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META PLATFORMS INC.META PLATFORMS INC.META PLATFORMS INC.

META PLATFORMS INC.

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META Soars 100% In Less Than 4 Months! What’s Next?Meta Platforms, Inc (META) formerly known as Facebook, is the world’s largest social media platform with a portfolio of apps including Instagram and WhatsApp. It measures its user base in daily and monthly active users, with advertising being its main source of revenue. The company faces competition from Google, Twitter, Amazon, and Snapchat-parent Snap, as well as Apple, YouTube, Bytedance, and Tencent. Meta recently changed its name to reflect its focus on the metaverse. NASDAQ:META is listed on NASDAQ and is a component of NASDAQ 100 and S&P 500. Spot The Wyckoff Change Of Character From The Selling Climax META started 2022 with a gap down on 3 Feb. The Wyckoff distribution phase was prolonged and continued for several months until late October. The earning results on 27 Oct triggered another gap down and took the price to around $88. However, this down move was accompanied by a big spike in volume in comparison to previous down swings. This capitulation was considered as stopping volume and was confirmed by the higher low test with decreasing volume. The price confirmed the $88 level is Wyckoff selling climax (SC) as it rallied to $119 in mid Nov. This rally has the characteristics of a Wyckoff change of character (CHoC) where the down trend was shifted to a trading range. The price tested the $119 resistance on several occasions with relatively low volume compared to late October 2022. This was the sign of supply exhaustion and a rally could be expected. Subsequently, META started 2023 with a successful breakout from the $119 resistance and a Wyckoff sign of strength (SOS) rally. The rally was steady but reassuringly after successfully breaking out of the trading range. Then the earning results on 2 Feb provided the much needed catalyst for the price to gap up with strong momentum. Nevertheless, the price quickly pulled back from the $197 resistance to form a Wycoff back up (BU) range. The pull back was shallow, about half of the price gap on 2 Feb. Furthermore, there was no threatening volume to suggest the presence of supply. The price also confirmed the bullish momentum with another rally up that successfully stayed above the $197 axis. META Directional Bias Via Wyckoff Method Bullish. According to the Wyckoff method, META just broke out of BU range between $168 and $197. The shallow retest of $197 on 20 Mar would have been a great entry signal for a long position with the swing low of $187 as stop loss. The price might retest the $197 axis again before challenging the next immediate resistance at $245 and $322 to close the gap of Feb 2022. If the price breaks below $187, it will likely retest the support at $169 with a prolonged consolidation.
NASDAQ:METALong
by mingjong
2
META W1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NASDAQ:METAShort
by traderchamp_
Looking back on the FAANG trade and how far it's crashedWith all the recent bearishness in markets, the crash of regional banks, the carnage in Treasuries, I had a thought: what ever happened to FAANG? My initial impulse was that FAANG, like many other stocks, would be hit especially hard. The poster child of the epic bull run we saw several years ago - the modern tech run - the hype that caught the world's attention. To my surprise, as you'll see in the chart above, the trend over the long-term is still ridiculously strong. Pay close attention to how these stocks performed since 2013. In addition, they are all larger today, by many multiples, with piles of cash on the balance sheet. I don't have a say on where this basket of stocks will go next, but I walk away wondering just how worried the market really is about a prolonged bear market. I would have expected this basket to be down even more than it is now. Yes, it has retraced to multi-year lows, trading at levels from 2019 and 2020, but considering the carnage in markets, this is actually holding up decently. What's my trade? I drew some levels. I'll wait for it to come back to previous support. But if it breaks, I'm out for good and the bear market could have a long way to go. This is high up on my watchlist for market sentiment.
NASDAQ:META
by scheplick
8
META- MAKE OR BREAKThis will all go down to Meta's earning call. If they have a solid solution to continue to make profits investors will most likely be confident to invest more. And move into upper channel, however if investors are not confident in Meta's direction, it will slide back down into downward channel. This is not financial advise, I am not an advisor or financial specialist. All trades are risks. The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NASDAQ:META
by venrazu
META - Rising Trend [MIDTERM]- Medium term Investors have paid higher prices over time to buy Meta and the stock is in a rising trend channel in the medium long term. - This signals increasing optimism among investors and indicates continued rise. - META has broken up through resistance at 183. - This predicts a further rise. - Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. - Overall assessed as technically positive for the medium long term. Verify it first and believe later. WavePoint ❤️
NASDAQ:METALong
by wavepoint99
META Layoffs: Good or Bad?Most people assume layoffs are going to drive the price of the stock down. NOPE, general consensus on the professional side is the sooner layoffs begin, the faster the company can recover from declining revenues and earnings, and reinvent. META is a stock in a sub-industry that has few members, hence it is used in many ETFs and mutual funds due to that rare sub-industry group. It has some stiff resistance shown best on the weekly chart above current price. But with support from institutional investors, the stronger support level in the bottom formation is likely to hold.
NASDAQ:META
by MarthaStokesCMT-TechniTrader