META Weekly Analysis!
Inverted Head and Shoulders Pattern Formation in META!
Trend Reversal in META!
META was in a clear downtrend. After it has made a Inverted Head and Shoulders pattern on a weekly timeframe. It has given a breakout to it's neckline and retested it so it can be act like a next support level which i've extended. Inverted Head and Shoulders...
🏃♂️♾ Meta Platforms(META) ♾ is moving near the 🔴 Resistance zone($332-$315) 🔴.
💡Also, we can see Regular Divergence (RD-) between two consecutive peaks .
In terms of Elliott wave theory , the Meta Platforms(META) seem to have completed the main wave 3 at the 🔴 Resistance zone($332-$315) 🔴 with the help of the Expanding Ending Diagonal Pattern .
🌊It is...
after deep dive of meta stock, $145 or $155 will be smart money first target for start retracement.
i think $137 act as good level for reaching $183. in other hand, $122~$120 zone and $110 maybe have some good long positions.
for long confirmation we need more clues.
METAUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% META, 55% Cash.
* BOUNCE WATCH . Equities, Equity Futures, Commodities, Cryptos, CNYUSD, JPYUSD, GBPUSD, EURUSD and US Treasuries are up. DXY and VIX are down. META has now fallen 77% from its ATH in September 2021 after posting two consecutive quarters of revenue declines and is...
Meta has not bounced from its support level as expected. We will wait for a day or 2 to see how price action works at this level before taking a long or short position.
The next level of support if the current support level(149 level) is broken is around 135. It would take some time to reach there, besides there would be some volatility with these ranges before...
META is getting beaten down ever since the market pulls back from its ATH. Besides the whole market going lower, META also missed its earnings and highly criticize with their privacy security of their social media empire.
in my technical perspective $META still very bearish on 4hr chart and the daily. META is the only tech stock that sitting just right above the...
Meta has hit the levels 155-158 multiple times, it is more likely that the stock would tend to move lower to the next support.
The next support area currently is at 149 levels.
