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
META trade ideas
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 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.
META - KEYLEVELS 1htfMETA - KEYLEVELS 1htf
Meta is strong on his up trend , also beacuse we have a broken resitance on weekly time frame.
But now this zone looks more and more like a distribution zone , carefful on short META , if you wanna do it, maybe you need to wait for a broken red line ( neckline ) with a scalp trade.
Meta is Continuing the Rally towards the Next Key LevelFollowing the recent breakout on the initial key level, a continuation of the bullish rally is expected, driving the price further upward. The anticipation is for the price to maintain its bullish momentum and move towards the next key zone formed.
Continue to buy METAContinue to buy META as TikTok is likely to be banned from the Apple store! meaning new apple device will no longer have access to the app, nor will there be any updates.
In Addition, there are rumors, retailers have banned together to bypass Apple's tracking restriction by creating a customer influencer database tracking centered around META technology! this technology no longer relies on cookies but on AI on places you have visited and likely to visit.
META Update: Is There More to Give?Meta has been on a tear since its bottom of $88. This move has been what I am calling Primary Wave ((1)) of Cycle Wave III. I have a target box for the normal end point of this move up, however looking at the structure alone, it looks like this move up is about done. We are well past standard fib levels on the micro level with the power of this move, which is why I have to resort to structure and MACD alone.
Above is a 4HR chart showing a closer view of the sheer magnitude of this move up. It has risen 211% in a little over half a year!!! ..... and it may not even be done . Notice the arrows, these are important identifiers to be able to determine where we are in the count when you can't rely on fib levels. According to the information we are provided at this time, this move up looks done or at least on its last leg as with many other securities. If MACD makes a new high it changes this micro count, but DOES NOT CHANGE THE MAIN COUNT/TARGET BOX . A new high in the MACD just means we are still going higher in this wave ((1)).
On the big chart, according to the bigger picture we can technically go up to $376 and still be considered to be a "standard" move up. After ((1)) finishes, we will drop for wave ((2)) of III. This could take MONTHS to complete before ((3)) of III starts. Whenever it does though, that is 100% a trade I want to be a part of!!
Armed with this information do what you feel is best in your situation. When price tops or does something crazy, I will update. Hope this helps and until then, good luck everyone!
Bonam Fortunam,
--Tyler
Meta platforms Breaking an essential Fibonacci levelBreakout in Fibonacci level on daily charts with an upward trend asks for a bullish trade, with a precaution on retracement in short to mid term.
Disclaimer- For educational purposes, Please consult you financial advisor before an investment in financial markets.
Cup & Handle//OverboughtTargets 1 through 3 have been met.
Big move and sometimes all we get is T1.
Cup depth is 148.77. Targets for C&H patterns are calculated using the depth of the cup projected from the EL level, which is slightly above the left side's high (sell side) then fib levels are applied. I use the .382, .618 and the .786. If price goes higher, I look for sell signals and use the 1.618 and the 1.272 as possible T2.
This is Overbought with RSI set of 80 versus 70.
No recommendation
META,10d+/-14.60%falling cycle -14.6% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
META:Go for a surf with the wind and wavesMeta's stock has been performing remarkably well in 2023, largely owing to an improved sentiment towards tech stocks, the company's aggressive cost-cutting measures, and its focus on Generative AI.
In the first quarter of 2023, Meta's revenue surprisingly increased to $28.64 billion, a 3% increase year-over-year, with a net income of $5.71 billion, a decrease of 24% compared to the same period last year. This growth in revenue could be partially attributed to the recent launch of a new advertising software suite called AI Sandbox. Utilizing Generative AI, this tool assists advertisers, which had a positive impact on the market and led to a 2% increase in Meta's stock price on the day of the announcement. The AI Sandbox currently includes three features: text variation, background generation, and image cropping. These functionalities aid advertisers in creating more personalized, relevant, and engaging advertisements. Meta plans to publicly launch AI Sandbox in July 2023, adding more features such as video generation and audio synthesis.
However, it's important to note that the company's Reality Labs division, responsible for developing virtual and augmented reality technologies for the metaverse, reported sales of $339 million but an operating loss of $3.99 billion. The company anticipates that this operational loss will increase further this year. Although the short-term operational loss from the Reality Labs division may impact Meta's stock price, in the long run, with the proliferation of the metaverse, Reality Labs is expected to provide substantial returns for the company and its shareholders.
From a technical perspective, the broader cycle appears temporarily overbought. There's a resistance channel at 260, and a minor correction is expected, with a support level at 230. The alligator indicator continues to diverge upwards, and with three consecutive bullish weeks, there's a significant chance of breaking directly above the 300 round number. Therefore, I am upgrading my rating for META from "hold" to "buy", and raising my price target from $220 to $320.