Another large, curved, momentum shifting structure for METAAnother one of these large, curved, bottoming, momentum shifting structures for META. Could be a good time for a long position.
META trade ideas
META Interconnected WavesTiming related Fibs:
Relatively price oriented Fibs:
I know I should have put 0 on top but it would complicate things. Since 0.618 x 0.618 ≈ 0.382, we'd just put emphasis at derivative.
Cycle based angle indicates golden ratio just upper to the current price.
Wave Interconnectedness:
However I'd focus on relatively recent price levels.
Lines will act as counter force regardless of price direction.
WILL META STOCK CONTINUE TO RISE?Looking at the position of this asset, I will say that if the TL is strong enough to hold as support, then I will target $200 as my first buy TP.
Note: $200 zone is also the FIB38.2 zone making it a significant area to watch out for.
However, if the Trendline fails, we may be heading downwards $150 to fill the gap.
I hope fundamental favours META
SHARE YOUR OPINION, LIKE AND FOLLOW
META: Wait for possible bounce at 176support and bottem trendline support at 176, wait for it and see if it bounces, if not, look for gap fill down to 150s
META ShortSupport/Resistance
Possible double top
Short Entry 182
Stop 202
Target 150, 120
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
SELL META STOCKGood sell opportunity in $META after this breakout of the uptrend, now targeting double bottom at $125.
Low IV consolidation IV Rank on META is relatively low currently based on historical averages and the previous earning reports have been negative.
Looking to create an Iron Condor one standard deviation away from price to collect premium on the time decay as there may be some sideways trending movement
META: Possible LONG Setup Ahead - Fundamental NewsMeta Platforms has faced some challenges in recent times, with a drop in share prices since its peak in 2021, and investors remaining cautious about its future prospects despite a recent recovery. Its advertising business has been struggling to maintain its former success, which has put significant pressure on the company's profitability. However, Meta's family of apps has experienced growth in engagement throughout 2022, which suggests that the company is still relevant. To improve efficiency and profitability, Meta is focusing on cost-cutting measures in 2023.
Nevertheless, there are concerns about Meta's recent investment in the metaverse industry, with the Reality Labs metaverse business showing a slight decline in revenues in 2022. While the potential for the metaverse to generate significant revenue is optimistic, the industry would have to reach mass distribution to achieve such numbers. Furthermore, it may take longer than expected for the metaverse to gain mainstream adoption, resulting in a lower return on investment for Meta.
Overall, there are too many uncertainties for most investors to feel comfortable with Meta's current situation, with the advertising business under pressure and the metaverse venture still burning through cash. However, for investors with a high tolerance for volatility, taking a small position in Meta stock could be an option if they believe in the long-term recovery and growth of the advertising business and the potential for the metaverse business to generate significant revenue in the future.
quickTrade Recap : $METAHow my levels worked out last week on $META.
Double breakout on both directions.
The bullish side followed the ema 21h that crossed up the 50h
META Simple Chart AnalysisMeta - Rst 196.9 Supp 167.6
Meta will retest back 196.9 area here & attempt a breakout.
META Short-Term InterconnectednessWave simulation relative to recent decline in terms of Fibonacci ratios. Using critical points of correction to build interconnected structure for determining limits of current wave as function.
Fibonacci channels are the most suitable for fractal analysis because it enables us to use specific angles which is %/Time. Like a rate of change of a function in my perception.
The steeper is the angle of FC, the more it relates to Time. (Cycle separation into stages)
Shallow angle relates more to price levels which act like boundaries of approaching wave. Some fibs will cause "reflection", some will allow the price to pass.
Bear Bounce in META May Push Further before Downtrend ContinuesPrimary Chart: Daily Time Frame, 8-D and 21-D EMAs, Long-Term Fibonacci Levels (Retracements of META's Entire Range), Uptrend from Nov. 4, 2022 Low
SUMMARY:
META remains in a severe downtrend since its all-time high in September 2021. The primary-degree trendline remains unbroken and in effect. A shorter down trendline for most of 2022 has been broken coinciding with its recent upside price action.
META is experiencing a corrective rally, also known as a bear bounce (until proven otherwise).
Bollinger Bands support the idea of further upside with the mouth of the bands expanding, and price walking the bands to the upside. The Donchian Channels also show that price is reaching multi-month highs, and its 21-period range is expanding as price pushes higher.
Target 1 lies at $142. Target 2 is $149. Target 3 is $157-$158. Each target requires that price reach and hold the prior target on a daily close. Each target is a condition precedent for the next target's viability.
Invalidation levels include the uptrend line from November 4, 2022 lows as well as major support levels at $112 (key structural low), $115-$116 (volume profile).
META began its decline much earlier than the broader indices. It peaked at an ATH on September 1, 2021, while SPX peaked on January 4, 2022. It has appeared to lead indices by a few months in this bear market. The long-term uptrend line from 2012 more than a decade ago was decisively broken in early 2022. This suggests that it may take a while for META to begin carving out a new uptrend line at a less steep angle based on whatever bear-market lows are formed—whether that be the November 4, 2022 low or a (likely) new low in 2023.
Supplementary Chart A: Monthly Chart of META with Decade-Long Upward Trendline
The bear-market downtrend lines are shown on Supplementary Chart B. The pink line on the Primary Chart reflects the primary-degree of trend since the all-time high in mid-2022. That line has not been broken, and price remains well below it. The dark-blue line is a shorter trendline that lasts for most of 2022. It was broken to the upside in early December 2022. This is no surprise. Steeper trendlines are less sustainable, and often end up being replaced by their less steep counterparts. The break of the dark-blue line is not an end to the bear market, but it does signal a short-term shift that coincides with the sideways to higher corrective rally taking place.
Supplementary Chart B: Trendlines within META's Current Bear Market
In this bear market, META made its most recent low on November 4, 2022. An uptrend drawn from that low is drawn (pink line on Primary Chart above). META's short-term EMAs show that it has been rallying in earnest since this November 4 low. Note the slope of the 8-D EMA and the 21-D EMA. While these are simple indicators, sometimes their simplicity can cause some to miss the power of their message—indicating the short-term trend. The short-term trend remains positive, with price finding support at these EMAs. When price falls below the 21-D EMA, it quickly rises to reclaim it. See Primary Chart.
The Bollinger Bands also reflect the upward rally, which should be deemed corrective until proven otherwise. The Bollinger Bands are widening at the mouth, and when price pushes through the bands to exhaustion levels (set at 2 standard deviations on this daily chart), it falls back but quickly pushes back into the bands. Yes, the CPI could end this prematurely, but technical analysis suggests this stock has further to run before it resumes its longer-term downtrend.
Supplementary Chart C: Bollinger Bands
Similar to the Bollinger Bands, the Donchian Channels also reflect an increase in volatility to the upside. Price is pushing new multi-month highs, which is easily seen using this indicator. As the upper band of the Donchian presses higher with price touching it, that reflects new 21-trading-day highs. But a quick glance at the chart below shows that the highs exceed all highs since late October lows. The October 2022 highs are the ones that will likely be taken out next if the rally continues.
Supplementary Chart D: Donchian Channels
Major support lies at $112, and $115-$116. In addition, the upward TL can easily be used as an invalidation level for any short-term bullish trades. It can also be used as confirmation for any shorts that wish to enter when the bounce exhausts.
Targets are based on the measured-move concept and Fibonacci proportions. Target 1 is $142. That is the 150-day SMA. Target 2 is $149. This level is the measured move area where wave A (or wave W) equals wave C (or wave Y) from the lows. Target 3 is $157-$158. Target 3 is a confluence of levels including (i) the 1.272 extension of first leg of this rally projected from the start of the second leg, (ii) the .618 retracement of META's entire price range going back to the start of data on the chart, and (iii) the 200-day SMA based on today's date, which lies at $158.
The bounce idea is invalidated if price falls below $112-$116. It may also be invalidated (depending on several factors) if price breaks below the pink uptrend line from November 4, 2022 lows.
Lastly, to quickly and effortlessly see the major support (supply zone) for the current corrective rally, see the blue rectangle below. Breaking this level should signal the next leg lower is underway in the primary-degree downtrend.
Supplementary Chart E: Support / Supply Zone
Thanks for reading, and Happy New Year! May your trades and risk-management work out very well this year.
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Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed.
Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
META: Intraday KLsMETA 65m: Intraday KLs 182.49, 184.14, 185.14, 188.13; <178.99 upside invalidated; Displaying relative strength// ATR: 5.97, Beta: 1.20., IV: 39.96%//Bias: Neutral-Risk On// Price at time of publish 181.22
META PREDICTION Watch the Video!!
1 Hour time frame shows META in a rising wedge pattern I drew out. Within the wedge is also the Ascending triangle.
You can see where price brakes the Ascending triangle and bounces off 174.19
I believe Meta will likely continue up and reject off the top of the Ascending Triangle - 174.90
If It breaks and continues up I My thoughts are we reject off 175.60 down to the price of 167 then to 152 hopefully for a bounce.
IM TAKING PUTS Waiting for entry at 175. I also will hold my March 10 puts 152.5 till we fill that gap down.
GOOD LUCK
META Gap about to get filled?META GAP about to get filled? Looks like a 10% drop might be in the near future.
NASDAQ:META
META/FB could make a come backWe are seeing a nice rebound in Meta though we have a buy limit inside the yellow support zone which should give a better risk to reward ratio.
META ShortEarning, GAP up into Supply zone
Short Entry 190
Stop 202
Target 155, 120
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Q2 Tech. Sharing a chart of a collection of the larger tech stocks:
META
AAPL
AMZN
NVDA
GOOGL
MSFT
TSLA
AMD
INTC
Broadening wedge, testing the upper bound. Should get interesting.
Meta Possible Run BullishMETA can Reach the POC of the Volume Profile trace form the last Consolitadion. Good momentum so maybe a Good Entry soon. I hope this short Analysis can help to the community.
Any correction, idea or opinion it's well received.
Regards Axu.
$META Bear flag 15m In LiquidtyGave up the 50% retrace on this big pop from a bad ER. Swept liqudity today with a bearflag formation. I'd watch this to the 165's maybe 160's as all these stops get collected up for a possible run to the upside later.
