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META PLATFORMS INCMETA PLATFORMS INCMETA PLATFORMS INC

META PLATFORMS INC

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A $660 Target? Is META Ready to Break Out ? Since its breakout above the resistance line at $544, NASDAQ:META has been consolidating for almost 2 months within a parallel rectangle. The consolidation area is highlighted in yellow (B). This consolidation could potentially end with a breakout above the resistance line at $602. Considering that the next 2 weeks are expected to be volatile (the first 2 weeks of December in an election year), I believe NASDAQ:META will test its support line, possibly close the bull gap (C), and then rise with momentum to break out above $602. When we zoom out, we can see that NASDAQ:META is within an ascending channel (A), right in the middle. We can also see that NASDAQ:META tends to consolidate towards the lower boundary of the channel and then rise, which supports the analysis of the consolidation area in (B). Conclusion: In the short run, we may see some downside, but in the long run, I believe NASDAQ:META will continue to rise and potentially reach the target price of $660, which is the height of the consolidation area (B).
NASDAQ:METALong
by ravivhe94
Buy & Sell Indicator IdeaA buy and sell indicator is a tool or signal used in trading and investing to suggest when to buy or sell a particular asset, such as stocks, currencies, or commodities. These indicators are often generated through technical analysis, which involves studying historical price data, volume, and other market factors. Key types of buy and sell indicators include: Moving Averages Relative Strength Index (RSI) MACD (Moving Average Convergence Divergence): Bollinger Bands:
NASDAQ:METALong
by trademenow88
META's Reversal in Motion: TA for Nov. 20, 2024META has initiated a recovery from its recent downtrend, breaking out of a descending trendline on the hourly timeframe. With improving technicals and defined support and resistance levels, META is presenting opportunities for both scalping and swing trades. Here's a comprehensive plan to capitalize on its next move. Market Structure Overview * Trendline Breakout: META has broken through a descending trendline, indicating a potential reversal. * Recovery Phase: Trading around $561.50, the stock is stabilizing above key levels and showing signs of continuation. * Volume Analysis: A surge in buying volume during the breakout confirms bullish interest. Liquidity Zones * Demand Zone (Support): $547.00 - $550.00. This range is where buyers stepped in during the recent reversal. * Supply Zone (Resistance): $575.00 - $580.00. Sellers could emerge in this area as it aligns with previous rejections. Order Blocks * Bullish Order Block: $547.00 - $550.00. Look for this zone to act as a floor for any pullbacks. * Bearish Order Block: $575.00 - $577.00. This area may see profit-taking and selling pressure. Key Levels * Support Levels: $547.00, $550.00, $559.00. * Resistance Levels: $575.00, $580.00, $599.50. Technical Indicators * 9 EMA & 21 EMA (Hourly): META is trading above these EMAs, confirming bullish momentum. * MACD (Hourly): Bullish crossover with a rising histogram, supporting the upside case. * RSI (Hourly): Neutral near 60, leaving room for further upward movement. Scalping Plan * Entry: Look for a pullback to $559.00 - $560.00 for a quick scalp. * Exit: Target $564.00 for initial profits, extending to $567.00 for a higher target. * Stop-Loss: Place a tight stop at $558.00 to manage risk. * Game Plan: Focus on high-volume candles as confirmation for entry. Avoid chasing at resistance levels. Swing Trading Plan * Entry: Accumulate near $547.00 - $550.00 demand zone for a higher-probability swing setup. * Exit: First target at $575.00, with extended targets at $580.00 and $599.50. * Stop-Loss: Set below $545.00 to limit downside exposure. * Game Plan: Watch for bullish continuation patterns like flags or consolidations above $560.00 for re-entry opportunities. Projection META is positioned to test $575.00 in the short term, with the potential to reach $580.00 or higher on sustained momentum. Failure to hold $559.00 could lead to a retest of $550.00, providing another buying opportunity for swing traders. My Thoughts META’s breakout and volume surge suggest a bullish bias. Scalpers should capitalize on momentum above $559.00, while swing traders can use pullbacks to the $550.00 zone for an optimal entry. Adhere to your trading rules and let the chart dictate your actions. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Conduct your own research and consult with a financial professional before trading.
NASDAQ:META
by BullBearInsights
Meta Platforms (META) Shares Dip Below $550Meta Platforms (META) Shares Dip Below $550 On 7 October, we analysed the Meta Platforms (META) price chart and highlighted: → The formation of a long-term upward channel (marked in blue). → The key drivers supporting bullish sentiment. We also emphasised the psychological significance of the $600 level. Since then, the price has approached this level four times, only to be met with resistance each time (indicated by red arrows). Yesterday, for the first time since mid-September, META’s price fell below $550, suggesting that the stock underperformed the broader market during October and November. What’s Next? Technical analysis of the META price chart reveals that the stock is trading within a range defined by: → Resistance at $600, which has consistently proven robust. → Support at $545, a level that previously acted as resistance (marked by arrows). While the channel median initially acted as a “magnet” for the price (highlighted with an oval), November patterns suggest the median now "repels" the price downward, a bearish indicator. Bullish momentum might regain strength if the price approaches the lower boundary of the blue channel. However, the sustainability of demand at these levels and whether it can drive a successful breakout above $600 remains uncertain. Analysts remain optimistic. According to a TipRanks survey: → 40 out of 44 analysts recommend buying META shares. → The average 12-month price target for META is $662. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:META
by FXOpen
1
META breaking down to 520 to 539The chart for META indicates a symmetrical triangle, a consolidation pattern suggesting indecision in the market. This setup is characterized by converging trendlines, with lower highs and higher lows, pointing toward an imminent breakout. The current price action is nearing the apex of the triangle, increasing the likelihood of a breakout or breakdown soon. The price is nearing the apex of the triangle, and a breakdown is likely within the next 3–5 trading sessions. Volume confirmation is critical to validate the breakdown direction. Entry Strategy: Enter a short position if the price breaks and closes below $555.00 with strong bearish momentum and volume. Bearish Target: Subtract $15.44 from the breakdown level of $555.00 → $539.56. Place a stop-loss above the upper trendline at $570.00. Take partial profits at $545.00, then hold for the full target of $539.56. I have taken a put position as I favor bearish breakdown and have taken 520P for 11/29/24 @1.38.
NASDAQ:METAShort
by EssieQuantumTrader
META TANKER FORECAST Q4 FY24 im expecting a retracement from this high and im expecting it to end around the last 3 levels Forget the financials (28.1 p/e overvalue bonanza yikes) forget zucks new look forget the multi timeframe divergences forget the weakening impulses (from may) forget the bubbles which follow the hype of innovation its just a matter of boom and bust and the feds rate cut is just a matter of history repeating itself this post was requested by 5 others in my d.m and just in time too everything going kaput feel free to request yalls
NASDAQ:METAShort
by Bekiumuzi_Dube
3
METAMeta Stock Prediction: A Bearish Outlook Many are betting on the stock's rise, but I completely expect the opposite. Let me explain why. The stock is forming a dangerous divergence on the weekly chart with both the MACD and RSI indicators. Secondly, the stock was in a clear upward channel from August 2024 to November 2024, as shown. It then formed a downward trend between the sessions of October 7 and October 30, 2024, as illustrated. Today, the stock broke through this trend with significant force. The stock had tested the trend at the beginning of the week, and today it broke the downward channel with a strong bearish candle. Not only that, but the $602 level, which is its highest peak, coincides with a Fibonacci retracement level of 1.618 between the numbers shown ($603 and $602). Therefore, we expect $602 to be the peak for 2024. We recommend entering a short position from this level to capture a significant swing. Our initial target is $493, then $415, followed by $380, and finally $297. The stop loss should be set above $603. Good luck to everyone!
NASDAQ:METAShort
by IbrahimTarek
META can turn bearish if it fails to break this Channel.Our previous call on Meta Platforms (META) was on July 26 (see chart below), almost 4 months ago when we gave a strong long-term buy signal on the 1D MA200 (orange trend-line): Despite the excellent timing of the call, we has seen in the past 30 days that the price action has diverged from the model and the current Bullish Leg of the Channel Up isn't as strong as the previous two inside a 2 year span that each rose by +95%. The price has instead turned sideways, mimicking the price action of the two Accumulation Phases that emerged after each of the Bullish Legs topped. The 1D RSI being on a Bearish Divergence (Channel Down already) technically agrees with that, so if you followed our July buy call, it might be best to book the handsome profit now and wait. What to wait for? Well it all depends on a new pattern that has emerged, a Diverging Channel Up (dashed trend-lines). As long as the price is trading inside it, there is greater probability to give us a lower buy entry near the 1D MA200 (orange trend-line) again. In that case we will take it and target the top of the Diverging Channel Up at $660. In the event that the price breaks above the Diverging Channel Up, we will buy the bullish break-out and pursuit the previous $800 Target as that would mean that the original 2-year Channel Up remains the underlying pattern dictating the long-term movement of the stock. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:METALong
by TradingShot
Ascending Triangle Pattern Tutorial: 3/8 Bullish PatternsAscending Triangle Pattern Tutorial: 3/8 Bullish Patterns An ascending triangle is a bullish continuation chart pattern that signals the potential for an upward breakout. Here's how it forms: Flat Upper Trendline: The upper trendline is flat, indicating a resistance level where the price consistently faces selling pressure and fails to move higher. Rising Lower Trendline: The lower trendline is ascending, showing higher lows as buyers step in at increasingly higher prices. Price Convergence: The price action gets squeezed between the two trendlines, leading to a tightening range. Breakout: Eventually, the price breaks above the resistance level, indicating a continuation of the upward trend. This breakout is typically accompanied by a surge in volume. Ascending triangles are popular among traders because they offer clear entry and exit points. The height of the triangle, measured from the base to the horizontal resistance, can be used to estimate the potential price target following the breakout. LIKE l FOLLOW l SHARE
NASDAQ:METAEducation
by RonnieV29
6