Meta 3WK AnalysisMeta just re-tested strong support resistance and trendline. Price may move down to previous support.by tradinghill_12
Facebook - Bearish SentimentMeta Platforms is showing heavy bearish signs. Price hit my 178.00 block. It is now testing the 174.14 zone ( a 5min zone). We have EQUAL LOWS around that region which have to be taken out. Once price breaks those lows, it will be headed for the 170.00 Pontential Bearish BOS. That's where price will break structure and fall further. We remain BEARISH!!!!!!! ------------------------------------------------------------------------------------------------ Patience pays!!!Shortby SMCSmartSniper1115
$META price update - price is fighting between two gap areas$META price update Looking for $META to bounce with $SPY and retest $176.42, then $178 PL. However if it loses $172.88 we'll likely retest $169.7101:17by Solidified0
Potential head and shouldersThis is a weekly chart. Looking for a potential head and shoulders pattern. The yellow lines is a mirror image of the rally leading to the head.by Lextrading0
FB - Correction should still look for higher pricesIn my primary count, Meta has finished the first leg of black wave 4 correction. I expect a pullback to the downside before another leg up, targeting strong 220 resistance, which is also the 50% retracement from waves 2-3. by Stoic-Trader0
META, weeklyThe stock of Meta soared 23% last week to a 6-month high, its third-best week ever. In its earnings report Wednesday, revenue came in slightly above expectations, despite sales down year over year, and the first-quarter forecast was roughly in line with expectations. The key to the rally was CEO Mark Zuckerberg's announcement in the earnings statement that 2023 would be the "Year of Efficiency" and his promise that "we're focused on becoming stronger and more nimble." Although the quarter was OK, it was the cost-cutting that finally got investors interested, which is why Meta took off. The earnings call comes 3 months after Meta announced 11,000 job cuts, which represents 13% of its workforce. Zuckerberg said he does not expect declines to continue, but acknowledges the business will not return to how it was before. Assuming he’s right, the massive sell-off last year was an overcorrecting overcorrection down to 88.91 USD, and investors may well be slipping back into Meta right now. If that’s true, the optimism will likely hold for the coming quarter.by Exness_Official0
OMG ZUCK IT!looks like a big wave 1-2 has completed here (check in log if you can't see it clearly on linear) - We're now most likely in a wave 3 which will see prices go up for many years - Better duck the Zuck if you're hoping for new lows.Longby Swoop66
META Potential for Bullish Continuation | 20th February 2023Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 155.50, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 124.63, where the overlap support and 61.8% Fibonacci line is. Take profit will be at 224.28, where the intermediate high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.Longby FXCM10
Facebook collapse are we witnessing a Facebook collabs soon ! well, since other social media platform are taking over like (Snapchat) and others, and after this news is revealed, lets watch and see what will be the future value of FB: Meta CEO Mark Zuckerberg announced a new paid subscription service for Facebook and Instagram on Sunday, granting users a hallowed blue check for a monthly fee. Meta Verified will cost $11.99 a month on web and $14.99 a month on iOS. It's launching in Australia and New Zealand this week ahead of a wider rollout. The subscription "lets you verify your account with a government ID, get a blue badge, get extra impersonation protection against accounts claiming to be you, and get direct access to customer support," Zuckerberg said. The Facebook founder noted that providing direct access to customer support will cost "a significant amount of money," which will be made up for with subscription revenue. LAYOFFS ARE ON THE RISE, BUT NEARLY 50% OF WORKERS ARE STILL LOOKING TO QUIT IN 2023 The new option comes after Twitter launched a revamped version of its own paid service, Twitter Blue, which allows users to get a verified profile and other benefits. Elon Musk rolled out Twitter Blue soon after closing his $44 billion deal to purchase the company last year. He said at the time that Twitter was seeing a "massive drop in revenue" due to an exodus of advertisers from the platform. Shortby Qays_Kayson0
META - falling wedge pattern (bullish)After a strong 28% gap post earnings on 2nd Feb, META has now given up about half its post-gap gain. However, its longer term bullish picture remains intact if we look at the following factors: 1. Stock is still trading above both its 20 and 200 day moving average (the latter of which is beginning to flatten out, a precursor to turning up) 2. A falling wedge pattern is forming (potentially bullish) 3. Bullish divergence forming between price and RSI (*see Note below) A break out of this wedge could be an opportunity to long again if one has taken profit earlier or has gotten stopped out as stock went into this steep retracement. I would put initial stop loss slightly below the most recent pivot low (which will be the candle just prior to the wedge breakout). However bear in the mind the stock's momentum could be slower for now until the next catalyst appear. *Note that while a bullish divergence could materialize into a short term bounce lasting about 2 to 3 candles, it does not translate into a longer term trend change on it's own. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!by Juliac3
META Potential for Bullish Continuation | 20th February 2023Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 155.50, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 124.63, where the overlap support and 61.8% Fibonacci line is. Take profit will be at 224.28, where the intermediate high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website. Longby Rockqet5
META Waiting to LoadThis asset is clearly on a Up trend now after all the dump he had. We broke the daily trendline and started curling up for some great long opportunities. Now waiting for the $155.0 level to get filled bc it's a daily gap + huge historical support to watch. Then just wait the little 4H trendline break to have the perfect confirmation for swing (but can begin to enter on a good rejection candle of this level). I want then to target the daily 50% fib level + daily resistance. In a more long term vision, we will look to fill the big daily gap we had at the beginning of the crisis to $289.0. Great Trades !Longby ArnoSG221
Meta analysis Looking at the charts currently 172. -on Saturday morning on the RSI is looking bearish MACD has turned bearish I feel the stock will initially go to 164, then 156, then 150 and eventually around 137by shaks007111
META: Sell ideaSell idea as you see on the chart because we have the breakout with force the vwap by a big red candle with a large red volume.Thanks!Shortby PAZINI190
Meta ShortMeta has downward pressure after being significantly overbought during earnings. I expect it to fill the gap down to 152.Shortby ryan1234230
META gap will be filledRSI heavily overbought, backtest (and also gap fill) likely. Will load up heavily if it happens.by enakocapitalUpdated 1110
$META closed above the 9EMA again during another stress test $META managed to close above the 9EMA again during another stress test. I'm looking for a 2-2-2u reversal with a wedge breakout on the daily. Still a double inside week heading into tomorrow's Jobless claims and PPI data. See chart for triggers and price targets. Longby Solidified0
META : Healthy BoxAfter the most recent gap up, is now time to take some profits with a small, healthy correction. The is a nice small box going on nearby the test of the 21h and the 50h. A break down may lead to close the gap at $154 + a test on the 250h A break up will create a successfull test of the 21h on the 50hby TizyCharts1
META: FUNDAMENTALS + NEXT TARGETUnlike most major technology companies, Meta Platforms' stock has risen in response to its recent earnings report. Facebook's parent company did not report particularly impressive results. Revenue fell 4% to $32.2 billion for the quarter, and earnings per share fell 52% to $1.76, though when adjusted for restructuring costs, earnings per share fell 18% to $3, which was better than expected. Looking ahead to the first quarter, the company anticipates another modest drop in revenue, owing to macroeconomic headwinds in the advertising market and its decision to ramp up its Reels short-form video product, which is monetized at a lower rate than other "surfaces" such as news feeds and stories. But there was something else noteworthy in the report and earnings call. Mark Zuckerberg, CEO of Facebook, has shifted his focus to the company's core business, a family of apps that includes Facebook, Instagram, WhatsApp, and Messenger. Under Zuckerberg's leadership, the company changed its name from Facebook to Meta Platforms just over a year ago, signaling that the metaverse would become a core business. Around the same time, the company restructured its financial reporting structure, separating Reality Labs, which manufactures Oculus VR headsets and deals with the metaverse, from the app family segment. Reality Labs was exposed as a smoldering money pit as a result of the move, and things have only gotten worse since then. Reality Labs lost $4.3 billion in the fourth quarter, capping off a year in which it lost $13.7 billion. As a seasoned politician, Zuckerberg appears to have learned that the best way to deal with bad news is to change the subject. In this case, he appears to be doing exactly that. During the earnings call, the company discussed its investments in artificial intelligence (AI) and cost-cutting and efficiency initiatives, such as a more cost-effective data center architecture. According to the report, almost all of the company's capital expenditures, which are mostly for data centers, are for the app family, not Reality Labs. In the earnings release, Zuckerberg also made no mention of Reality Labs, saying: "We're making good progress on our AI discovery engine, and Reels is a big part of that. Aside from that, our management theme for 2023 is 'The Year of Efficiency,' and we are working hard to become a stronger and more agile organization." During the earnings call, Meta's CEO discussed the company's recent work in the metaverse, but it seemed to take a back seat to Meta's other projects when he summarized the company's priorities, saying: "Okay, here are the areas we're focusing on: AI, including our discovery engine, advertising, business messaging, and increasingly generative AI, as well as future metaverse platforms." Meta's metaverse plans are far from dead. Indeed, it released Quest Pro, its newest headset, late last year. There are several reasons why Zuckerberg appears to have returned to his core business. So far, the metaverse project has failed, not only at Meta, but also elsewhere. The value of the associated market of NFTs has plummeted, and the idea that people want to spend time in virtual worlds has yet to gain traction, while public interest in the metaverse appears to have faded after Zuckerberg initially hyped it. The metaverse's struggles are also visible in the recent attention paid to ChatGPT and generative artificial intelligence, which appear to be transformative technologies with real-world applications. Perhaps Meta's CEO is reacting to the stock's precipitous drop. The stock dropped roughly 75% in a year after the company changed its name to Meta, with investors concerned that Zuckerberg would risk the entire company for his metaverse experiment. He appears to have persuaded investors that this is not the case, which is why the company's stock has risen. While investing in Reality Labs, the company intends to steadily increase overall profits. It's a reasonable strategy that doesn't overshadow Meta's lucrative digital advertising business. Although Metaverse will continue to smear red ink on reports, investors are now viewing the company through rose-colored glasses following Zuckerberg's encouraging speech. If the advertising industry can return to growth, as appears to be the case with Reels, the company's stock should continue to rise.by FOREXN1Updated 555
Meta is a Beta male...After the failed bullish pennant last week price fell below the 185 zone. I believe we'll see a retest of this level and depending on the momentum we will either see a break upward or a start of a downtrend. by Forex_Godz226
Cup and HandlePrice reached long entry level. A throwback occurred and price is now below long entry level (EL) Possibly a gap fill in progress/Earnings miss but market managed to go up anyway. It may be a good idea to wait for long entry level to be reached with a confirmed uptrend. Bullish pattern if META can reach EL. Targets calculated using the depth of the cup and fib levels which are added to EL. First price needs to reach EL and break it cleanly to break the R of the left side of the cup which is the sell side. The right side is the buy side of the cup. No recommendation. Whatever your goal may be today, do it with the confidence of a 4 year old in a baseball shirt (o:by lauralea8
META TRADE IDEASMETA already entered into it's earnings gap up. My bias is towards a continuation of this gap fill and looking to enter below a break of 171 eyeing 167.45, 163.25, 158, and 153.76. At the final level, I will look to see if META bounces or continues to fall below. I will also eye the 171 level for a possible bounce. Short0by WSBB227
META is on íts way to form an ending diagonal..Hello traders or investors, META is forming an ending diagonal in wave (C) in red as the end of Supercycle wave II in blue. Right now, the short term trend is down and the chart should reach levels below 28.50 $ before will start to an exploding wave III in blue up to reach the 1.618-multiple at round about 615,- $ in the future.by armandogui331