META trade ideas
Meta Platforms (META): Testing Momentum—Breakout or Reversal?🔥 LucanInvestor’s Commands:
🩸 Resistance: $613.00. A breakout targets $625 and $640, signaling strong bullish continuation.
🩸 Support: $590.00. A breakdown exposes $575 and $560, indicating further correction potential.
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $613.00, aiming for $625 and $640. Strong buying volume is key for sustaining the rally.
🩸 Short: Below $590.00, targeting $575 and $560. A loss of support could lead to accelerated selling.
🩸 Meta has held steady above its 200 EMA, maintaining a bullish structure despite early signs of weakening momentum on the MACD. A breakout above $613 could reignite the uptrend, while a break below $590 may trigger profit-taking. Year-to-date performance of +70.73% underscores Meta’s strength, but this level is critical for the next move.
👑 "Adapt, act, and thrive. The market rewards precision and courage." — LucanInvestor
META - Just a correction, trend is bullishType: Investment (Not trade)
META has been in a strong bull trend for years.
So we expect it to remain.
For those who wants to increase their share, here is our analysis showing a potential pull back levels.
In a bull trend it is not easy to find correction waves.
As we have been experiencing for NASDAQ:NVDA and $NASDAQ:TSLA.
That is why we do not recommend to sell but find potential levels to increase number of shares.
META has been revolving around a trend line.
A head and shoulders formation may bring prices to the fibo levels illustrated in the chart.
Meta - The Final Resistance Breakout!Meta ( NASDAQ:META ) could actually break the resistance trendline:
Click chart above to see the detailed analysis👆🏻
As we are speaking, Meta is actually retesting the major (and only) resistance trendline of the reverse triangle pattern. If we actually see the bullish breakout - which obviously has to then be confirmed - this triangle breakout could lead to an immediate rally of more than +40%.
Levels to watch: $650, $1.000
Keep your long term vision,
Philip (BasicTrading)
MERRY CHRISTMAS & HAPPY HOLIDAYS FRIENDS!Leading by Example This Christmas! 🎄
I'm out of here and going to focus on what truly matters most. Lets put the phones down, accounts to the side, and focus on Family, Faith, & Friends which are most important! Go be with them and cherish these moments! ❤️
Wishing you all a Merry Christmas & Happy Holidays, I'll be off the grid until Thursday. 🫡
META Long Setup – A Confluence of Fibonacci and Wave SupportOverview:
Meta Platforms, Inc. (NASDAQ: META) continues to be a dominant player in the tech space, fueled by its advancements in AI and the ongoing pivot to the metaverse. This setup takes into account both macroeconomic conditions and technical factors to identify a high-probability trade.
📊 Technical Analysis:
Fibonacci Levels:
The price has retraced to the 61.8% ($583.19) and 65% ($580.34) Fibonacci levels, forming a potential buy zone.
These levels have historically acted as strong support during Meta’s corrections.
Elliott Wave Structure:
Wave (IV) correction appears to be completing near the 0.618 retracement, aligning with the broader uptrend.
Expecting a bounce in Wave (V) toward new highs.
Key Levels:
- Entry Zone: $583.19 - $580.34 (marked by the shaded box).
- Stop-Loss: $576.33 (below key support to minimize risk).
- Target 1: $606.11 – Alignment with prior resistance.
- Target 2: $627.35 – Extension toward the next key level.
🌐 Macro Overview:
Tech Resilience in Tight Liquidity Conditions:
Despite rising interest rates, META has outperformed the NASDAQ 100 due to its AI-driven growth initiatives and continued monetization improvements in Instagram and WhatsApp.
Ad Recovery:
Signs of recovery in digital advertising could provide further tailwinds for META, especially as businesses increase ad spending during Q4.
AI and Metaverse Bets:
Meta's Reality Labs losses have stabilized, and investors are showing increased confidence in their long-term strategy as AI integration becomes evident across their platforms.
📈 Trade Plan:
Entry Zone: Wait for the price to approach $583.19–$580.34 to enter long positions.
Risk-Reward: This setup offers a strong risk-reward ratio of 3:1, assuming both targets are met.
Key Note: Watch for a confirmed bounce from the buy zone before executing the trade. Should the price break below $576.33, the setup will be invalidated.
📌 Final Thoughts:
META remains a strong growth stock amidst macro uncertainty. This trade setup leverages both fundamental trends and technical confluences for a calculated entry.
Feel free to share your thoughts or ask questions in the comments below.
Facebook ($META) - Potential Long Setup HereOverview:
META Platforms Inc. has been at the forefront of reshaping digital interaction through its investments in the metaverse, artificial intelligence, and its robust ad-tech ecosystem.
The recent pullback in price offers a potential buying opportunity, backed by key technical levels and promising fundamentals.
Fundamental Analysis:
- Metaverse Investment & AI Push
META's heavy investment in Reality Labs has been a drag on profitability but signals long-term commitment to innovation. Additionally, META has been leveraging AI to optimize its ad delivery systems, boosting revenue from its core business.
- Ad Revenue Growth
With improving global macroeconomic conditions and advertisers adapting to new privacy rules (post-IDFA), META's ad revenue is expected to maintain steady growth. The upcoming Q4 earnings will be pivotal in assessing this trend.
- Cost Optimization
META’s cost-cutting measures, including its recent layoffs, show commitment to operational efficiency, which could improve margins moving forward.
Macro Trends:
- Interest Rates
The Federal Reserve’s dovish stance on interest rates could positively impact growth stocks like META, providing tailwinds to its valuation.
Consumer Behavior: With digital ad spending expected to grow in 2024, META remains a beneficiary of the increasing shift to online advertising.
Technical Analysis:
Key Levels:
- Buy Zone: $580.39 - $583.25 (Fibonacci 0.618 - 0.65 retracement). This area has confluence with a prior structural pivot and could act as strong support.
- Stop-Loss: $574.65 (below the critical swing low).
Targets:
- Target 1: $604.29 (Fibonacci 0.382 retracement).
- Target 2: $659.40 (Fibonacci -0.236 extension).
Wave Count:
The Elliott Wave structure suggests that META may be completing a corrective wave (WXY). A reversal in the blue "Buy Zone" could signal the start of a new impulsive wave.
Momentum Indicators:
Elder Impulse System shows bearish momentum waning, hinting at a potential reversal. RSI (not shown) is also approaching oversold territory, supporting a bounce scenario.
Trade Plan:
- Entry: $583.25
- Stop-Loss: $574.65
Targets:
- Target 1: $604.29
- Target 2: $659.40
Conclusion:
META offers a compelling buy opportunity as it consolidates near strong support levels. With its focus on metaverse innovation, AI, and cost optimization, coupled with improving macro conditions, META could see significant upside.
However, investors should watch Q4 earnings closely and remain mindful of risks associated with metaverse-related expenditures.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
META, MAJOR CORRECTION LIKELY SOON Hey guys I wanted to share what I’m seeing in meta on the 2 week. Meta is another one that’s had a very nice move for a while. I hope some of y’all did well on it. Meta is coming to the end of this phase and it’s due for a large correction very soon in my opinion.
We have strong bearish divergence between price action, strength, and volume combined. Also hitting a major trend line. It’s in the final stages of wave 5 now. The rsi is finally about ready to rollover as well. Over the coming weeks and months ahead we are looking at a potential 35% correction from here for Meta. Of course there will be some nice swing trading in the middle of all this which is what we do at THE TRADER EDGE. I still wanted to start sharing the bigger pic ideas with the public in hopes that I can truly add a little value to someone out there.
As traders we always trade the higher probabilities. Nothing is certain here with meta but the probabilities of at least a hard correction are very high.
Stay safe, stay focused, no emotions. God bless y’all 👊🏼
Visit us at :
thetraderedge.com
META pullback to $586MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
2HR CHART (expect target to hit THIS WEEK)
Price at or above top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price at or near 3.618 Fibonacci level
Target is $586 or channel bottom
META pulled back, I'm taking advantage! 30% UpsideH5 TRADE - NASDAQ:META
If you want a great fundamental investment as a trade then let NASDAQ:META be your huckleberry friends! Called out this breakout two weeks ago but wanted wait for this retest to happen. Well, we got it!
-H5 Indicator is GREEN
-Ascending triangle breakout with a retest which formed a Bull Flag that broke out as well and now retested.
-Williams CB formed and thriving, even with the big pullback yesterday
-Sitting on a Volume Shelf with ATH free space above
Bought in with 25 shares and will add some options on open.
🔜🎯$706
🎯$780
Not financial advice
META 529 AFTER EARNINGS ? REASONS WHY !!
AI Integration and Advancements: Meta has been prioritizing the integration of artificial intelligence across its applications, which has played a crucial role in the company’s rally2. The market has responded positively to Meta’s efforts in developing and monetizing AI applications, leading to a boost in the stock price.
2. Digital Advertising Market Recovery: The digital advertising market has seen a rebound, which has directly benefited Meta’s core revenue stream. As one of the leaders in digital advertising, Meta’s financial performance has improved with the market’s recovery.
3. Operational Cost Reduction: Meta has implemented several rounds of layoffs, reducing its operating costs significantly. This move has improved the company’s profitability and margins, making it more attractive to investors.
4. Strategic Shifts: Meta has made strategic shifts, such as scaling back its investments in the metaverse, which were initially met with skepticism. This change in strategy has improved investor confidence and contributed to the stock’s growth.
5. Market Conditions: The overall market conditions, including interest rates and economic policies, have also played a role in Meta’s stock performance. A favorable environment for tech stocks has helped propel Meta’s stock to new heights.
META ENTER 408 TP 416 AFTER EARNINGS NASDAQ:META
Growth and Profitability: Bank of America Securities analyst Justin Post maintains a bullish stance on Meta stock, citing potential for growth and profitability1. His analysis anticipates a fourth quarter revenue surpassing the consensus estimates, driven by a 22% year-over-year increase1. This optimistic outlook is fueled by the positive momentum of Reels and advancements in artificial intelligence1.
Monetization of Reels and Messaging: Post believes that Meta is in the early stages of monetizing Reels and messaging, and that ongoing AI and machine learning integrations will enhance user engagement and advertising spend1.
New Products Leveraging AI: The anticipation of new products leveraging Meta’s AI assets, combined with an attractive valuation excluding Metaverse losses, further supports the Buy recommendation1.
Bullish Diagonal Spread: Some investors are going bullish on Meta stock with a diagonal spread2. This strategy involves buying a call option and selling a shorter-term call option against it2.
Advancements in Tech Tools: Meta continually advances its next-gen tech tools, like their AI Code Llama for coding assistance3.
Investment in Metaverse: Meta Platforms is investing billions into the metaverse4. Changes to iOS have stalled Meta’s top line, but Wall Street thinks this will be short-lived
ENTER 408 TP 416 After Earnings
Meta Stock Could Reach $520 by July 2024 Earnings ReportNASDAQ:META
Why Meta Stock Could Reach $520 by July 2024 Earnings Report
Meta Platforms, Inc., formerly known as Facebook, has been making significant strides in its business operations, which could potentially drive its stock price to $520 by the time of its July 2024 earnings report. Here are some key reasons:
1. Strong Performance in Q1 2024
Meta reported a robust first quarter in 2024, with revenue soaring 27% to $36.4 billion compared to the same period last year1. Net income also saw a substantial increase of 117% to $12.4 billion. This strong financial performance indicates a healthy growth trajectory for the company.
2. Significant Investment in AI
CEO Mark Zuckerberg has announced plans for significant investment in artificial intelligence2. While this initially caused a 12% slump in the META stock price, it’s a strategic long-term investment that could potentially drive future growth and profitability.
3. Positive Stock Forecasts
Analysts have made positive predictions about Meta’s stock price. For instance, WalletInvestor forecasts a price of $517.58, while TipRanks predicts a price of $547.45. These predictions suggest a potential for the stock price to reach $520.
4. Expected Growth in Q2 2024
Meta’s CFO has projected total revenue for Q2 2024 to be in the range of $36.5-39 billion. This expected growth could further boost investor confidence and drive up the stock price.
5. Long-Term Growth Potential
Meta has demonstrated a long-term growth potential, with its stock price rising 110% from $209.40 to $441.38 in the 12 months leading up to April 25, 2024. This trend suggests that the company has the potential to reach the $520 mark by July 2024.
Macro Forces Align for Meta: Facebook Long Trade OutlookNASDAQ:META just confirmed another macro bullish trend!
There is a 2 week Time at Mode confirmation with targets of $700, $760 and $830 by February 2025. Not only this but there's also an even higher timeframe Time at Mode bullish trend confirmed on the monthly chart which expires on April 2025. Looks like Q1 2025 will be a nice ride up!
If we get the divine retrace of around $480's we BUY THE DIP and wouldn't hurt simply dollar cost averaging your way in as such a steep retrace could not even happen.
META: Rising Wedge breaking aims at $900Meta Platforms is bullish on its 1D technical outlook (RSI = 60.713, MACD = 12.470, ADX = 49.506), extending the uptrend inside the Rising Wedge that started in July. Technically that pattern is part of the larger Channel Up that dates more than a year back. That also started on a Rising Wedge, which when it broke, it made a +68.89% rise to a HH. So with the 1W RSI on a similar Bullish Cross, we expect the Rising Wedge to break soon and rise by more than +68% (TP = $900.00).
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Meta stock long - OrderflowMeta Platforms has 7.29% upside potential, based on the analysts' average price target. Is META a Buy, Sell or Hold? Meta Platforms has a consensus rating of Strong Buy which is based on 40 buy ratings, 3 hold ratings and 1 sell ratings. The average price target for Meta Platforms is $665.56. NASDAQ:META
META LONG Meta closed at **$619.61**, holding above support at **$617.60**. Targets are **$631** and **$634** as momentum builds.
META’s Next Move: Decoding GEX for Optimal Trades!Key Observations:
* Price Movement: META is trading at $631, showing consolidation near the Highest Positive NETGEX / Call Resistance level.
* Volume Insights: Moderate volume suggests balanced sentiment between buyers and sellers.
GEX Levels:
1. Resistance Levels:
* 638.5: Highest Positive NETGEX and a critical resistance level where significant call activity is concentrated.
* 645 (2nd Call Wall): A breakout above $638.5 could lead META to test $645.
* 650 (3rd Call Wall): Extended target in a bullish scenario.
2. Support Levels:
* 625: Immediate support; a breach could push META toward the lower levels.
* 620: Key Put Support, expected to provide a strong cushion.
Options Oscillator Insights:
* IVR (Implied Volatility Rank): 8.1 – Low implied volatility rank indicates that options are relatively inexpensive, suitable for buyers.
* IVx (Implied Volatility Average): 30.4% – Moderate volatility, reflecting potential price movement in the short term.
* Call %: 37.8% – Bullish sentiment, with calls slightly outweighing puts.
Trade Recommendations:
1. Bullish Setup:
* Trade: Buy META $640 Call expiring December 22, 2024.
* Target: $645–$650.
* Stop Loss: Below $625.
2. Bearish Setup:
* Trade: Buy META $620 Put expiring December 22, 2024.
* Target: $620 or lower.
* Stop Loss: Above $638.5.
Conclusion:
META is positioned at a critical juncture, with the GEX and Options Oscillator indicating potential for either a breakout above $638.5 or a pullback to test support at $625. Traders can leverage these levels for high-probability setups.
Disclaimer: This analysis is for informational purposes only. Always trade responsibly and consider your risk tolerance.
META watch $635 then 668: Major fib clusters that may cause DipsMETA broke out of a flag and ran into a fib cluster.
This would be a good spot for local top and a dip.
Alternatively a break and retest could be an add.
$ 634.32 - 638.33 is the immediate resistance.
$ 667.93 - 668.65 is the next serious barrier.
$ 600.00 - 601.85 is first good support below.
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Previous Plots:
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$400 Break out:
$489 Golden Genesis:
$600 pullback:
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Counting down to 19 Jan 2025 - fate of TiktokUnless you are not a social media user, then you will know that the fate of Tik Tok in US is darkening by the days.........
With President Trump taking over effective 20 January 2025, the timing cannot be more precise. The 45 days grace period is not useful since Tiktok has to consider selling as a prerequisite which they have no intention at all.
The two companies that will stand to benefit will be Meta Platforms/Facebook or Youtube owns by Google. I would think the latter stands a better chance as the lion share of social media users lie with Meta Platform - Facebook, Facebook Messenger, Instagram.
So I will be watching these two stocks closely and accumulate when there is an opportunity.
META - 4h time frame analysisHi traders!
The price is currently near the support level and it's at the bottom of the BB indicator.
The RSI is at 33.44, nearing an oversold area, suggesting the possibility of a bounce from this level. If the price holds above $553 and shows bullish signs a long position could be a good opportunity.
Entry: $554
Target: $591
Stop loss: $547
Risk-reward ratio: 6,01
META Trading Plan & Analysis: Should You Ride the Trend or WaitAs of December 8, 2024, Meta Platforms Inc. (META) is trading at $601.67. Let’s dive into the technicals and fundamentals to strategize!
1. Fundamental Analysis: Meta’s Strengths and Growth Potential
* Forward P/E Ratio: Estimated at 21.5, indicating a premium valuation for a growth tech giant but justified given its strong fundamentals.
* Expected EPS Growth: Analysts project a robust 18.2% 5-year EPS growth, fueled by its dominance in social media and investments in AI and the Metaverse.
* Expected Revenue Growth: Meta’s revenue is expected to grow by 11.8% annually over the next five years, indicating sustained user engagement and ad spending recovery.
* Net Margins: A stellar 28.5%, reflecting Meta’s cost efficiencies and high profitability in its core advertising business.
Fundamental Rating: 9/10
Meta’s growth prospects, profitability, and strong market position make it an appealing investment for long-term growth-oriented investors.
2. Technical Analysis: META’s Price Action & Setup
Support and Resistance Levels:
* Key Resistance: $629.79 (previous high and liquidity zone).
* Immediate Support: $547.75 (recent breakout level and psychological threshold).
* Secondary Support: $496.44 (50-day EMA and previous demand zone).
Indicators:
* MACD: Bullish crossover, confirming positive momentum.
* Moving Averages:
* 20-day EMA: Positioned at $580.50, acting as dynamic support.
* 200-day EMA: Positioned at $496.44, signaling a long-term uptrend.
Liquidity Zones & Order Blocks:
* Liquidity Zone: $547.75 to $601.67, where recent accumulation suggests institutional buying.
* Order Block: $520 to $547, indicating strong demand in case of a pullback.
Bullish Scenario:
* A breakout above $629.79 could open the door for further gains toward $650 or higher, with momentum-driven buying.
Bearish Scenario:
* A rejection at $629.79 followed by a breakdown below $547.75 could trigger a pullback to $520 or the 200-day EMA at $496.44.
3. Trading Plan: Playbook for Scalping & Swing Trading
Scalping Setup:
* Entry: Look for a retest and bounce off $601 or $580.
* Target: $615 (short-term resistance) or $629 (upper range of current consolidation).
* Stop-Loss: $574 (below recent demand zone).
Swing Trading Setup:
* Entry: Accumulate near $547 (key support) or wait for a breakout above $630 with volume.
* Target: $675 to $700 for a medium-term bullish target.
* Stop-Loss: Below $520 to manage downside risks.
4. Where META Might Be Headed Next
Meta is in a solid uptrend, supported by strong fundamentals and bullish technical signals. The stock is currently in a consolidation phase near the $600 mark, which could act as a launchpad for another leg higher. However, patience is key—pullbacks to $547 or even $520 would present better risk-reward opportunities for longer-term entries.
Disclaimer
This analysis is for informational purposes only and not financial advice. Always do your own research and consult a professional before trading.
Room for META to run...This analysis begins with the bowl-shaped accumulation which eventually broke to the upside. The depth of the accumulation(black vertical line in bowl) indicates a likely target for upward potential (vertical green line). The purple lines in and out of the recent bull flag show a measured move price target pretty close to that of the previously mentioned target. This is not the most beautiful chart but I believe that because of the big accumulation and the recent broken-out-of bull flag, we will see META at 700/share sooner than later...
