490 clear sign of supportAfter its huge run back up from the tech sector retrace, has slowed down since and could either make a new high or test its patience by allowing for more resources. On the downside for me.
M1TA34 trade ideas
META Market Insight: META (Meta Platforms, Inc.)
In our June 5th, 2024 forecast, we advised a sell slightly after the market’s peak. Though not the highest point, this decision preserved investor capital and provided better re-entry opportunities.
Key Points:
• First Green Line (October 7th, 2024): A buying opportunity as the market calms, offering a favorable entry.
• First Red Line (December 9th, 2024): A signal to consider taking profits or reducing exposure, preparing for potential turbulence.
• Second Green Line (February 10th, 2025): A time to reinvest or add to positions during a period of growth.
• Second Red Line (March 24th, 2025): Another cautionary moment, where safeguarding gains could be prudent.
These lines guide us, much like subtle signs in life, helping navigate the markets with both faith and strategy.
META cup and handle?It can look differently than what I have drawn but the idea of it? the neckline is pretty high so the Handle could be just what it is?
Also I'm looking at the previous formations, big size HeadnShoulders that totally worked, with perfect measured moves, so maybe this could be something longer term.
META STRUCTURE Patience is a skill you must master, we will be waiting for the weak high to be taken out before we can make the decision on what we will be doing next, capital protection is what you must learn also you need capital to fight the war when your playbook presents itself, so for now sit on your hands and wait. do well to like share and follow.
META - Closing Options Contract $$$Buy to Close AUG16 525 PUT @ 0.47
Realized Gains: 6.35-.47 = $5.88 or $588.00 per contract.
With the bulk of the profit already realized there is no sense in being greedy for the last 7% of the contract. Take the money and run!
Real money.... Real Trades not just selling signals and not having an account large enough to take the trades some of these FURUS charge money for.
META is heading for a potential price dropMy custom indicator, Confirmator, is flashing warning signs, indicating that META may be on the brink of a significant decline. A key support level is highlighted on the chart, which could determine the next move. Keep an eye on this area and be prepared for possible downside action!
BUY FOR ONE MORE UP SWING UNTIL 2026The top is not yet, one more heavy swing up soon
buy more and hold
The panic will end and all the bulls with step forward again soon
Buy...
META: Double Top from AprilMETA is overbought and is getting rejected from the resistance set in early April at 531. I expect a retracement to at least the 0.236 Fibonacci retracement of 510.
META - Trade IdeaBuy to Open META @ 525.00 +-
Stop Loss - 495.00
Target - 595.00
Just like the relative strength and a nice consolidation breaking out.
META - Options TradeSell to Open 16AUG 510 Putt (1 Contract) @ $6.35
Like META here, strong chart and looking to break higher. May buy some outright towards EOD.
META Supply Zone Short IdeaMETA came all the way down near 450 last week, but never quite hit the April low. 492-500 has continued to provide some nice movement as well. META held right on its major uptrend line from all the way back in 2022, you can see it on this chart if you zoom out. I'd have to be bullish short term if META can sustain above 492-500, it may be headed for an ATH test or close to one.
However, I still think this is a bearish chart, but it needs to break the April low to really confirm that. For now I'm watching this supply zone near ATH for a potential short opportunity, I'd expect this zone to provide at least one small rejection, even if it comes back and breaks it shortly after. I would target the 492-500 area for profit taking and then perhaps hold some runners to see if it can test the April low.
META Pull-back as early steps of accumulation phaseAfter a downtrend that generated the PS (Preliminary Support) and the SC (Selling Climax), META could be in an accumulation phase with positive slope. This phase clearly defined the AR (Automatic Rally) rejecting the 527$ level following the positive earnings results.
Recently, we saw a secondary test, probably originated as early effects of the Japan's yen carry trade, and days after the stock crossed the "minor creek" that we detected by observing the volume peaks + order book data. With all these facts in mind, it's very probably that META will suffer soon a pull-back, if so, first target for short-selling operation could be the minor creek.
Disclaimer: Content of this idea is for information and education purposes only and should not be treated as investment or trading advice.
Meta Platforms (META) Stock Forecast & Price TargetWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
*Meta Platforms Financial Overview
Meta Platforms's market cap is currently $1.29T. The company's EPS TTM is $17.409; its P/E
ratio is 26.75; and it has a dividend yield of 0.21%. Meta Platforms is scheduled to report
earnings on July 31, 2024 and the estimated EPS forecast is $4.72
*Meta Platforms Income Statement
Last quarter (Q1 2024), Meta Platforms's total revenue was $36.45B, an increase of 27.26% from
the same quarter last year. In Q1, Meta Platforms's net income was $12.37B
*Meta Platforms Balance Sheet
Meta Platforms's total assets for Q1 2024 were $222.84B, a decrease of -2.95% from the
previous quarter. META total liabilities were $73.31B for the fiscal quarter, a -4.11% a decrease
from the previous quarter
*Meta Platforms Cash Flow
META's free cash flow for Q1 2024 was $12.85B. For the 2024 fiscal year, META's free cash flow
was decreased by $-6.41B and operating cash flow was $19.25B
Conclusion | Trade Plan Execution & Risk Management on Demand;
Meta Platforms (META) Technical Analysis: Overall Consensus | Sell
METADiamond Top or H&S? Either way often occurs at, or near market tops and can signal a reversal of an uptrend.
$META Upside PotentialNASDAQ:META is looking to the upsaide rn could be a nice chance to sell some premium here as its bouncing off support. whats your thoughts on NASDAQ:META
Incoming 40% correction for FacebookOn the above 10 day chart price action has rallied 500% since October 2022. It is somewhat unfortunate to see so many long ideas at the moment.
Motley Fool August 8th:
“Here's how Meta could achieve a $2 trillion valuation within three years, and if it does, investors who buy the stock today could earn a 67% return.”
Very misleading.
Why bearish?
Failed support. It is very clear to see, price action has broken through support and confirmed it as resistance. You can see this more clearly on the Log chart below.
Regular bearish divergence. Multiple oscillators now print negative divergence with price action across a 50 day period.
On the monthly chart below a hanging man candle print can be seen. Although the candle does not confirm until the end of the month there is a clear indication of buyer exhaustion. This is an important trend reversal indication.
Is it possible price action continues to rise? Sure.
Is it probable? No.
Ww
Log chart
Monthly hanging man candlestick
META Platforms Options Ahead of EarningsIf you haven`t bought META before the previous earnings:
Now analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 465usd strike price Calls with
an expiration date of 2024-8-2,
for a premium of approximately $22.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The Market Crashed. Meta Didn’tThe broader stock market fell sharply in recent weeks, but Meta Platforms has barely moved. Is it a positive sign?
The first pattern on today’s chart is the May 31 low of $454.16. The social-media giant held that level on July 25 as the Nasdaq-100 tumbled. It remained above it in subsequent sessions, even as the bigger index made new lows. That may suggest new support has been established.
Second, the recent low (this week) was the latest in a series of higher lows. That could be consistent with a longer-term uptrend.
META has also gone nowhere for half a year, which may create potential for prices to start moving again.
In fact, there could be signs the movement has begun. Notice how strong quarterly results pushed the stock above a falling trendline last week. MACD has just turned positive, as well.
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META: Heading Into Wave 3META finished intermediate Wave 2 on Aug 1. We finished minor Wave 1 of Intermediate Wave 3 down and are in an ABC correction that will complete Minor Wave 2 today or tomorrow. Expect Minor Wave 3 of Intermediate Wave 3 soon which will have the bulk of the selling with potentially a gap down.
PT 1 is 391
META gave my setup for shortMETA August 3rd I gave my setup for short. We are on the way with short. I set take profit at 361.9 and target at 295. Then I will see what happens with this market.
How will the upcoming recession impact META?NASDAQ:META
Although the macro environment is starting to look more negative for the equity market, I believe this to be one of the outliers that may still have some room to run.
Recent earnings showed a modest increase in spending designated for AI, which was a worry of mine going into earning with Zuckerberg's track record of overspending.
They seem to have investor focus with their current business model. This is truly a money printing machine.
At this time it's clear that any company wanting to spend ad dollars is turning to META first and will likely cut spending elsewhere. META's continued ability to help companies target their customers far exceeds that of any other ad-based company.
In addition to their improvements in ad revenue and daily active users across all their platforms, they have been able to make noticeable gains in both VR and AR markets.
How much longer until other hardware plays like Apple (AAPL) risk becoming obsolete? Obviously, it is way too soon to make a call against AAPL, but it seems they are behind the ball on everything they are rolling out. With AI helping developers create hardware, I think this may start cutting into AAPL's competitive advantage. If this ends up being true, META's development in hardware may begin to pay off.
Looking at the chart, it's hard not to see a double top with likely further downside coming in the future. This has also fallen below its 100-day MA and failed to hold levels above when retested it. If the downward pressure continues, I am going to be a huge buyer between $385 and $400. In the short term, I may buy some out-of-the-money puts with these targets and load up on calls if it retraces to the previous all-time high support.
Like the idea of where this is going for nowMACD crossover, room to run more on stochastic closing in on RSI, better coverage. It seems that on a bad day, due to the strength of the price based on guidance, Wall Street is seeing a continuation. I am bullish as BB shows still room on the upside, which has been the center of support and resistance.
