$META Just look at that divergence in RSINASDAQ:META Just look at that divergence in RSI
Just look at that divergence in RSI on the weekly. That’s it. That’s the post. I truly believe that the tech implosion will be magnificent.
M1TA34 trade ideas
$META Analysis, Key levels, and Targets $META Analysis, Key levels, and Targets
Can we just marvel for a moment… at how perfect TA can be. A lot of people say that TA doesn’t work… 😏
I will post my last analysis from June below this one…. I do actually have a lot of reasons to be at this level on META… even though I think the market is not done falling… META is on my list of “to accumulate”
Facebook / META / Whatever - considerably oversoldOn the above 2-day chart price action has corrected a massive 50%. A number of reasons now exist to be bullish.
1) The ‘incredible buy’ signal prints. i.e. 95% probability of upside from here on.
2) That green line. The annual moving average without weekends. Regardless of the stock, anytime price action is way below here price action is a steal.
3) PE ratio: 13!
On my AMD ‘short’ idea there are comments defending a PE ratio north of 200. Utterly deluded.
4) MFI resistance breakout (bottom oscillator). The money flow index is printing a break of resistance active since early 2021. Those breaks of resistance are remarkable at indicating when dumb money capitulates.
6) Regular bullish divergence. 10 Oscillators are currently printing bullish divergence.
6) A great many ideas currently published on TradingView are ‘short’. Remember, approximately 90-95% of traders will lose money in this business. Come and join us here in club 5%.
Is it possible price action falls further? Sure. $170 could be the floor as derived from golden ratios.
Is it probable? 5% technically speaking.
Good luck!
WW
METAFrom the apparent and new data, the price is currently forming a corrective flat action only, not a new real rise, and that the decline is continuing again for another support area that will be stronger, and all the data has been clarified on the chart.
Note: I am only sharing my point of view and what I see, and it may be wrong or right, so make your own analysis
Good luck
META - Chart Study - Rising Wedge - 4 HR TFStudied previous chart based on Rising Wedge on 4 hours TF. Projection was successfully achieved.
META 330+ THIS WEEK ABOVE 327Price bounced off the FVG of earlier this week, and above 327 price will be above the weekly pivot, and will want to go up to swing high liquidity. This trade is invalid if price closes under previous FVG support.
Meta 320 or 353Price has been playing this channel since July's high with exception of the last earnings gap down that broke channel... Next week we will either tag 320(50sma) or 353 resistance
Meta and IBM Team up Against Dominant Big Tech PlayersIn a prominent push toward open-sourcing artificial intelligence, IBM and Meta on Tuesday launched a group called the AI Alliance, an international coalition of corporations, universities and organizations that are collectively committed to "open science" and "open technologies."
The Alliance, according to a statement, will be "action-oriented," and is meant to better shape the equitable evolution of the technology.
Some prominent members of the organization include AMD, Cornell University, Harvard University, Yale University, NASA, Hugging Face and Intel.
The goal of the group, according to a statement, is to enhance responsible innovation by ensuring trust, safety and scientific rigor. To achieve that goal, it will push for the development of benchmarks and evaluation standards, support AI skill-building around the world and highlight members' use of responsible AI.
Meta May Have More UpsideMeta Platforms has moved sideways since the summer, but traders may now expect more upside.
The first pattern on today’s chart is the 50-day simple moving average (SMA), which META broke as it started rallying a year ago. Prices remained above the SMA through August, followed by a period of consolidation on either side of it through late October. The social media stock then climbed back above the 50-day SMA and is now trying to find support at it.
That price action may suggest the intermediate-term trend was bullish, then neutral, and is now getting bullish again.
Second, the current bounce is happening near a 50 percent retracement of the move between the October 26 close and the peak on November 22. That may confirm the most recent surge was the start of a new directional move.
Third, stochastics are rebounding from an oversold condition.
Finally, higher weekly lows since mid-August could indicate the presence of a longer-term uptrend.
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META Is it a BUY again?Meta Platforms (META) hit our $320.00 target after our most recent November 19 call (see char below) following a clear rejection on the Higher Highs trend-line:
The stock has since held the 1D MA50 (blue trend-line) as its short-term Support and turned into a buy again. The short-term target is still limited to the Higher Highs trendline and in that sphere of logic, we will target $350 (Target 1).
If however Support 1 (313.50) breaks, we might see another almost -16% decline, similar to the previous two bearish legs since July 28, which can test the 1D MA200 (orange trend-line). That will be the strongest buy opportunity on the medium-term and we will target again the Higher Highs trend-line at $360 (Target 2).
Any candle closing above the Higher Highs trend-line will be an automatic bullish break-out signal, targeting straight the All Time High at $384.50.
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Meta Platforms Inc. Join Forces In Open AI Advocacy InitiativeMeta Platforms (NASDAQ:META) and International Business Machines (NYSE: IBM) have announced the formation of an AI Alliance, a coalition of over 50 AI companies and research institutions advocating for an open model of AI.
The alliance, which includes notable members such as Intel INTC and the National Science Foundation, aims to pool resources for “open innovation and open science” in AI, The Wall Street Journal reported.
The majority of the members are proponents of open-source tech, which involves freely shared technology and a history of collaboration among Big Tech, academia, and independent coders.
IBM and Meta have been working together since August to form this alliance. Darío Gil, senior vice president at IBM and director of IBM Research, expressed dissatisfaction with the AI discussions over the past year, stating, “We did not feel that it reflected the diversity of the ecosystem that is making this AI moment possible.”
Despite IBM’s AI history being tainted by the faltering of its Watson system, Gil said its new Watsonx system is a completely new platform. Similarly, Meta, despite some setbacks in AI development, is attempting to establish a foothold in the thriving AI market through its open-source AI system, Llama 2 AI model.
The formation of the AI Alliance comes at a time when businesses are seeking more AI product providers to reduce the risk associated with single-vendor dependency. This need for a more distributed approach is something the AI Alliance aims to address.
META Price Momentum
META is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
META, potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
META likely Meta Platforms, Inc. (formerly Facebook), and you're suggesting that a positive job opening report at 7 am has favorably influenced the market. Additionally, you're pointing out specific price levels ($322 and $323) that you believe are indicative of a positive direction for the stock.
Meta And IBM Launch AI Alliance Amid OpenAI ChallengesMeta and IBM formed an AI alliance to counter OpenAI dominance, reshaping AI's future with success hinging on execution and safety commitment.
In a strategic move to reshape the AI landscape, Meta Platforms and IBM have spearheaded the formation of the AI Alliance, a coalition comprising over 50 leading artificial intelligence (AI) companies and research institutions. Notably, this alliance, born out of dissatisfaction with the one-sided discourse dominated by entities like OpenAI, is geared towards promoting open innovation and open science in the rapidly expanding AI domain.
Unlocking the Power of Collective Innovation
In a joint effort, Meta Platforms and IBM have orchestrated the birth of the AI Alliance, a collaborative force of over 50 influential players in the field of artificial intelligence, according to a WSJ report. Notably, this alliance, which boasts prominent members such as Intel, Oracle, Cornell University, and the National Science Foundation, aims to champion “open innovation and open science” in the realm of AI.
Meanwhile, Dario Gil, IBM’s Senior Vice President and Director of IBM Research, voiced dissatisfaction with ongoing AI discussions, emphasizing the need for a more inclusive representation of the diverse ecosystem driving the current AI advancements.
Gil acknowledged the overshadowing narrative led by generative AI since the advent of OpenAI’s ChatGPT a year ago. Unlike closed systems maintained by their creators, the AI Alliance is championing the cause of open-source technology, fostering collaboration among industry giants, academia, and independent programmers.
Notably, many members of the alliance already possess their AI products but are striving to keep pace with the attention garnered by OpenAI and its partner, Microsoft.
Shifting Tides in the AI Market
As enterprises globally are projected to spend nearly $16 billion on generative AI solutions in 2023, the AI Alliance is strategically positioning itself to offer a more distributed and resilient alternative. Notably, the recent upheaval at OpenAI has prompted businesses to seek diversified providers, minimizing the risk associated with relying on a single vendor.
Meanwhile, Meta’s foray into the open-source AI market through its Llama 2 AI model and IBM’s introduction of the Watsonx system underscore the alliance’s commitment to driving innovation. In addition, IBM’s Gil expressed the significance of adopting a decentralized approach, asserting that it enhances resilience by preventing any single institution from obstructing the success of the open engine. He stated, “This alternative method is more decentralized and robust.”
The AI Alliance’s launch signifies a pivotal moment in the AI landscape. As businesses explore alternatives to mitigate risk, the alliance, with its emphasis on open innovation, stands as a compelling option. Meanwhile, Ritu Jyoti, Group Vice President of Worldwide AI at IDC, notes, “It will all depend on how well they execute it.”
Meanwhile, the alliance’s focus on areas like regulation and safety, with plans to release a benchmarking tool for AI safety and model validation, further solidifies its commitment to reshaping the future of AI through collective effort.
Mega Cap ReviewApple, MSFT, NVDA, Google, AMZN, Meta, Tesla
All are showing bearish trend changes.
Will Mega caps take down the market?
METAthe price has been on an upward trend for 21 days, reaching a supply zone around $342.50. However, in the last three days, there has been a consistent downward movement. Currently, the price has pulled back to three levels: 50% of $311.87 and 61% of $308.89.
Your target appears to be a potential bounce back upwards from these levels, with $311.87 and $308.89 serving as support levels based on Fibonacci retracement. This is a common strategy among technical analysts who use historical price patterns and mathematical ratios to predict potential future price movements.
It's important to note that while technical analysis can provide valuable insights, it's not foolproof, and market conditions can change rapidly. Always consider combining technical analysis with other forms of analysis, risk management strategies, and staying informed about any relevant news or events that might impact the financial instrument you're trading.
Remember, investing and trading involve risks, and it's essential to do thorough research and possibly consult with a financial advisor before making any significant financial decisions.
META on the Verge of CorrectionSince November 2022, the META stock has surged by over 280%, experiencing minimal pullbacks. Recently, however, the price exhibited weakness.
Considering the liquidity perspective and taking into account divergences in the Price-Volume trend, it is anticipated that the stock price will initially target the range between $286 and $287 USD.
There is also a possibility of a Liquidity Sweep occurring around $275 USD.
Therefore, we advise against opening long positions in META until the price reaches the mentioned levels. Subsequently, we anticipate a resumption of the long-term trend.
🔴 META PLATFORM: Daily Technical Analysis & SetupHi Traders!
From a technical point of view, NASDAQ:META is very interesting for Day Traders, but at the same time it could also give some opportunities to Aggressive Traders (Intraday) in short term. Having said that, if we look at Daily Chart the trend is bullish in mid-long term, but in the short term we do not exclude a bearish consolidation before another rally. For Day Traders Setup is very simple, wait for pullback to take long position as shown on the chart. Money Management also seems interesting, with a risk of 2% we get a Risk/Return Ratio > 1:8 (not bad).
🔴 INTRADAY ANALYSIS
How can we get to our Setup Area?
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Now we need to understand how META could reach our Setup Area, and it could do so simply in two ways: with a bullish scenario (Top and Impulsive Structure still in play) or with a bearish scenario (ABC Pattern in play), as shown on two chart below. Both of these two scenarios should be able to reach our setup area on the daily chart:
Trade with care
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META - is Wyckoff Distribution in Progress?Most of the big cap in NASDAQ is forming a consolidation at the current top area, including the $NASDAQ:META.
Is Wyckoff Distribution theory in progress?
Preliminary Supply occurred on June 2023 with a high volume + a big red candle.
The price continued to be uptrend, and the possibility of buying climaxed at the end of July.
During that time, Bearish Divergence appeared in the RSI Oscillator.
If recent performance is indicating an Upthrust after Distribution phase, then the trend will be a confirmed reversal to bearish bias for NASDAQ:META with the possibility being sideways (continue distribution phase) in the point 1 and 2 where in the potential sideways 2 area will provide a confirmation of red candle and high volume.
The Downtrend target will be the daily gap area at $214.
Every other support area will shown by the Fibonacci Retracement below:
Watch the $274-276 as your area of confirmation for the bearish reversal.
$META Buy Target 283NASDAQ:META Buy Target 283
Buy Target 283…
I will be doing target projections all weekend... so let me know if there are any that you want to see... This allows me to see charts I may not have seen in a while...
This is not in in-depth analysis… this is pointing to where 5-year volatility shows as an excellent entry and over the years this has been one of my strongest tools….
This is, of course, off the top of the swing high so if we push higher then this will shift and I will update accordingly.
META ( FACEBOOK) Rebound - Can the METAVERSE Follow?Facebook parent Meta’s first quarter profit and its count of daily users jumped past Wall Street’s expectations despite the company’s slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours trading.
Meta cut a sharp contrast with Google parent Alphabet, which on Monday reported what analysts called disappointing earnings, with profit below Wall Street’s expectations. Google also reported a revenue growth slowdown, but for Meta this appeared to have been mitigated by an increase in daily active users that “was enough to send the shorts covering and the stock surging,”
so, good news from META, could the Real Metaverse be next?
One Love,
the FXPROFESSOR
META 1hr support zones based on volume META 1hr support zones based on volume
I prefer volume based support and resistance because it shows stronger support and resistance than just drawing lines at the bottom of candles
