FB2A trade ideas
META Weekly chart - Cup and Handle, b/oMeta weekly chart showing strength. Cup and handle formed and B/o possibilities are on the high. Next support 384.48, already testing/tested Supply zone. OI showing huge resistance at 375 (58k contracts) this week. May b/o next week. Let us wait and watch.
Possible trades
Possible PCS opportunity
META is in up Trend already !Both Price action analysis by TrapZone Pro and Volume analysis by UMVD points to GREEN ahead
$META: interesting long setupVery nice setup forming here in $META, if it takes out last week's highs I think it can gain traction and likely do very well during Q1 2023 next. It's been basing and holding up with relative strength vs the broad market, which is a good sign, and also might benefit from a potential TikTok ban, as mostly $META and $SNAP control social networks used by Gen Z for the most part. Just a wild card, but interesting nevertheless.
Best of luck,
Ivan Labrie.
$META: bull market continues...Nice weekly trend in $META here...As Zuck's leadership continues to impress shareholders finally addressing the excess fat that needed to be shed, the company is well positioned to monetize the growth in Emerging Markets (India, with reshoring, Mexico...) that are heavy users of Whatsapp and would be a boost to revenues from monetization over time, while the Reality Labs call option gives it unknown but potentially huge upside long term. I liked the valuation at the bottom and I like the way things are shaping up on the way up, let's see how it goes.
Best of luck!
Cheers,
Ivan Labrie.
MSFT wont break overRemember me as the wizard who predicted the dump right before it happend. With a swing of my staff I've predicted the big MSFT fall :)
I am looking for a potential short here on META.As you can see here, we are not only approaching a supply zone on the daily chart for NASDAQ:META but we are also riding this trendline. I will look for a break of the trendline and enter a short swing. Remember, always risk what you are willing to lose. Thank you as always reading my analysis. God bless you.
Meta Platforms (META) Will Break Out to New All-Time HighsThe company’s financials are also impressive, as it reported a revenue of $126.96 billion and a net income of $29.73 billion for the fiscal year 2022, representing a year-over-year growth of 10.6% and 24.8%, respectively. The company also has a healthy balance sheet, with $64.08 billion in cash and equivalents and $12.54 billion in total debt as of September 30, 2023. The company’s earnings per share (EPS) for the trailing twelve months (TTM) was $11.33, giving it a price-to-earnings (PE) ratio of 32.73, which is lower than the industry average of 37.62. The company’s forward PE ratio, based on the estimated EPS for the next year, is 20.20, which is also lower than the industry average of 25.63.
Bearish METAWe can see a formation of a double top and that is a bearish signal to me. some other factors im seeing are a bearish RSI divergence so theoretically it should have a pull back soon. Im nibbling a bit and shorting some meta.
META
On the 15-minute chart, META recently touched the 200 EMA and rebounded, with the MACD indicating a potential shift to positive territory. It seems the market is currently absorbing bullish premiums, and just before closing, there might be an effort to burn bear premiums as well. Caution is advised in the current market conditions. My target is still 380.
Navigating the Surging Tide and Unleashing Growth Potential
Industry Meta Platforms, the parent company of Facebook, has been making waves, with its stock surging an impressive 194% last year.
I. Unleashing Revenue Potential:
Meta's fiscal year 2024 consensus revenue growth of 13% appears conservative. There are several factors that could drive Meta's revenue beyond expectations, including product improvements, increased engagement through AI content distribution, and a rising demand from Chinese advertisers. The firm's optimistic target implies a 31% upside from Meta's recent closing price, making it one of the most bullish estimates on Wall Street.
II. Operational Efficiency and Cost-Cutting:
Meta's surge in the previous year was not solely fueled by market dynamics but also by strategic decisions to enhance operational efficiency. CEO Mark Zuckerberg dubbed it the "Year of Efficiency," and the results are reflected in the company's estimated operating expenses for 2024, ranging from $94 to $99 billion, compared to the $88 billion estimated for 2023.
III. The WhatsApp Advantage:
The use of WhatsApp and artificial intelligence as a game-changer for Meta. With more than 2 billion users, WhatsApp represents a significant potential catalyst for the company. Automating customer service through AI on WhatsApp could incrementally increase Meta's revenue base by a third over time.
IV. Technical Outlook:
From a technical standpoint, Meta Platforms has broken through the ceiling of its rising trend channel, signaling a potentially stronger rising rate. While short-term corrections are possible,
Conclusion:
In summary, Meta Platforms appears to be on the cusp of a transformative period, with buyers bullish on the stock. The combination of revenue-driving factors, operational efficiency measures, and the untapped potential of WhatsApp positions NASDAQ:META for a compelling future. Investors should keep a close eye on Meta Platforms as it navigates the tech landscape, potentially unlocking value beyond current market expectations.
META Looking to End Impulsive Rally Wave (5)Short-term Elliott Wave View in Meta shows an ending diagonal rally from 10.23.2023 low. Up from 10.23.2023 low, wave (1) ended at 342.92 and pullback in wave (2) ended at 313.66. The stock rallies again in wave (3) towards 361.90 and dips in wave (4) ended at 340.01. Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure as the 45 minutes chart below shows.
Down from wave (3), wave ((a)) ended at 357.81 and wave ((b)) ended at 360. Wave ((c)) lower ended at 351.82 which completed wave W. Rally in wave X ended at 355.32. Down from there, wave ((a)) ended at 349.75 and wave ((b)) ended at 354. Wave ((c)) lower ended at 340.05 which completed wave Y of (4). The stock has turned higher in wave (5). Up from wave (4), wave ((i)) ended at 348.15 and wave ((ii)) ended at 344.16. Wave ((iii)) higher ended at 360.64. Expect pullback in wave ((iv)) followed by another leg higher in wave ((v)) to complete wave 1. Afterwards, stock should pullback in wave 2 to correct cycle from 1.2.2024 low in 3, 7, or 11 swing before it resumes higher.
META at the end of a running correction. Massive breakout soon.Since February of last year, Meta has been in an upward impulse pattern with Wave 4 in a prolonged running double three. The last segment of Wave 4 is a running triangle with its apex very close to the February 1 earnings report. If this pattern is correct, Wave 5 should extend either at the 161.8% or 261.8% Fibonacci level which is between ($870-1,400) respectively. The time target is less certain but I’m estimating that it will be 161.8% of the time taken by Wave 3, putting the target date in the last week of March.
META Retest of 2021 All Time High?Pulled back to 21EMA value zone last week, and reversed to close the week bullish.
Bullish MACD and Force Index Divergences point to upside potential in the week ahead.
Croc done Ate M3T4...As we are coming out of a constructed bearish outlook of 2024, I think we may be sold a "all time highs" dream once more.
Meta will partake in this rally but once reached the top jaw..... we will begin to chomp down.
I was so bored I decided to make this lowkey.
Initiate Short META@mchuac88 High correlation and R2. Vixfix turning dark blue and starting to point up
meta next to comemeta has alot bearish divergence grow buyers are getting weak sellers step in it could make a twist fall and come tumbling back down over the next few weeks - months
Short $META at $350 down to $81 targetLike many of the other tech stocks META looks extended here.
I could see one more move up into the $350 region, and if it hits there, I think that sets up a good short opportunity.
Lots of people saying we're starting a new bull trend, but what makes me think that's not true?
In a bull trend, you see a slow rise up, not a 300% bounce in a year. That indicates to me that this move has been corrective and not impulsive.
I think we're nearing a top and once we hit it, I think it'll be a fast decline down to the $81 target on the chart.
I'll be playing this move through options w/ expiry into late 2024/early 2025
$META Finds Strength at Key Support Amidst $SPY, $QQQ DownturnIn today's trading session, we witnessed a significant divergence in market behavior. While AMEX:SPY and NASDAQ:QQQ experienced notable downturns, NASDAQ:META demonstrated resilience by adhering to a crucial support zone. This is further emphasized by its rebound off the bottom of the current uptrend channel, forming a 2-1-2u reversal pattern. This pattern could be indicative of a potential shift in market sentiment, especially with the upcoming NFP data release. Traders should keep a close watch on NASDAQ:META for possible trend continuation or reversal signals. Chart attached for detailed analysis.
META Platforms - Chart Study - 1 HR TFReason the price drop:
Clear divergence on 1HR time frame. Candles were printing the higher high's while the RSI indicator started printing divergence, which caused the price drop from $361 to $340.
METAMETA seems to have reach wave 3 and a correction is due in the short term.
Attached the prediction of next move.
My opinion.
