growth rate for the past 5 years but with a considerable slowdown in 2022 TTM
Profits – dropping in 2022 TTM
Net margin – impressive 28% but reduced from previous 30-40% levels
P/E – already acceptable with 14 ratio compared to S&P500 with 21 and Communication Services sector 17
Liabilities - debt ratio is at 0.26 which is within normal limits, Net Debt/ EBITDA is negative – no problems with debt
Conclusion – although still good financial performance the latest reports are showing slowdown in user base and ad revenue growth, as well as high CAPEX investments into new platform Metaverse – all indicating that there are no positive signs for the new growth cycle yet, but given low PE it is likely to have another mid-term rally (see below scenarios)
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that the peak of August 2021 saw completion of the first global wave, and we are currently observing formation of wave 2 (see higher timeframe graph)
The sharp fall from historic high is likely to be the first leg of the overall correction in wave 2 and is shaped by ABC zigzag
Wave A and B have been fully completed and wave C is also near completion with an Ending Diagonal in wave 5 (see guidelines for Ending Diagonals below)
Once the current low of $154.25 is slightly pierced by the final zigzag of wave 5 we are likely to see a rally to the upside, possible scenarios are depicted below
This is a higher timeframe to reflect the full history of Meta and to provide full wave count:
This is the link to the guidelines for Ending Diagonals
What do you think about Meta and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. And BOOST this idea if you like it.
Thanks
$META: WATCH OUT BELOW! BEARS COMING🔸️Ticker Symbol: META 🔸️Timeframe: 4 Hour 🔸️3X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: $META is currently in a bear regression trend channel to the downside. When we are trading in this trend, I like to look for areas where we could see a push lower to capitalize on price action. Along with being in a bear trend we also have our white line "money movement" shifting out of the market in conjunction with a red dot meaning a "key EMA crossover" on our dashboard below. If we continue in this pattern, I do believe we could see a test of approx. $169
4X 🟢 Bull Pattern Confirmation Requirements
✅️ Linear Regression Indicator Increasing
✅️ Money Momentum Shifting Higher
✅️ Green Dot: Key EMA Crossover to Upside
✅️ Green Middle Band: Bull Market Momentum
4X 🔴 Bear Pattern Confirmation Requirements
🔻 Linear Regression Indicator Declining
🔻 Money Momentum Shifting Lower
🔻 Red Dot: Key EMA Crossover to the Downside
🔻 Red Middle Band: Bear Market Momentum
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TWTR UPTRENDING DESPITE EARININGSNYSE:TWTR
has been running for 4 weeks with a RSI now over 80%
By comparison, META is sideways.
Musk just liquidated $6B in TSLA to fund a contingency
in case the court forces the contract to purchase at $54.20
www.cnbc.com
This may cause buying pressure at the present price
far below the contract price. Potentially a short
squeeze could augment the price action.
This may be a good time for a long entry on TWTR.
Is $META a VALUE TRAP stock??I've been keeping an eye on this stock during the last year. In the beginning, I couldn't understand the punishment by the market that this stock was receiving.
The stock lost around 60% of its price from its all-time highs in September 2021.
A company trading at 8X EV/EBTIDA and in a range from 13X-15X P/E in 2022 may seem like a value investing opportunity.
They haven't lost users on their platforms. However, businesses reduced their ADVERTISEMENT BUDGET.
Surprisingly, with changes in iOS 14.5 (Mid 2021), issues for advertisers who rely on META to sustain their businesses appeared.
The Q2 2022 Earnings proved the deceleration of META's growth. The stock crashed, while the rest of the techs were rising from 5-10%.
Don't take me wrong, META is a fantastic business. No debt, high margins, growth, buybacks, it has everything that the books taught us.
The USA Economy is in a recession, companies are going to cut costs in order to remain profitable (those who can). This means layoffs, caution in undertaking new investment projects, cutting advertisement budgets... and here is where META is going to be hurt.
META has pricing power and MOAT, the problem is that the demand for ads will decrease due to the recession (as we saw in the last earnings release).
META still has a lot to do in order to make Reality Labs a meaningful and robust stream of income in their business model.
For the short-term, I remain short for $META. But this doesn't mean that when things recover over the long-term, and the Reality Labs investment starts to flourish, we can see even higher margins in the company and more growth. This is the only way I see $META making new all-time highs.
From a technical point of view, if the price breaks the $155 support level, we can see it between $120-$140.
If it remains in this lateral channel, we can see it going up to $170-$180, even $195 if there is some kind of momentum.
Overall, I would prefer to stay out of it till it goes out from this bearish channel. I see the stock trading at $120-$140 till the end of the year.
I have some stocks for the moment that I'm planning to sell at breakeven ($180).
If I don't have the opportunity to sell now, I will HOLD them for the long run, probably add if I see it at $120.
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).
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