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METAMETAMETA

META

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META trade ideas

META is setting up for a breakout.What we are looking at here is META on the Daily TF. I want to draw your attention to the downward sloping line (yellow), where price action has been attacking since the beginning of April. The yellow line was acting as resistance until the 5th hit of that line, when a break out occurred (purple box). Now that we have seen a breakout above that resistance line, the chart is indicating that the price action wants to go a bit higher. Once the price gets to around the $140 level it will hit the resistance line (green), where we can expect the price to stall out and eventually retrace back down to the blue support line (as it is an up-sloping trend line). If it breaks through the blue support, it will head back down to the down sloping (yellow) trend line which will now act as major support. The first hit of the blue line could possibly be a great place to start going long on META, knowing that if it does pierce the blue line, the yellow line will provide some additional support for a major move to the upside. At the end of the chart you will notice the red arrows, which indicate how price action is expected to go. META will continue to be monitored for price action and this post will be updated as things change. In the comments, let me know what you think will happen. Cheers.
NASDAQ:METALong
by GarethSolowayOfficial
10
META to extend losses even more?Meta - 30d expiry - We look to Sell a break of 107.98 (stop at 115.15) The primary trend remains bearish. There is no clear indication that the downward move is coming to an end. This is curremtly an actively traded stock. 108.32 has been pivotal. A break of the recent low at 108.32 should result in a further move lower. Our overall sentiment remains bearish looking for lower levels. Our profit targets will be 91.04 and 88.04 Resistance: 126.40 / 134.00 / 142.00 Support: 115.00 / 108.50 / 96.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:METAShort
by VantageMarkets
META - Zuckerberg Strikes Back?Year-to Date performance from NASDAQ:META already been down 65%. If we take a look from the Weekly Chart, major downtrend has been occured since end of October 2022 and started to give some reversal signal until today. Weekly Candle position is in the resistant area from the major downtrend formed since early 2022. In the smaller timeframe (4H), META's candle form a consolidation area with resistant range between $122.53 - $124.670 (Last $120.27). Additional information on other indicators which I regularly used for my analysis (using 4H Chart): 1. Stochastic repetitively Golden and Dead Cross in between value area of 50 and currently %K above %D and the value is above 50. 2. Squeeze Momentum Indicator shows narrow Histogram and Squeeze Signal has been shown a squeezed since 16 Dec 2022. 3. MACD is currently in a positive area and tend to flat in the area near 0 value 4. Pivot Weekly movement in the Central Pivot Range since 12 Dec 2022 and candle position currently above its Monthly Pivot Range. Next week will be interesting if the candles can breakout 2 resistant area: Down Trend Line and Horizontal Area or when Squeeze is released with Positive Histogram on 4H Chart. Pay attention to 4H Chart EMA200, because META's position has been below EMA200 since Q4 2021 and only occasionally above it until today, expect heavy resistant near EMA200. Is it time for Zuckerberg to strikes back? Disclaimer: Writer is not responsible for any trading activity by individual who read this analysis. Writer do not have any position in NASDAQ:META when this analysis is posted.
NASDAQ:METALong
by dhimaswppr