$META - Losing momentum. All eyes on ER.NASDAQ:META is losing momentum. Oscillators are currently trending down. The company better bring a blowout quarter on April 24th ER or it risks filling the gap and checking back to that multi-year trendline. 👀by PaperBozz0
Meta aims to rival OpenAI with advanced AI tools. Idea 22/04/24Meta Platforms Inc. is ramping up its efforts to compete with AI industry leader OpenAI by launching early versions of its latest large language model, Llama 3, and a real-time image generator. These advancements are part of Meta's strategy to enhance its presence in the AI space, integrating these technologies into the Meta AI virtual assistant. This assistant is touted as a highly sophisticated, free alternative in the market, excelling in reasoning, coding, and creative writing tasks. Further integration of the AI assistant is planned across Meta's suite of applications, including Facebook, Instagram, WhatsApp, and Messenger, as well as a new standalone website, significantly broadening its user interface. Looking at the investment potential, here is the technical analysis for Meta Platforms Inc. (NASDAQ: META): The Daily (D1) timeframe shows established resistance at 512.20 USD and support at 487.15 USD. The stock is currently experiencing a correction after pausing its uptrend, with prices yet to touch the global support line. If the stock price rises above 487.15 USD again, it is expected to resume its upward trend. Conversely, a fall to 452.50 USD may be imminent if the downtrend continues. Investors might consider buying the stock once it reclaims the support level at 487.15 USD, with a short-term target of 530.00 USD in view. For those with a medium-term outlook, holding a long position up to 550.00 USD could be advantageous. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by RoboMarkets0
$META Bloodbath continues Friday 4/26The 10D chart continues to show significant signs of breakdown after the 13 count. The next 10D candle begins on Friday 4/26. This candle looks to be the start of another leg down towards the 20d SMA around $400. Easy money here. a $100 Move from $500 to $400. Good Luck out there. Shortby TazmanianTrader0
Meta Meta is looking like its in phase c of a #wyckoff Distribution top. A Large Ripsaw is at play with a low at 70. #meta NASDAQ:META #facebook #stockmarket #investor Shortby awakensoul_369114
$META 13 Count ending Friday April 12th9-13 Reversal Possible. If Price Action remains stable, the 13 count 10D candle will end on Thursday, April 11th. For now, stay patient while price chops around this area. Loses $500, will head for 480s. Hourly suggests a pullback to $498 based on MACD plateau. by TazmanianTraderUpdated 0
NYSE > short > METABased on my graphic analysis I observe a bearish projection reaching minus 11% in the price of this corporation, that is; from $481 it will drop to $427. With a buy exit emerging at $523, it is worth remembering that the exact time the decline will take is unpredictable, the market will simply do its job. We can mention that it will happen within the next 15-20 days from this post! REFERENCES: * Green line: emergency exit price: $523 = -9% * Red line: selling price (position) $481 * White line: profit $427 = +11% However, it is important to remember that these marked lines must be respected. If the price goes up 3 to 5% after you execute the position, don't try to improvise and change everything. The movement could return to the initial direction and you will be left frustrated! "Sitting quietly and waiting for the operation to develop most of the time will allow you to earn much more money. That is, sit in the stands and enjoy the spectacle that the bull will present to you, control your emotions, since the biggest enemy of "The time to invest is yourself" As for capital management, I leave it to my personal discretion knowing that we must always have money flowing and remain firm in the market. Greetings and I hope you take advantage of this good negotiation opportunity! > Josias Baltazar.nShortby JARTRADING22
Buy Low, Sell High: Meta and Nvidia's Opportunity NowBuying NASDAQ:META and NASDAQ:NVDA : Balancing Risk and Reward Despite the recent market downturn, the long uptrend and strength of Meta and Nvidia remain intact. While short-term market fluctuations may present challenges, the long-term growth potential of Meta and Nvidia outweighs the current market volatility. Risk-Reward Profile: While investing in any stock carries inherent risks, the risk-reward profile for Meta and Nvidia appears favorable at current levels. Despite short-term losses, utilizing volatility to compute a close stop-loss level can effectively manage risk in this negative environment while leaving ample room for potential gains. This strategy, frequently employed by seasoned traders, maximizes opportunities in turbulent markets. Stop level: 480 Weekend Factor: However, it is important to keep in mind the negative exposure to war-related news associated with any long trade carried before the weekend. There's no guarantee that Monday's open will align with or exceed the stop level, potentially resulting in larger losses than anticipated. Therefore, investors should carefully assess their risk tolerance and adjust their positions accordingly. *************************** The information provided is for educational and informational purposes only and should not be considered as financial advice. Investing in stocks carries risks, and individuals should conduct their own research or consult with a financial advisor before making investment decisionsLongby CF_444Updated 1
Big week ahead for $META. Will they beat or miss earning? Big week ahead for NASDAQ:META Q1 Earnings out Wednesday after market close 🕖 Will they beat or miss earning? 🤔 Will the earnings gap get filled?by JK_Market_Recap0
META gap supportRSI divergence for last two peaks. RSI not over sold yet. Before the earnings #META might test gap support 450 ish by dreamTrades01221
META: Is it the top or one more high leftTechnically META top could be in. Like NVDA, it can keep sliding until a critical support level breaks and waterfall ensues. However, the last wave 5 of 5 did not quite end in a blow off top type fashion; something you would expect from a major primary degree top. There was however, significant RSI bearish divergence on the daily timeframe, that tells us it was some kind of a top. I am not sure if it was a wave 5 of 5 top or a wave B or 4 type of top on the minor degree. One way to tell would be for $460 - $450 support to hold. If that does not hold and stock slides to fill the large gap, then that weakness would be very difficult to overcome and one thing would lead to another thing and next thing we know, price will be in the 200s. So, that is my line/zone on the sand. This is however, a bit scary to stay long and potential upside is limited at the moment. It is better to see how things play out and eventually not in a distant future, there will be a great opportunity like late 2022 to get in this stock for a really life changing growth.by mukit10
META / FACEBOOK SELL META SELL SIGNAL SELL ENTRY - $494 SL - $519 CURRENT PRICE - $481 OBV volume trending down. Shortby SpecuVisionary2
META eyes on $489.06: Golden fib, Double Top? or Pop to 564 ?META is pounding on a Golden Genesis fib at 489.06. Notice the bottom EXACTLY on a Golden fib at 87.47. Also see the peak at 198.47 and orbit around 309.57. It is PROBABLE that we orbit this fib a few times. It is POSSIBLE we have topped, at least temporarily. It is PLAUSIBLE that it breaks and pops to the next fib. Here is a full view and explantion of the Genesis Sequence: ==================================================================================================by EuroMotifUpdated 2220
META: Buy ideaBuy idea on META as you see on the chart if only if we have the breakout with force the resistance line and the vwap indicator by a big green candle follow by a large green volume! Thanks!Longby PAZINI192
Meta Earnings mid next week.. Sitting here on support of channel from last earnings gap up. Over next few days i expect Meta to rebound to atleast 510.. a break over 510 and or that minor channel (White lines) and meta heads back to 520.. Long term i think this stock is headed for a major correction Bearish divergence On RSI has been playing out for last 2 months.. Bearish divergence is just a Condition, You a need a trigger for the sell and earnings just may do it ! Long to 510 , over 512 and it heads to 520... Longby ContraryTrader2211
META - Long - TP 358Meta showing the tendency to go further higher to the levels of 358. The stock is expected to hit the levels of 300 or even to 269 before moving to 350+.Longby Investing_TradingUpdated 2211
META: TikTok-Induced Correction Afoot It looks like NASDAQ:META has found a meaningful top as more technical signals agree a short setup has formed. Three significant trendlines have been broken, and today a significant fib retracement level was neatly rejected as TikTok drama continues its inevitable path of escalation. It's tempting to immediately target the gap below, but there is a POC on the 4H that is perfectly confluent with the .786 fib retracement level that I would expect to act as a strong support level temporarily. Technicals aside, META will certainly get caught in crossfire of some sort from further regulation of social media. Social media companies will likely struggle in sympathy as the situation continues maturing. With an extraordinarily overheated macro backdrop, and an incredibly delicate geopolitical landscape, NASDAQ:META is liable to be put under additional pressure on its decline.Shortby LamboSoupUpdated 113
META PUTExpecting the price to test $508 zone and drop even further to $490 and $484 demand areas, as the price is seemingly showing early trend reversal signs.Shortby Jakh_FX2
Meta Platforms, Inc. (META) Technical Analysis.Meta Platforms, Inc. (META) exhibits a compelling uptrend within a well-defined bullish channel, as observed on the hourly chart. The price action, confined within this ascending channel, points towards a consistent bullish bias, complemented by the recent rebound off the channel's lower boundary. Channel Dynamics: The ascending channel, marked by parallel trendlines, encapsulates the price fluctuations and serves as a guide for potential support and resistance zones. The lower boundary of the channel has successfully provided support, prompting rebounds on multiple occasions, while the upper boundary has capped upward movements, offering resistance. Fibonacci Retracement Levels: A Fibonacci retracement applied to the swing high and low reveals that price retracements have found support near key Fibonacci levels. The 61.8% retracement level, often referred to as the 'golden ratio', appears to align closely with the lower channel support, enhancing its significance. Relative Strength Index (RSI): The RSI indicator hovers around the 70 mark, indicating strong momentum but also approaching overbought territory. It is pivotal to monitor for any divergence that might suggest a weakening in the current trend's strength. Volume Analysis: Volume patterns display a healthy mix of buying and selling, with no significant anomalies to suggest a reversal is imminent. Spikes in volume correlate with key moves in price, affirming the validity of the trend. Market Sentiment and Forecast: The robust structure of the ascending channel, in conjunction with the RSI and volume analysis, posits that META is poised to continue its climb, with potential resistance at the upper channel boundary. Traders might anticipate pullbacks to the lower channel line as buying opportunities, while mindful observation of RSI levels and volume spikes could signal when the trend may be overextended. Trade Strategy: A prudent approach might involve setting buy orders on retracements to significant Fibonacci levels with stop losses just below the channel support. Profit targets could be set near the upper channel line or upon RSI indications of overbought conditions. Conclusion: Meta Platforms, Inc. presents a technical posture that favors continued upside, underpinned by the current price channel formation and supported by momentum indicators. Traders should remain vigilant for any signs of trend fatigue and prepare to adjust strategies accordingly should the technical landscape evolve.Longby AxiomEx3
META: Potential 5 to 10 Bagger in 2024Fundamentals: If the NFP numbers explode up on Friday, then that means that the FED might have to increase rates, putting pressure on US companies' earnings. This may cause META to topple a bit before earnings. If not, then the same rate for longer. It is the first Friday of the week. Sales have accelerated in META and earnings are above 20% q/q. However, its three-year earnings are below 5%. But if this changes when earnings come out in April 2024, then that will renew META as a super stock for 2024. It will be added to the two I already have: NOW, and NVO. Technical Market Scenario: The SPX500 has a 2.5%-10% market correction. Then rallies to Around 6000 By End of 2024. Technicals: ON the daily chart, META broke out and pulled back with higher volume, signaling caution for tomorrow. If it does not continue tomorrow, then I anticipate consolidation for the month in META, then an earnings breakout. uHd with extreme bullish indicator. META bounced off of daily 486 horizontal support. Daily flag pole breakout Daily Chart: Weekly Chart: Comment: If the above scenario plays out and insider and investor expectations increase or are solid, then I expect META to be at $600 to $1000 within 12 months. However, If META topples, then there is a large buy zone area to watch at $400; a confluence area of a 50% fib, horizonal support from September 2021's all-time high and kijun support. Longby Rocketman0
Meta Surged to New Heights is there Room for Continued Growth Meta and Amazon stocks have risen following an increase in their price targets by a Wall Street analyst team. Jefferies, the analysts, reiterated a buy rating for Meta ( NASDAQ:META ) and raised their price target for the Facebook parent company to $585 from $550. Additionally, they raised their price target for Amazon stock to $225 from $190. Meta's stock has risen more than 3.5% to $525.62, and Amazon's stock is up more than 1% at $184.88, approaching an all-time high above $188 reached in July 2021. Jefferies' report stated that Meta ( NASDAQ:META ) has too many advantages to count compared to competitors in the digital advertising market. Meta's revenue is mostly driven by ads, and the company has been investing in artificial intelligence tools to help drive more engagement and ad sales on its applications. They include Facebook, Instagram, Reels, WhatsApp, and Threads. As a result of these investments, Meta ( NASDAQ:META ) has developed several strategic advantages over peers, such as a strong artificial intelligence-based recommendation engine for its Reels short-video product that is driving more time spent on Facebook and Instagram. Meta ( NASDAQ:META ) is set to report its first-quarter earnings on April 24 and has seen a 47% increase in its stock price this year. In addition, Meta Platforms Inc. ( NASDAQ:META ) is reintroducing cash bonuses for content creators on its social media apps. The company is testing the "Spring Bonus" initiative in the United States, South Korea, and Japan, rewarding creators on Instagram for engagement not just on videos and reels, but pictures as well. The maximum creators can earn in thirty days is $30,000. The company will also similarly reward select creators for engagement on Threads, its Twitter-like social app, and content labeled as "collaboration" or "branded" will not be eligible for monetization. Technical Outlook Meta ( NASDAQ:META ) for 20 weeks now has been trading above the 200, 100 and 50-day Moving Averages respectively with a Relative Strength Index (RSI) of 63 indicating strong bullish sentiment.by DEXWireNews2
Identifying a Bullish Pennant on Meta's 1-Day ChartThis lesson examines a potential bullish pennant forming on Meta Platforms Inc. (META), formerly Facebook, on its 1-day chart. What is a Bullish Pennant? A bullish pennant is a continuation pattern in technical analysis that suggests an asset's price is consolidating after a strong upward move. It's characterized by two converging trendlines, forming a pennant shape. The target price for a bullish pennant breakout is typically the height of the pennant added to the breakout point. Identifying the Bullish Pennant on Meta's Chart: On Meta's 1-day chart, we can observe: Price Consolidation: Following a significant price increase, the price appears to be trading within a narrowing range between two converging trendlines. This consolidation phase suggests a potential pause before the uptrend resumes. Target Price: By measuring the height of the pennant (the vertical distance between the trendlines), we can estimate a potential target price upon a breakout. Adding this height to the breakout point (the price where the price decisively breaks above the upper trendline) provides a preliminary target. In this case, a breakout above the resistance level could suggest a target price of $690 Important Considerations: Confirmation from Other Indicators: While a bullish pennant is a positive technical signal, it's not a guarantee of a price increase. Look for confirmation from other technical indicators like: Volume: Increasing volume on the breakout can strengthen the bullish case. Moving Averages: A rising 50-day or 200-day moving average can indicate an underlying uptrend. Relative Strength Index (RSI): An RSI value below 70 on the breakout suggests the stock isn't overbought, potentially allowing for further price appreciation. Market Context: Consider any recent news or events that might be impacting Meta's stock price. Positive news can fuel the breakout, while negative news could hinder it. Support and Resistance Levels: Identify key support and resistance levels on the chart. A breakout above a resistance level is more significant if it's accompanied by increasing trading volume. Target Price: The target price based on the pennant pattern is an estimate, and the actual price movement could deviate significantly. Conclusion: The potential bullish pennant on Meta's chart suggests a possible continuation of the uptrend. However, it's crucial to use this information alongside other technical indicators, fundamental analysis, and proper risk management practices before making any investment decisions.by ParabolicP333
METAMETA is showing strong resilience, consistently bouncing off my trend line upon retesting. The upward momentum in META appears promising at this stage.Longby AmyThongbai6
META to $455Overview META is approaching a possible landslide that may take the share price to around $455. An influx of insider liquidation paired with healthy market skepticism supports the possible correction. Fundamentals Overall the company appears healthy according to their 2023 Annual Report. The only filings that I found concerning was the abundance of 144s that indicate insider liquidation. As of late, insider liquidation has been heavily present amongst most of the Magnificent Seven companies (GOOGL, AMZN, NVDA, and TSLA) Technicals A bear flag is forming after the rally momentum rounded out and is now beginning to develop a descending triangle. The oscillators don't support a breakdown at the current time so a possible bounce back to the triangle's resistance line around $505-510 is possible as the pattern continues to develop. Shortby Shepherd_Investor2