META uptrendAll on the chart. META is sitting above EMA10, looking positive. Supports have been holding. Will follow the week and then zoom out to a weekly chart for a review.
META trade ideas
#BA moving in EW3. Expect still bearish .#BA Daily chart bearish harami cross and rejected trendline.
#BA moving in EW3, so i still bearish #BA until it can re-test level 185-187$.
The last breathThis mini channel looks very weak. I think is going to break down, there is mayor resistance above and it doesn't look like wants to break it. I'll buy some puts tomorrow and see how it goes.
🎯 Trade Idea for $META:🎯 Trade Idea for NASDAQ:META :
With a strong rebound off the 9 day EMA 📈, wedge breakout 🔓, confirmed by the candle 🕯️, plus a 2-2-2u reversal in play on both daily and weekly charts 🔄.
📲 Calls to consider over $240.26.
🎯 Target prices at $241.75, $244.92.
📉 Puts to consider under $235.33.
🔻 Target down to $231.55.
Correction to $180 zone After completing an institutional buying module, which started since June 2022 and since we have closed a large segment that started since April 2022, I think it is very likely that a correction will start that will take us in a few weeks to the $180 price zone.
An entry below $230 with a stop at $245 which gives us a risk of 6.88% and with a possible profit run to $187 with a return of 18.6% is an r/r ratio position of 2.7, not bad.
META Update: Finishing Wave ((1)) of VMeta has made it to my target box for its wave ((1)). However, due to the MACD I still believe we have OMH to make before heading lower in wave ((2)). It's not required as this count can be considered complete. Either way, at this point you are trading for scraps and exposing yourself to a potentially big loss. The first drop of wave 2 is the A-wave which usually happens very fast and with little notice. I expect this wave ((2)) to take us to the 0.618-0.786 in the low 100's.
Bonam Fortunam,
--Tyler
KalaGhazi | Meta PlatformRise and shine!
Meta Platform has been performing really well in the past few months
Cup and HandlePrice is pulling back today but is still above the 50% mark.
Possible gap fill looming.
T1 and T2 have been met. Sometimes all we get is T1.
No recommendation
META SHORTI have 4 reasons we I am taking a short position on META:
- The timeframe I am using is Weekly, so the first indicator is the Moving Average of 200 days. As you can see on a chart we are trading right at 200 days MA line, we had our FED meeting, CPI numbers, and Earnings Report. There is really nothing left to move the stock up at this point. All the major companies are already reported their earnings so it is going to be hard to push up at this point. So first major resistance is 200 day MA line.
- RSI is also above 70 as of right now, remember I am using a weekly chart. Above 70 means it is telling us the stock is at the overbought level and it needs to cool down.
- MACD is also trading at an extremely high level above 20, it is rare to see a chart, especially on a weekly timeframe that is trading above 20 on the MACD level.
- Last reason is Fib Retracement because I am using a weekly chart I used retracement from an all-time high to a recent low. At this moment Meta is trading around 0.5 and facing resistance.
There you have it we have RSI, MACD, Fib Retracement, and 200-day MA indicating that there might be a big short movement coming up.
Cup and HandleMarket darling and I am not sure if it matters if growth is expected or if they miss earnings.
The markets seems to neglect negative data on some stocks and this is one of them.
C&H patterns are calculated using the depth of the cup. Cup low is 88.09 and the left side/also known as the sell side/ is 183.85.
No recommendation.
META has no dividend.
Sometimes we do things that have no rhyme nor reason, but it cranks our tractor so we do it (o;
EPS (FWD)
9.64
PE (FWD)
21.31
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
1.30%
Market Cap
$532.40B
META levels for options tradingMETA daily and hourly
Holding the 9EMA pretty well on the daily and consolidating in a tight range. watching this little pattern on the hourly ping pong back and forth. I have eyes on 236-237 as a resistance and 230 zone as support. Watching for which side breaks first, until then can trade the range in between.
Meta to 190$ Meta reached the top of the trend line about to get rejected. Watching it to retrace back to 30day SMA to break down from rising wedge.
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