RSI heavily overbought, backtest (and also gap fill) likely. Will load up heavily if it happens.
Forward growth seems to be priced back into these hot high volume in the news stocks. Both Tesla and Facebook/meta have almost doubled in the last month. Dividend dow is not shunned and ignored as hot stocks are back in style. Fear in vix and junk bonds is low.
Meta Platforms (META) stock is surging through the roof following the encouraging Fed outlook on future rate hikes and Zuckerberg's promises on stock buy-backs, cost cutting and focus on profitability. We warned META was an excellent buy last month after closing two straight green monthly candles as well as back in November when we advised to buy at the bottom,...
It's time to keep a close eye on FAANGT stocks to be ready to reposition once the rules I've outlined in my post “A trading system for rookies” are met. I also urge you to consider positions in the Greek Stock Exchange where there are now many reliable and safe shares that are in a mature phase of growth. Some of them are presented below. For more...
META went on a tear but will retrace into the purple box imo where I will buy.
Earning, GAP up into Supply zone Short Entry 190 Stop 202 Target 155, 120 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Just using a few fundamentals that I have learnt. Hope I am correct here as I was with Tesla. In the current market its very difficult to analyse information as things change unexpectedly. Study and preserve your cash for ammunition when the time is right.
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...
Earnings today AMC. Analysts appear to be mixed on META meeting or beating expectations. Numbers to beat are higher than last quarter. Cup forming/only a 4 candle consolidation zone so no true handle has formed. Spinning top today representing indecision. Resistance is overhead. Unfilled gap below price. Tough to call/good luck (o: No recommendation/Short...
Who doesn't like sales ? Especially branded goods that costs full price when it was launched in the retail outlets. The savvy shoppers will wait patiently for their beloved branded items to go on sales before going on a shopping trip. I believe the stock market works the same way too. Now, Meta Platform is offering 60% discount from its peak but I believe the...
Bullish formation of a symmetrical continuation triangle being formed very nicely with the double bottom inside the triangle. Everything about it is set up as it should be to project further upside. Yhe ADX was strong above 25 as the price was rising confirming strength in the trend and it has dramatically lowered as the price lowered signaling weakness in the...
If you haven`t sold META at $341: Then I think that META Meta Platforms will announce massive layoffs at the earnings date, which the market loves. Mark Zuckerberg will continue spending billions on building the Metaverse, but the market won`t care as long as they fire people. Another reason for a happy earnings ending is the FOMC decision to hike the interest...
Meta Platforms (META) is on a strong January monthly candle (chart on the right) having closed in December two straight green months for the first time since August 2021, which was its All Time High. This alone is a huge bullish development, which along with the 1M RSI being on an Inverse Head and Shoulders pattern (IH&S), it can start staging its long-term...
Up 5% in the pre-market. Cuts were anticipated. This represents around 13% of the workforce. Between Meta and Twitter there's going to be a lot of quality coders on Fiverr for the next few months.
Our update on The Meta Platforms (META) on the 1W time-frame. What stands out is that the stock has completed six (6) straight weekly candles, for the first time since March 2017! This is one of the strongest bullish sequences in its history and while at it, it has established 2 weeks above the 1D MA100 (green trend-line) for the first time since its September...
I trust all that own this stock enjoy this amazing Land Fill, so expect some down-side. Maybe use the FIBs to see where the resistance is? Remember, you get rewarded for RISK, but never lose money selling when up. Kind Regards. Graham.
Massive Moves to the upside often see that move retraced over the coming weeks especially if market fundamentals deteriorate. none the less this stock likely sees a significant amount of profit taking.
I will top up on Meta, great numbers and a lot of FUD in the market. It's oversold at a PE ratio of just 12. It may still be getting cheaper for as long as FED can raise interest rates. All of the arguments against meta are inexperienced people looking at Meta stock price while looking at their new metaverse project information. If they bothered to look at...