Meta wants to go back into that channelIts only a matter of time , before meta hits all time highs for now there is going to be a slight battle around 285 area in an attempt to get back into the channel.
META trade ideas
Meta trade updates (+49%)Meta, the company that owned Facebook and Instagram, released its first quarterly report for 2023, revealing a solid quarter for the company.
The company reported total revenue of $18 billion, up 10% from the same period a year earlier. This increase in revenue was primarily driven by user growth and increased advertising on its services.
In particular, monthly active users on Facebook and Instagram grew by 5% and 7% respectively compared to the same period of the previous year. The company also reported a 15% increase in ad spend on its services, which contributed significantly to the increase in revenue.
In addition, Meta has announced important future investments in virtual reality and augmented reality, a sector in which it is already the market leader with the Oculus department.
However, the company also faced some challenges in the quarter. In particular, Meta has experienced a slight slowdown in user growth in some regions, such as the US and Europe, which could pose a problem for the company's future growth.
Overall, Meta's 2023 first quarter was positive, with solid revenue growth and a promising long-term investment strategy. However, the company will need to continue to closely monitor user growth and ad spending to maintain its position as a leader in social media and technology.
From a technical point of view, Meta is about to close the important gap down at the beginning of 2022 which had started a bear market that lasted all year, a period in which I averaged an average price of 187.85.
Currently the gain of the position is about 50%.
Target gap closure at $290-291, where I will take home part of the profit.
Happy trading
Lazy Bull
Big tech puts ideaBig rejection a couple of days ago (big fat red candle) price is retesting but I don't think is going to break up. Most likely to be rejected again. Is extremely risky bc this is big tech, you know how they are.
Puts $260, 06/16
META H&S can send it skyrocket to $294, unless the MA100 breaksMETA has arguably been one of the hottest, if not the hottest, stocks of the year.
The minor (for its parabolic state) correction since Tuesday has seen it hit the MA100 (1h), which is so far holding.
This has completed a Head and Shoulders pattern, which is technically a bearish structure.
If the neckline but more importantly the MA50 (1h) breaks, we expect the price to invalidate the bearish signal of the H&S.
Trading Plan:
1. Buy if the price closes above the 268.50 neckline and the MA50 (1h).
2. Sell if it closes under the MA100 (1h).
Targets:
1. 294 (Fibonacci 2.0).
2. 250 (the MA200 1h).
Tips:
1. The RSI (1h) has crossed over the MA trendline. This is a short term signal of bullish strength.
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Meta is dancing on the lineLosing that 108.40 line, a quick short will take place to fill the volume gap untill 102.70.
Stop loss at 110.75.
META Stock Price ActionThe bears have taken out the bulls recently, Meta stock might continue to fall using the FVG price action strategy, the next liquidity level seems to be near the 255 area. Banks are long META, long term seems bullish still on monthly chart.
Meta long (1H)In our opinion, the price will rise again after it hits the entry level.
Target and stop loss are shown on the chart.
Meta waiting for selling a stop order !according to my chart analysis Meta Facebook will go down if price reached entry level .
META Entry, Volume, Target, StopWhen price clears: 248.00
With daily volume greater than average
Target: 267.50 area
Depending on your risk tolerance: 241.50 gets you 3/1 Risk/Reward.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
META - KEYLEVELS 1htfMETA - KEYLEVELS 1htf
Meta is strong on his up trend , also beacuse we have a broken resitance on weekly time frame.
But now this zone looks more and more like a distribution zone , carefful on short META , if you wanna do it, maybe you need to wait for a broken red line ( neckline ) with a scalp trade.
Short Meta vs Long MicrosoftAfter the huge rally in recent months, earning season and recession fears could be bearish for tech companies.
#Meta H4 The Setup For A $300/310 TestIn this update we review the recent price action in Meta Platforms and identify the next high probability trading opportunities and price objectives to target
META - DISTRIBUTION ZONE?Meta on 15m tf it is on Distribution zone , now from here we have 2 options: Sell or buy.
I Will short Meta under the Support or i will long it if the resistance zone will be broken.
Meta is Continuing the Rally towards the Next Key LevelFollowing the recent breakout on the initial key level, a continuation of the bullish rally is expected, driving the price further upward. The anticipation is for the price to maintain its bullish momentum and move towards the next key zone formed.
META-SELL strategyMETA is overbought heavily, and for that reason it is providing an opportunity here.
Strategy SELL @ $ 272 and take profit @ 227 for now. I would add at higher levels when seen.
