#META HUGE STRADDLE! Notional value-19M$Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
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META trade ideas
CUP & HANDLE//GapPrice has met resistance at the top of an old gap (look left).
The bottom of the gap(green dashed line) could kick in as support.
Increased volume or momentum could push it through, but for now price is struggling at a major resistance level.
Bearish Harami so far today that needs a 3rd candle for confirmation.
No recommendation.
There is no recent price action inside a gap which can propel price up and through it with ease at times. If price breaks the bottom line of the gap which is also a line of resistance until broken, it is likely to fill the gap. Issues often occur at the top line of the gap after a smooth ride up through the empty space of the gap. This was a previous gap down.
META Analysis: Musk vs ZuckerbergSince the beginning of 2021, META and TSLA shares have seemingly been in competition with each other. Either the price of META is higher than the price of TSLA, or vice versa. The turn has come to the rivalry of the CEOs, in the literal sense.
It started when Zuckerberg announced the idea to create a competitor to Twitter. Musk probably didn’t like it, and in response he offered to fight. Zuckerberg accepted the challenge, asking him to name a venue. Musk chose an arena in Vegas as the venue for the fight.
Musk has a size advantage, and according to him, he has experience in tough street fights in South Africa. Zuckerberg has an age advantage as well as a jiu-jitsu belt.
In anticipation of the battle of billionaires, it is worth paying attention to the META stock chart.
The price of META is near the level of USD 290 per share, which practically means the closing of the gap that formed in 2022. Also, the price of META shares is near the psychological mark of USD 300 – it has influenced the price more than once since 2021. So the 290-300 resistance area may well contribute to the start of a correction for the META share price, which has risen by more than 140% since the beginning of the year.
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META has filled the gapGaps are really order imbalances on a higher timeframe. Massive gap on the daily chart has been filled (which is an order imbalance on the monthly/weekly). After this strong bullish move up, I'm looking for some selling back down for a long entry, then a ride up to a strong resistance zone, which has shown some strong resistance in the past.
Shorting META on the 76.Parabolic rally up to the fibs. My favourite types of setups to fade a move. Will take short positions in this today. Hopefully we open somewhat flat or up. If we gap down I might take part position and limit order for a retracement to get full position.
Probably full position on the open if we're flat or up. As long as we don't break the resistance (Which would invalidate the entry since the stop area would be hitting before the fill).
Meta Take profit (+51%)A day of indecision on the markets yesterday, Meta performed well instead.
I decided to take home a good part of the profits, at the end of the day, considering that my target was only $7 upper.
I take home a profit of more than 50% , maintaining the position on the remainder. The average price gives me a large margin, I think it's time to take home and cry.
Happy trading
Lazy Bull
Possible weekly Meta TradeI am looking for a reversal in Meta. If yellow wave A is complete in 5 sub waves, we would look for a yellow B wave towards the wave 4 of lesser degree, followed by a C wave up. As long as the C wave does not make a new high above teal wave 5, it is likely white wave 2. We would then look for a substantial decline (wave 3) in the value of Meta. Also of interest is the overbought RSI/MFI indicator. All other indicators are looking to turn.
Does META's stock trend shift from rising to fluctuating?Does META's stock trend shift from rising to fluctuating?
This chart shows the weekly candle chart of META stocks over the past two years. The top to bottom golden section of August 2021 is superimposed in the figure. As shown in the figure, since the end of October 2022, the META stock has shown an almost consistent upward rebound trend! In the past three weeks, the price of META stock has been in a long short competition around the top to bottom golden split of 1.382 (265)! The next strong pressure for META stocks will be at the opening price of the big negative line at the end of January 2022 (300.68), which is also the starting point for big bearish positions after peaking!
META bearish pitchfork and RSI analysisMETA reached the middle red pitchfork line while the RSI is overbought and in divergence with the price. This indicates a bearish setup.
Key Level Charts for $META | Fibonacci and Pivot PointsThese levels are good for Swing Traders and Investors.
Rising Wedge So is the dollar going to shit and assets walking up a wall of worry. The trend is your friend. NVM 😉
META Trade Recap (6/12 - 6/16)I followed my plan, but my plan was just wrong. Usually, I don't swing during news but it seems as if most of the trades that I take end up doing pretty well. I'll probably try to swing through news but probably on lighter size instead of just not taking plays :)
$META Spinning Top DetectedNASDAQ:META Spinning Top detected. Buyers and Sellers not able to decide which direction to send it, however, today it went up. There are other indicators in favor of positive price action, and we have ER in later part of July. This may push the price higher. It could also see a small pull back shortly. I think $286 is a good target and like everyone else when they announce "AI" efforts it may certainly push higher.
*Disclaimer*
The information is purely for *entertainment* purposes, and is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations. Do Your Own Due Diligence (DYODD)
Meta -> Rally Not Over YetHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Meta stock started a crazy dump in September of 2021, dropping roughly 80% in a very short period of time but bounced back significantly.
You can also see that the recovery started in October of 2022 and from there Meta created a rally of 200% towards the upside and is now approaching resistance at the $300 level from which I do expect a short term rejection away towards the downside.
On the daily timeframe you can see that Meta stock is still massively bullish, creating new highs every single day so I am now just waiting for a retest of the previous resistance at the $275 level and then I do expect a final blow-off to retest the $300 resistance zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Meta wants to go back into that channelIts only a matter of time , before meta hits all time highs for now there is going to be a slight battle around 285 area in an attempt to get back into the channel.
Meta trade updates (+49%)Meta, the company that owned Facebook and Instagram, released its first quarterly report for 2023, revealing a solid quarter for the company.
The company reported total revenue of $18 billion, up 10% from the same period a year earlier. This increase in revenue was primarily driven by user growth and increased advertising on its services.
In particular, monthly active users on Facebook and Instagram grew by 5% and 7% respectively compared to the same period of the previous year. The company also reported a 15% increase in ad spend on its services, which contributed significantly to the increase in revenue.
In addition, Meta has announced important future investments in virtual reality and augmented reality, a sector in which it is already the market leader with the Oculus department.
However, the company also faced some challenges in the quarter. In particular, Meta has experienced a slight slowdown in user growth in some regions, such as the US and Europe, which could pose a problem for the company's future growth.
Overall, Meta's 2023 first quarter was positive, with solid revenue growth and a promising long-term investment strategy. However, the company will need to continue to closely monitor user growth and ad spending to maintain its position as a leader in social media and technology.
From a technical point of view, Meta is about to close the important gap down at the beginning of 2022 which had started a bear market that lasted all year, a period in which I averaged an average price of 187.85.
Currently the gain of the position is about 50%.
Target gap closure at $290-291, where I will take home part of the profit.
Happy trading
Lazy Bull
Big tech puts ideaBig rejection a couple of days ago (big fat red candle) price is retesting but I don't think is going to break up. Most likely to be rejected again. Is extremely risky bc this is big tech, you know how they are.
Puts $260, 06/16
META H&S can send it skyrocket to $294, unless the MA100 breaksMETA has arguably been one of the hottest, if not the hottest, stocks of the year.
The minor (for its parabolic state) correction since Tuesday has seen it hit the MA100 (1h), which is so far holding.
This has completed a Head and Shoulders pattern, which is technically a bearish structure.
If the neckline but more importantly the MA50 (1h) breaks, we expect the price to invalidate the bearish signal of the H&S.
Trading Plan:
1. Buy if the price closes above the 268.50 neckline and the MA50 (1h).
2. Sell if it closes under the MA100 (1h).
Targets:
1. 294 (Fibonacci 2.0).
2. 250 (the MA200 1h).
Tips:
1. The RSI (1h) has crossed over the MA trendline. This is a short term signal of bullish strength.
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Meta is dancing on the lineLosing that 108.40 line, a quick short will take place to fill the volume gap untill 102.70.
Stop loss at 110.75.
META Stock Price ActionThe bears have taken out the bulls recently, Meta stock might continue to fall using the FVG price action strategy, the next liquidity level seems to be near the 255 area. Banks are long META, long term seems bullish still on monthly chart.
Meta long (1H)In our opinion, the price will rise again after it hits the entry level.
Target and stop loss are shown on the chart.
Meta waiting for selling a stop order !according to my chart analysis Meta Facebook will go down if price reached entry level .
META Entry, Volume, Target, StopWhen price clears: 248.00
With daily volume greater than average
Target: 267.50 area
Depending on your risk tolerance: 241.50 gets you 3/1 Risk/Reward.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
