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 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...
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.
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...
The PEAD projected a Bullish outlook for $META after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Primary Chart: Daily Time Frame, 8-D and 21-D EMAs, Long-Term Fibonacci Levels (Retracements of META's Entire Range), Uptrend from Nov. 4, 2022 Low SUMMARY: META remains in a severe downtrend since its all-time high in September 2021. The primary-degree trendline remains unbroken and in effect. A shorter down trendline for most of 2022 has been broken...
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,...
RSI heavily overbought, backtest (and also gap fill) likely. Will load up heavily if it happens.
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.
META went on a tear but will retrace into the purple box imo where I will buy.
META approaching a significant zone - 160-165 range, where we can see a possible pullback based on the below: - 50WEMA - 200DMA - Fib pocket - Previous support zone
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...
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.
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...
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...
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.
Divergence Dollar wekaness Meta verse investment 100 Mqp
Meta Platforms, the social media giant formerly known as Facebook, became a trillion-dollar company in June 2021. Three months later, its market value peaked at $1.08 trillion. But Meta is currently worth only $370 billion. It has lost two-thirds of its value as a slowdown in its advertising business, continued losses in its virtual reality business and rising...