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.
META trade ideas
The importance of focusing on a company's competitive advantageWarren Buffett : "The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."
This quote from Warren Buffett, emphasizes the importance of focusing on a company's competitive advantage when making investment decisions. According to Buffett, the key to successful investing is not simply identifying industries or companies that are poised for growth or societal impact, but rather understanding the unique advantages that a particular company possesses and how sustainable those advantages are over the long term.
Stock #5 Meta Platforms (META)
As the first stock selected since the beginning of 2023, according to the first stock of our GrowthGurus plan, and the previous stock selection style, our analyst team for the first stock is mainly the main stocks in the major sectors. , and as one of the main forces in the large-cap stocks, META itself also has a high weight in the NDX100. META (formerly Facebook), as one of the technology giants, is also one of the largest social media companies in the world. One, Meta has billions of users and advertisers, and its business is spread all over the world. As a leading social media company, Meta has a wide range of users and business values.
In the first quarter of 2023, it will be the spring of the technology stock sector. As a big blue chip stock, META has risen by 157.64% in the past six months, followed by Microsoft and Google, which have reached 42% and 23% respectively. Yield, but nowhere near META.
After META experienced a sharp drop in market value after failing to enter the Metaverse in 2022, it relied on its own strong capital strength to stop the decline, and showed signs of rebound in January 2022.
After META made business and strategic adjustments in Q4 of 2022, resulting in Facilities Consolidation, such as subletting, terminating and abandoning operating leased office buildings, and after undergoing major layoffs, the company's cost expenditure level was significantly reduced, and market investment Investor sentiment began to pull back, and stock prices clearly began to recover.
From a technical point of view, META already had a complete oscillating downward channel in the early stage, and then the price was in a bullish flag shape after touching the lower track of the channel. Before that, you can see it on the Conversion Line under the cloud in Ichimuko Crossing the Base Line gave a strong cross bullish signal, and on January 3, the cloud chart signal began to reverse and made a clear bullish signal. After that, the price clearly broke through the cloud layer and began to run above the cloud, and the K-line pattern also broke the previous one. The downward oscillating channel, and covered a gap in the previous period, so we combined the above factors and finally entered the market on January 3 to place long orders.
By May, our long position has achieved a maximum return of 98.04%. The medium-term goal is to see T1. The reason is to wait for the price to fill the gap for the first time in 2022, and we can assume that the current trend is an upward triangle. From Ichimuko's point of view, the price still has upward momentum in the short term, and the cloud supports us in the position of S1. R1 is very important as a watershed between long and short.
Generally speaking, the MACD indicator has shown a reduction in kinetic energy, and is about to give a bearish cross signal at the daily level, and the RSI indicator has also shown an oversold signal, so in the next time, there are positions in META Friends can continue to pay attention to the market signals given by the GrowthGurus analyst team. Next, our analyst team will continue to pay close attention to this stock and give trading signals as soon as possible to ensure that everyone can cash out at the highest point possible. leave.
The END of a 6-months rally?META, after an excellent 6 months of growth, the price stopped at a very strong resistance - KIJUN Q1 and MN1, as well as old peaks/highs.
The rebound may continue until the next strong support - KIJUN W1 and the 186 level (peaks/highs).
meta updateI have kept this idea on the long side for just 3-4 days and then meta should fall. That decline will be a major one. so be careful while trading this stock on the long side. All the best.
META - On My Shorting RadarMeta is looking interesting .
Daily log scale
I think there is a nice shorting opportunity setting up.
I will proceed with caution as this stock is in a strong sector and there is strong upside momentum behind this move. Overhead and underneath gaps will likely fill. My path projection to fill these gaps are illustrated in red.
I have no immediate urgency to short this although as the chart suggests it could set-up very soon.
Will update...stay tuned.
$META Short/Put - $221 is a Magnet - Round #2The fact that this company rallied on such a weak earnings report was a total scam pump. We saw other companies post better earnings and get hammered. We should see some partnerships between META and MSFT this coming year which will help revenue long term. For now, I'm a total bear on this stock...
META BULLISH SCENARIO CONTINUATION META has a lot to recover to previous heights and has been doing well since November of 2022. The 380-level target is still far away, but the growth recovery rate is impressive for the past 6 months. Those typical for the stock earnings gaps might deliver father, due to the monetization model of all the platforms developed by the technological giant. Research shows from the 21 minutes average spent by the user in 2018 this number has nearly doubled to 39, which means boosting the monetization model, advertisement, engagements, etc.
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META: Support and resistanceMeta might correct very soon to fill the gap after a dream rally.
Ad business might not work great in a recession, so GOOG and META might have problems.
NASDAQ:META
META short on W and D1 supply zone Good odds on META short institutional Supply zones. D1 within W and M
META Showing massive recovery and upside new target!Reverse Cup and Handle formed on Meta Platforms.
Price has once again gapped up on the daily 13% up for the day.
This was after the Earnings report came out strong, and after Mark Zuckerberg said he will be focussing his efforts more on AI this year than the Metaverse.
The indicators are looking sexy.
7>21 Price >200
RSI>50
So my first target for Meta will be at $355.12
SMC:
Below the handle of the Cup and Handle, is a strong Sell Side Liquidity (Order Block). This is where Smart Money comes in sweeps selling (Shorters entry and Longers stops). Then SM sweeps the selling, buys into it and BOOM away and up it goes. Very bullish in my opinion.
MY OPINION
THERE ARE A FEW REASONS Why I think the world isn't ready for Virtual Reality to the extent Meta aims for:
High Cost: VR technology can be expensive, and not everyone can afford it. Looking at the price of Oculus 2 - it's not for the average joe.
Limited Accessibility: While VR technology is becoming more accessible, not everyone has access to the necessary equipment or space to use it.
Motion Sickness: Some people may experience motion sickness or other discomfort while using VR technology.
Time: Right now VR headsets lasts for around 2 hours. Then needs charging. This isn't conducive for learning environments.
Weight: Have you put on an Oculus 2 headset? It's very heavy and cumbersome. We don't all have the strength to wear these things.
PS: I do have an Oculus 2 and I absolutely love and support the movements. Ever since Samsung VR headset came out, I've been obsessed.
Lack of Content: Despite growing interest in VR technology, there is still a limited amount of quality VR content available. Unfortunately, the target is on gaming, fitness and maybe socials. I still think there is a massive opportunity for more educational content, games, apps and learning material that VR can offer. I remember EDUVR - not sure what happened to it.
Limited Realism: While VR technology has come a long way, some people may still find it lacking in terms of realism. Unfortunately, people still have the stigma of wanting to be in the real world versus on a screen. This is the same way they acted when computers came out. Also when the internet came, they were hesitant and only "nerds" went on.
Social Isolation: VR experiences can be isolating, with users often cut off from the real world.
Learning Curve: VR technology can be complex, and some people may be hesitant to invest the time needed to learn how to use it properly. Just like it's difficult to teach older generations how new Smart Phones and Smart TVs work, it is similar to VR technology.
Lack of Compatibility: Different VR systems may not be compatible with each other, which could limit the ability to share experiences across platforms or devices.
Look before you know it, VR and AR will take over the world and everyone will be using it in some way or form. Maybe not in the next couple of years, but DEFINITELY in the future.
Coming into the Target ZoneAs you can see on the chart, we are coming into my target box. I believe it has another push for at least OMH. Judging by the push we have had upwards I do not believe we will have a very deep wave ((2)) so be cautious. The S&P 500 seems set to raise higher being driven in part by META, AAPL, MSFT, TSLA, and many others not named. The majority seem to need at least OMH.... but none of them require it.
If my count is correct, then we can expect a retrace for wave ((2)) to be anywhere from $170 - HKEX:130 depending on what path META decides to take. As I have said though, at this point and time, I am leaning towards a smaller retrace. Trade carefully my friends, now may not be the wisest time to go long. Have patience and await the retrace for a clearer set-up and higher profit margin.
Bonam Fortunam,
--Tyler
META running to $250+As we analyze the 4 hour chart of META it has produced a beautiful channel and producing very good opportunities to buy off the channel lines both long and short from the top of the channel and also the bottom.... I am going to stay bullish on META and the trend and see price heading over 250 dollars... IF there is any sign of weakness we will get ready to draw our (white channel) and get ready for downside.. until then "the trend is your friend"...
META Trade Updates (+32%)Positive quarterly results for Zuckerberg's company, owner of Facebook, Instagram, WhatsApp and pioneer of the metaverse (after the acquisition of the Oculus group).
Revenues totaled $28.6 billion.
Revenues from virtual reality and augmented reality technologies: HKEX:339 million
In general from Trading View Ernings + 8.86% above analysts' estimates
Revenues + 3.53% above estimates
Like the phoenix, Meta, given up for dead several times in its history (2018 and 2022), rises from its ashes, once again proving to be a very solid company.
From a technical and volumetric point of view, there is a chasm to fill, a GAP down dating back to February 2022, a volumetric hole,where the price went from FWB:328 per share to HKEX:244 at the opening of the following day, the beginning of a negative trend that it is about to be recovered.
In December 2022 META had reached a worrying - 77% from the highs, the period where I bought.
Now I'm up with a +32% profit with an average price of around $187.
Short-term target: closing of the HKEX:244 -248 GAP
Average target: $300
Long-term target: historical highs (where to rebalance in the case of a portfolio)
Happy trading
Lazy Bull
Meta will down for last wave of triangle Meta will down for last wave of contracting triangle , wave e can see under HKEX:175
after that , it can go up
Meta Platforms Stock Soars Despite Weak Business PerformanceCan you believe it? Meta Platforms stock has risen by over 70% this year, outpacing the S&P 500's 7.5% growth over the same period. At first glance, it might seem like everything is going great for Meta, right? However, the reality is a bit different. In the fourth quarter, Meta reported a 4% decline in year-over-year earnings, and analysts predict that there will be another decline in the first quarter (which we'll find out on Wednesday). So, why is the stock rising so quickly despite the weak business performance?
Well, there are a couple of reasons. First, at the beginning of the year, the stock had a very low valuation, with a price-to-earnings ratio of about 10. Analysts expected the company to have double-digit growth in earnings per share over the next five years, but the low valuation didn't reflect this. The recent surge in the stock price has brought it more in line with analysts' expectations, so you could say that the stock has adjusted to a more rational valuation.
The second reason for the stock's growth is the cost-cutting efforts by Facebook, Meta's parent company. Mark Zuckerberg has made "a year of efficiency" his top management theme for 2023, and the cost reductions are expected to lead to significant earnings growth during the year, which investors believe will boost profits and support the stock's current valuation.
However, it's worth noting that Meta has continued to post disappointing results since 2021, and the stock is still down from its all-time highs. Meta's business is still facing considerable uncertainty, and there are questions about the company's long-term margin profile and sustainability. The volatility of the social media company's cost structure over the past few years also makes it difficult to predict earnings changes over the long term.
While the recent stock price increase is good news for Meta shareholders, it also means that the stakes are higher for the company to do exceptionally well going forward. Investors will be looking for more information about the company's long-term margin profile and the sustainability of its business when Meta presents its first-quarter results on Wednesday.
META - Reclaims Major Trend LineThis is an alternate view of my previous analysis for META due to the recent burst of price rise and breaking of dominant trend line
Price has now moved back into the megaphone and is looking for more
Linking my past post below
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Watchlist 2023-04-28 $SPY $META $NYCB$ON $XRX AMEX:SPY -After getting the close over 408 on the hourly like I mentioned PD, it was all engines go to the upside. Now, be cautions assuming it's only up form here because this could have merely been a liquidity retest. Before a move lower. In order to confirm move lower I think we want to see a failed follow through high where it moves above 413.50 a closes below 4.10. That would give me the most confidence. However we could also see a lower higher where the 5 min green bars look toppy and are putting in wicks. We could also see a lower high and eventually move higher but the green bars would need to be strong on vol and opposite for red bar. Confidence of further long continuation would work well with a test and hold of 408-410. The take away here is look at the price action. Where are the bars telling you? Which direction has the strength and weakness?
Then make a judgement.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:META - day 2 continuation over 240.50. which is over the PM high over 239.50 I think people what happened to MSFT on day 2 and would not want to miss out on META after their positive earnings. IF we get above 242.60 they it's all to the races. Look at MSFT PD for clues.
NYSE:NYCB - Q1 Adjusted Earnings Down, Revenue Rises; Maintains Quarterly Dividend. Approaching the all important 9.30 range high on a multi-month wedge which is topped by the 200 EMA. This is by far a 10/10 technical level and it has a positive earnings catalyst to potentially push us through. Earnings beat was 1500% by take that with a grain of salt.
NASDAQ:ON - reporting earnings on mon. short term price action shows investors WERE expecting a decline, but after getting NASDAQ:INTC earnings as a positive beat, ON could close some gains it lost over the last few days. Inflection is 70. If it can hold above, looking long as PD looks like a capitation ending move. Open to the idea that INTC could fail and we could see weakness in ON if I t can't hold 70.
NASDAQ:XRX - buy retest of 15.50
From Daily Extreme Oversold to the Monthly Extreme OverboughtMETA: From Daily Extreme Oversold to the Monthly Extreme Overbought signal
META ShortEarning 4/26/2023 After Market. (Positive)
GAP Open in Supply Zone
Short Sell 240
Stop 250
Target 180, 155
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.
Weekly SMA Cross Under, 50% Retrace, Downtrend ContinuesWeekly SMA Cross Under, 50% Retrace, Downtrend Continues
Meta Boosted by EarningsFacebook has been on a tear ever since its bottom of Cycle Wave 4 @ $88.11. It is clearly extending beyond normal fib levels and should hopefully top inside my box. We could extend all the way out to the 3.0 @ FWB:307 buy its not a high probability at this time. The 2.618 should be enough to stop this move up if we even make it that high. Although, Meta did post earnings 8.86% higher and almost HKEX:1 Billion more in revenues, so anything is possible.
From there I suspect we should start our (A) wave of ((2)). That a wave target will be somewhere around $ 165- HKEX:175 but until we top and start heading lower I can't give a super accurate target zone.
Bonam Fortunam,
--Tyler
