META - Parallel Channel DownfallHowdy Traders!
This is a short post to notify you guys on the downwards break of the parallel channel for $META. The price target is around $278.49.
Bona Fortuna!
META trade ideas
Chance to CorrectWe have almost reached the temporary high from end of August 2020 again which was valid until March 2021. This may serve as resistance now the more that it has been successfully tested in November 2021. The decisive outbreak in January 2022 led to e steep fall having persisted until November 2022. This has been corrected now with an impressive rise for over 1/2 year.
This rise has been uncorrected up to now and may run out of steam soon. A Fibonacci correction of the rise is likely now. Let's see to what level.
META Is this the start of a significant correction?Since November last year we have been issuing a strong buy signal on Meta Platforms (META) and our most recent analysis on February 02 (see chart below) came with a huge final bullish warning while the price was still at $189.00:
The stock hit $320.00 last week, almost filling the gap with the 1W candle of January 31 2022 (practically META's start of collapse) and pulled-back. The big question on the market this week is, can that be the start of a greater correction?
Well technically it is testing today the first key support level, the Higher Lows trend-line (bottom) of the 6 month Channel Up pattern that started in late February. If broken, it is unlikely to see the 1D MA50 (red trend-line) hold.
The key (technical) reason behind it, is the massive Bearish Cross that got formed this week on the 1W MACD. This is a major development as it is a rare event that always initiated a rather notable pull-back. More specifically, in the past five (5) years, we have had another six (6) 1W MACD Bearish Crosses, all making a Lower Lows after it. The minimum correction was -17.33% while the maximum -43.50%. Practically META made its large corrections (-43.50%, -38.60%) when it faced legal action and during the pandemic. The rest standard (technical) pull-backs ranged from -17.33% to -19.70% (also -28.15% on the last Bearish Cross but fundamentals were also present).
This is the reason we expect a pull-back below the 1D MA50 if the Higher Lows of the Channel Up fail (to close 1D candles above it). The minimum projected correction range of -17.33% would give us a pull-back to $265.00. A -19.70% would give $256.00.
That would start making META a technical buy again, where long term investors can start applying buying strategies with a tolerance level up to the 1W MA50 (blue trend-line).
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META suppressed by the 0.786 level of the golden section! META suppressed by the 0.786 level of the golden section!
This chart shows the weekly candle chart of META stocks over the past two years. The graph overlays the top to bottom golden section of 2021. As shown in the figure, the high point of META stock in the past two weeks has been suppressed by the 0.786 level of the golden section in the figure, and it has now returned to below the 1.000 level of the golden section! In the next few weeks, the META stock is likely to step back at the 1.382 position in the golden section of the chart, and then choose a direction to break through!
META Platforms Options Ahead of EarningsIf you haven`t sold META here:
Or reentered here:
Then analyzing the options chain and chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 290usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $27.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
META -- Long Ideai'm not expecting it to get to buy price till probably closer to end of month
would buy if countertrend break and buying happens
looking for something low risk / high reward
Meta needs some restMeta will probably return to continue its upward trend after a little rest, which may last a few months. NASDAQ:META
Channel UpPrice has broken the cup and handle pattern with a strong move to the upside.
Targets 1-3 have been met plus some.
No rising wedges noted.
Price will ride in a channel until the support or resistance line is broken.
No recommendation.
$META Massive Gap There's a massive gap from last year that can be filled. Low end of the gap $248. High end of gap $317. Finally showing some strength today breaking out.
META - Closes gap and keep climbingEverything seems green for META.
Successfully break away from the channel and close the gap.
Only 1 Red trend candle in year 2023 so far.
Selling Volume (Green MCDX bar) is steadily decline while Buying Volume kept increasing (Red MCDX bar)
FiFT remain GREEN = Strong Bull with multiple further buy signal.
Hold until trend breaks.
META gap fill from FEB 2022META has a chance to fill its gap up to $316.97. Depending on tomorrows PPI news and unemployment data, I see it possibly moving up filling this gap. Good PPI means high unemployment and low PPI. Anything other then that, it could trade sideways or down.
META Bearish AlertMETA, 15 minutes
Another Bearish alert after this long run.
The previous alerts didn't create the combo.
Still monitoring for a possible end of this bullish wave.
Selling Alerte FacebookI give you an alerte gyus of selling facebook
It's coming to break Vwap with a large volumr
Learn More About The "Rocket Booster" StrategyAccording to Wikipedia here are the types of Gaps:
-Breakaway Gap
-Common Gap
-Measuring Gap
What type of Gap do you think is in this video?
Watch this video to learn more
about the "Rocket Booster" Strategy
META Price, Volume, Target, StopEntry: when price clears 276.57
Volume: with daily volume greater than 19.42M
Target: 306 area
Stop: Depending on your risk tolerance; 266.76 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and 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: Channel Up will attempt to close the February 2022 Gap.META maintains the aggressive four month Channel Up on an overbought 1D timeframe (RSI = 73.991, MACD = 9.890, ADX = 37.410) that shows no signs of easing before the next Resistance and that is located at 328.00, which was the High of February 2nd 2022. After that the stock price plunged to 245 following the loss of investor confidence. It would appear that the rally won't stop until it closes at least that Gap. As a result we go on a short term buy, targeting the Resistance (TP = 328.00).
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"Never bet against Zuck" $META topping out hereThere are many people that think that NASDAQ:META will keep rallying here to new highs. I'm not one of them.
Lately I've been seeing people post "Never bet against Zuck." That tells me all I need to know about sentiment here at the highs.
Like many other assets, I think META has rallied due to a technical bear market bounce and is now losing steam.
We've either already put in a top here at resistance, or there is one more move slightly higher to $307.54 that will pull in the last of the holdouts that haven't invested yet before dumping on them.
I don't care about narratives, whether it's AI, threads, VR or whatever fundamental reason you can give a company for "needing to go up."
The reality is, it's all about market structure and what price action says. And to me, we're nearing a top that will take price back to below the previous low we hit last year.
Let's see how it plays out over the coming year.
Meta Will Perform!Hi mates, sharing weekly chart of meta so as we can see price is trading in a rising channel and now gives a breakout close above a strong resistance so i am expecting that this uptrend will continue till to the next weekly supply zones into this channel.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning only.
Regards-: Amit
SHORT METAAll their recent hype is priced in, gap has been filled, we're way over-extended. Looking for a reversal patter for the short.
Adding to META short Adding to my META short position. We're trading at a resistance level and have some early selling. Would not rule out this spiking a big higher (Maybe after a bear trap) but I like this general zone for shorting.
I think this is good for shorting call spreads on and using the premium to buy more speculative OTM puts.
Call me crazy... but META to $21- This is probably my hottest take I will probably ever have but here it is... META is going to $21 all the way back 2013 prices. This to me looks like a bigger scale of Elliott Wave here. W1 on the macro scale was from 2012-2021 for just W1.... and the way everything is going in the world and how business can't afford employees anymore and people are slowly losing their net worth as rates and cost of food and living keep increasing while wages are stagnant at. It all correlates in my opinion. This macro W2 we are in and have been in we just don't see it is going to get ugly once this C wave comes alive. The B wave we are in could last longer but we are in the region which is drawn on the chart of the fib levels to where we see a reversal to the downside.
I would not be a buyer on this stock, but honestly would buy some PUT OPTIONS OTM very far out and take a risk.. why not
