Meta Platforms, formerly known as Facebook, has been getting a lot of attention lately, primarily because of the reasons that led to the name change. The company has stressed that it will actively invest to become a leader in the metaverse. The move has divided investors into two camps. On the one hand, the move to the metaverse expands the overall addressable...
Hello friends, today you can review the technical analysis on a 1D linear scale chart for Meta Platforms, Inc. (FB). 1) The price is currently in a Double Bottom Pattern with the potential of coming to a breakout area. 2) If price breaks out of the Double Bottom Pattern, it would move back inside a Parallel Channel it has been respecting since February 2020. It...
On daily chart, dead cross (50 sma crossing below 200 sma) is about to happen. Fib Level 0.618 - $332 (the rectangle area) is a huge resistance which has been tried 4 times in December. Also 200 and 50 smas is suppressing the bullish movement. Looking for a breakdown to $300 area in near future. Disclaimer: This is not a trading advice. I am not a financial...
Today we will take a look at META. What are the main technical elements we can see? - We can see two clear impulses and two clear corrections. The first correction was an ABCDE triangle pattern. And the current correction is an ABC zig-zag pattern (for now) - Understanding corrective structures is crucial to have clarity when a correction is finished or...
Facebook will trade in a range for a few more days at $320-$332 before going on a bull run so get in near the bottom for a swing. The 5 day trend is high. RSI at 50 which I like. Target price $347. If you agree with me then follow me for more, also give this a like! Thanks
Facebook $FB is fundamentally and technically undervalued relative to the market $QQQ, with a forward p/e of 20 it's cheap for a big growing tech stock. Today's price action formed a bullish hammer candle pattern with the price under the lower Buy Sell Band making for a good long entry. Range Strength indicates the price is non-trending and we're 7.71% below the...
Meta Platforms stock has declined markedly over the past few months. After popping a 52-week high of $384.33 three months ago, shares of this technology company have fallen more than 19%. Meta stock appears to be cooling off after a victorious 2020 and further strong gains this summer. The stock is also likely affected by increased media and government scrutiny...
$meta #meta $fb looks like it could be forming a bull flag. This weekly close should be telling. Currently looking at a throwback to previous ATH... bounce here would be bullish and would feel good about breakout to PT.
Play-to-earn games have been gaining a lot of traction lately, but how it does fit into the "metaverse" and its upcoming growth trajectories? An underlying trend worth looking at, imo.
Quick look at the %'s of coins that involved with gaming & virtual items Some like UFO & RNDN and others were not able to be listed due to TradingView not covering them yet SAND being the biggest gainer, while Axe Inifinity came up pretty poorly, which was a surprise choose wisely or grab a load of all of them, big things coming in next year! trade smarter,...
Facebook if it can't break 320 will have possibility to come down and test the 290 area where I believe would be the best spot to start adding to Meta on the dip. This one could still go either way but FB is undervalued here on the cut, it pulled a possible fake to the downside with more upside to come -- good luck trading and don't get too eager unless you're...
first bids on FB at macro supp -25% off ATHs at 300ish. 1@300 2@280 3@255 4@245 5@225 time frame multi month SL = N/A
Still needs some time to develop, but bounced off falling wedge support for now. Also holding between 23.6-38.2% fib. Markets must reverse in order for Facebook to reverse as well.
The wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement. This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention to the Take profit and Stop loss
Facebook price to sales multiple keeps declining as it failed to make new price highs. Is this an indication that there are sellers or profit takings moving out of this steady grower? Are investors not happy with the name change to META and unsure of the metaverse future? the support neckline we are current sitting is where the battle is being fought and voted on...
Mana is looking really good so far we have broke out retesting hopefully we hold the trend line if not I have drawn on the level to watch on the downside and targets for upside.
In this video: * Overall, I remain neutral to slightly Bullish Crypto, however... * There are definitely more and more caution flags appearing! * Today we look at the influence that the Stock Market might be playing on crypto * We start with the FAANG stocks: Facebook, Apple, Amazon, Netflix, and Google * We look at Twitter * We look at the S&P, Nasdaq, and Dow...