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...
Reverse Cup and Handle formed on META as previously analysed. We then had a retracement with a Falling Wedge where there was profit taking. The Support has held and is showing further upside to come. We just need a strong catalyst to boost it up. 7>21 Price >200 RSI>50 Target remains at $355.12
Meta - 30d expiry - We look to Buy at 156.56 (stop at 144.94) We have a Gap open at 02.02 from 153.12 to 183.38. Bespoke support is located at 155. A higher correction is expected. We look for a temporary move lower. Remains bullish while above last week's low. Traded to the highest level in 34 weeks. Our profit targets will be 184.88 and 189.88...
META Meta Platforms Inc Price now testing resistence as support to continue the path to up, TP01 = 156.46$ TP02 = 160.14 if revers the path we still hold and entre again from deep entre 01 = 152.78$ entre 02 = 149.10$ SL = 146.34
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.
Depends on the previous movements of the chart and recent meta activities we can notice - the strong short movement is coming to and end due a recent push in buying power - the crossing in the purpel hma indecatore - good support pressure - best move : wait until the price crosses the yellow hma indicator and go in as buyers
As you know, I am a long term investor. Thus, I usually buy stocks for the long term, and never short any equities due to shorting's unlimited risk. With a P/E ratio of 10, it would be reasonable to think that META is a good bargain considering its status as a social media giant. However: 1. META's Userbase is declining, something never seen before in the history...
wait for $160 , buy level , it's going to above $200 for first move , after another correction, it's going to make more money
I was really hoping META could hold the 172 - 173 support which was also a merge of different EMAs but it gapped down much like other stocks today with high volume. the 155 - 158 level has been a great level for me with a target of 170 and it comes from a long term support (from 2019) you can draw on the weekly/monthly chart. Let's check this out in a few days...
Looking good sitting on horizontal support, 50 and 21 EMA. Still overbought but hopefully holds this support as the RSI cools down. NFA.
Patterns Identified- "Triple Bottom" inside "Falling Wedge" pattern Bottom to neckline measurement is approx. 17.89! The measurement for the wedge from its lowest low and highest high is approx. 198.46. My entry will be just above the break of the neckline at 172. I will use a stop loss which I won't disclose on this forum. Profit taking areas will also be...
Facebook (Meta ) is ready to bounce to $300 and then it continue correction
Social media titan Facebook, now Meta Platforms, has recently been in the midst of a whistleblower scandal. A former employee made allegations against the company. This drama is just the latest development for Meta, which has become a lightning rod for debate. Investors may be seeking to figure out if the company's best days are over, particularly as Facebook's...