Meta Platforms (META) almost hit its 1D MA200 (orange trend-line) yesterday, a Support level that has been holding since February 01 2023. With the long-term pattern being a Channel Up since the November 04 2022 market bottom, yesterday's Low is similar to the Double Bottom on Meta's previous Accumulation phase on October 26 2023. That day's Low started the 2nd...
NASDAQ:META had a good run, but now that run is coming to an end. I started buying puts today when price was at $524. I bought 6/21 $300P. There's a chance price could break the current highs, but it wouldn't change my bias. I think starting later this month, we're going to start to see a large move down in META. Overall, I think there's a possibility that...
Meta is showing 2 possible targets on the upside. These are not option levels. Lets wait for this week to see a clear picture
Meta Platforms presents a compelling case study for investors navigating a dynamic market environment. While robust analyst expectations for earnings growth paint a promising picture, recent stock price performance has lagged behind broader market trends. The key factors influencing Meta's trajectory, include: Market Underperformance: Meta's stock has...
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...
FAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google. FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX . If you follow the financial or business news, you may have seen or heard the term FAANG...
Meta's Threads, the text-based social media app launched with much fanfare a year ago, has reached 175 million monthly active users (MAUs). This milestone signifies a strong first year, but questions remain about whether Threads can truly challenge the social media titan, X. There's no denying Threads' impressive growth. Reaching 175 million MAUs within a year is...
META starting to consolidate and contract just below all time highs. We are also receiving a blue continuation signal on it.
12M: Bullish Engulfing → Grey zone 453 – 509 → 537, 553, 465 above , 390 below 3M: Could not break above high of prev. candle. But closes bullish → range of last quarter becomes important → grey area provides a possible reversal/ continuation zone. → Stochastic is turning down Monthly: closing in bearish territory → bullish → could not close above highs →...
Based on after-market price action META has already dropped from about $493 into the gap at about $420. There is room to fall further to the 200 day EMA that coincides with the previous all-time high. We would definitely expect some reaction at that point. There should be a lot of price action at this point since the gap is so large. This is a wait and see situation.
Hello Traders and Investors, today I will take a look at Meta Platforms. -------- Explanation of my video analysis: For more than five years Meta Platforms has been trading in a reverse symmetrical triangle formation. We saw the last retest of support back in the end of 2022 which was followed by a decent rally of +450% towards the upside. At the moment Meta...
We initially set our maximum target at $510, and the price climbed to $531—a difference of only about 4%, which is quite close given the magnitude. We're satisfied with our analysis so far and want to stay within this timeframe. While it's possible that Waves 3 and 4 haven't fully played out yet, we need to consider that Wave 5 in Meta often tends to be longer....
Meta / Facebook share price currently at major resistance (upper parallel line). If there was "a crash". The "Margin of safety" probably at 218 +/- which is a confluence zone of 1) Monthly Order Block 2) Median Line of parallel channel,
On a 1-hour time frame, observing Meta's price action gap involves noting sudden shifts in opening and closing prices between consecutive candlesticks. This discontinuity signals significant changes in market sentiment and supply-demand dynamics. Traders interpret bullish gaps as positive sentiment and increased buying pressure, while bearish gaps signify...
If you haven`t sold META when ARK did that: nor bought the META before the previous earnings: Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week, I would consider purchasing the 480usd strike price Calls with an expiration date of 2024-5-3, for a premium of approximately $24.80. If these options...
Technically META top could be in. Like NVDA, it can keep sliding until a critical support level breaks and waterfall ensues. However, the last wave 5 of 5 did not quite end in a blow off top type fashion; something you would expect from a major primary degree top. There was however, significant RSI bearish divergence on the daily timeframe, that tells us it was...
META SELL SIGNAL SELL ENTRY - $494 SL - $519 CURRENT PRICE - $481 OBV volume trending down.