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...
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...
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...
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...
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.
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.
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...
Divergence Dollar wekaness Meta verse investment 100 Mqp
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...
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...
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...
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...
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.
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.