If you had watched Uber's chart in the past two weeks you have probably realized that it goes one day +5% the other day -5%, next day +4% and again -4% ....; Experienced traders know that's a scary signal that indicates company is running out of money and is scrambling to survive with speculation ! This common phenomenon (+5%, -4%, +4%, -5% ...,) happens just...
Keep it simple, I will be back with more updates from now on. Meta is currently sitting at its channel support looking for either another touch of support. My bet is we head up to fill this gap. I will keep yall updated on the moves throughout the week.
✅META is going down currently As the pair broke the key structure level Which is now a resistance, and after the pullback And retest, I think the price will go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Ideal set of trendline support here. If it were to break we'd be visiting another 50% haircut where a bottom may be found around 88-90$ on the stock. Brutal to think about but it is possible. If it bounces here we could likely see 190-220 as major resistance on the upside. Overall bearish but remember this and NFLX got destroyed before any other tech tickers so...
Although I biased bearish for the past year, the markets are clearly oversold and, furthermore, appear to be showing consolidative pattersn. FAANG index is also showing bullish consolidation. We have a falling wedge and a strong bullish RSI convergence. I believe the recent downturn was also an ABC move. So, in short, although we are down a lot, we have a...
The news is not still officialized but it soon will be announced. Entering is not recommended at all. Perfect for shorting however!!!
Meta Holdings (META) has been trading within a Channel Down ever since the huge early February gap down. The stock has failed to recover its lost 1W MA200 (orange trend-line) on the first rebound attempt and since it has been trading far from it as investors along with other known macro-economical parameters (inflation, war, Fed) are gradually losing faith in the...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Great price, company is in great shape, PE ratio very low for the sector. It's a no brainer, doesn't require much explaining. More elaborate thesis: Not a financial advice, bla bla bla...
Lot of stars aligned there Overlap 38.2% Fibo trend bottom 61.8% Fibo from range Projection of weekly SMA200 $300 psychological number
Please read this article here When I review the weekly chart , I see that it has hit a support level at 249.05 level. The last time it was at this price level was in August 2020. I won't be rushing to buy although a 20% drop is a good bargain for a value investor. I will monitor the price over the weeks as I suspect it might drop further to the next support...
The price is in downtrend since it made it high, so I would expect the price to drop further around 120$ or 130$ , then it would reverse. Please like share and comment
A triangle formation, it is forming up at the 4 hour chart of Meta Stock, heading to 207 levels breaking above that level will lead to a first confirmation of an upcoming reversal pattern moving to next levels above.
$FB will soon change its ticker to $META. The stock formed a symmetrical triangle around its 8 and 21EMAs. A strong Day 1 candle coupled with higher than normal volume will resolve this recent pattern. In such a case, we expect $FB to get above $200 and reach its 50SMA around $204. For such a move, we need to see the $QQQ at the higher end of their recent channel...
Look for dips to be bought in the 231-240 as long as $176 low holds. FB has formed a daily demand zone in the $179-$185 region. Below $176 and we most likely test and/or break $169 low and head towards $150-$159
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share,...
nice long setup on facebook/meta. good r/r here. might try and wait to get a closer entry to the 100 day EMA. no real resistance for a while at this level. set a stop under monthly lows.
If you haven`t sold FB at $341: Then you should know that Sheryl Sandberg is stepping down after 14-year tenure at Facebook as COO. This is not good news in my opinion for what is about to come for FB in the years they are about to spend building the Metaverse. My price target is $162. Looking forward to read your opinion about it.