Meta Platforms soared nearly 22% in late day trading on Thursday, nearing the $500B market cap level, after the Zuckerberg-led company's fourth quarter results and guidance were better than feared.
The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish than expected message from Federal Reserve Chair Jerome Powell...
META has had a good uptrend since Nov 2022 but I am not expecting it can keep it up any longer. I expect a downtrend from 215 ish. Lets see what happens!
META has been doing the heavy lifting for the communication sector.
One of the reasons communication sector is the best performing sector year to date is simply because of Metas outperformance.
Once the key moving average intersects it likey will result in a downtrend. Meta bulls have more work to do to stop this.
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Most people assume layoffs are going to drive the price of the stock down. NOPE, general consensus on the professional side is the sooner layoffs begin, the faster the company can recover from declining revenues and earnings, and reinvent.
META is a stock in a sub-industry that has few members, hence it is used in many ETFs and mutual funds due to that rare...
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...
Looking at the position of this asset, I will say that if the TL is strong enough to hold as support, then I will target $200 as my first buy TP.
Note: $200 zone is also the FIB38.2 zone making it a significant area to watch out for.
However, if the Trendline fails, we may be heading downwards $150 to fill the gap.
I hope fundamental favours META
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Meta Platforms has faced some challenges in recent times, with a drop in share prices since its peak in 2021, and investors remaining cautious about its future prospects despite a recent recovery. Its advertising business has been struggling to maintain its former success, which has put significant pressure on the company's profitability. However, Meta's family of...
Easy and nothing fancy in the graph. Good Momentum in the oscilator. Fixed volume profile with a key level in the 61,8% of the Fibonacci Retracement . Maybe a good time for APPLE
META can Reach the POC of the Volume Profile trace form the last Consolitadion. Good momentum so maybe a Good Entry soon. I hope this short Analysis can help to the community.
Any correction, idea or opinion it's well received.
Regards Axu.
Meta Platforms is showing heavy bearish signs. Price hit my 178.00 block. It is now testing the 174.14 zone ( a 5min zone). We have EQUAL LOWS around that region which have to be taken out. Once price breaks those lows, it will be headed for the 170.00 Pontential Bearish BOS. That's where price will break structure and fall further.
We remain...
Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 155.50, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 124.63, where the overlap support and 61.8% Fibonacci line is.
Take profit will be at 224.28,...
Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 155.50, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 124.63, where the overlap support and 61.8% Fibonacci line is.
Take profit will be at 224.28,...
This was a 2021 Bubble Darling, where all the low-tech Boomers were battling hand over fist to put Liquidity in.
Now that its under 1 billion market cap, the additional downside is very minimal... perhaps $2.00
The upside for a reflexive short squeeze is appealing. This company has strong name recognition and an understandable narrative to sell.
$3.10...
META has had a nice rally and a huge gap up on earnings.
My thinking is that the rally is overdone and that we fill the gap.
This would mean returning to a price level of $152.
This would also correspond with 200 day MA and the near term upward trendline.
Sell.
$META is one of the strong movers this week showing crazy gains in the past few days!
price currently on the premium level in confluence with the order block levels
I am expecting a small correction near the R1 and R2 level oscillator in the overbought area.
