Tesla and Meta are two polar opposite trades at the moment. Meta is likely getting rejected at resistance. Shorting makes sense Tesla is getting a bounce at support. Longing it in that chart setup makes sense
Based on after-market price action META has already dropped from about $493 into the gap at about $420. There is room to fall further to the 200 day EMA that coincides with the previous all-time high. We would definitely expect some reaction at that point. There should be a lot of price action at this point since the gap is so large. This is a wait and see situation.
META Shorting The META chart suggests a possible short opportunity based on a the resistance on the monthly timeframe. We expect it to get rejected on that uptrend line near $527. Short price targets 🎯 in descending order: $424 & $360
Meta will likely drop into the green box. It's a confluence of the September 21 high point, the daily MA-50, and the Fibonacci 0.618 retracement. I think it will bounce there and continue its upward trajectory afterwards.
Would short it if I could carry the margins required...
As of April 17, 2024, NASDAQ:META is trading right at the yellow trendline as shown on the chart. A breakdown below this trendline would suggest further decline another 8%, to around $450
NASDAQ:META is losing momentum. Oscillators are currently trending down. The company better bring a blowout quarter on April 24th ER or it risks filling the gap and checking back to that multi-year trendline. 👀
Meta Platforms Inc. is ramping up its efforts to compete with AI industry leader OpenAI by launching early versions of its latest large language model, Llama 3, and a real-time image generator. These advancements are part of Meta's strategy to enhance its presence in the AI space, integrating these technologies into the Meta AI virtual assistant. This assistant...
The 10D chart continues to show significant signs of breakdown after the 13 count. The next 10D candle begins on Friday 4/26. This candle looks to be the start of another leg down towards the 20d SMA around $400. Easy money here. a $100 Move from $500 to $400. Good Luck out there.
9-13 Reversal Possible. If Price Action remains stable, the 13 count 10D candle will end on Thursday, April 11th. For now, stay patient while price chops around this area. Loses $500, will head for 480s. Hourly suggests a pullback to $498 based on MACD plateau.
Rebalancing a gap from February earnings. Retrace continuation outside of top side range. +EV
Big week ahead for NASDAQ:META Q1 Earnings out Wednesday after market close 🕖 Will they beat or miss earning? 🤔 Will the earnings gap get filled?
Technically META top could be in. Like NVDA, it can keep sliding until a critical support level breaks and waterfall ensues. However, the last wave 5 of 5 did not quite end in a blow off top type fashion; something you would expect from a major primary degree top. There was however, significant RSI bearish divergence on the daily timeframe, that tells us it was...
Meta Platform, Inc trading X Right Prices for next week: $494.93 $500.06 $501.63 $503.69 $506.32 $516.39 $521.93 First Distribution: $526.11 Follow by a new support over Week 2, April, $526.36. After mid Retest : Accumulation price: $540.60. = Advance stage confirmation after a final retest follow by 1 confirmation of price above $540.
Meta Platform Descending completed. Lets breakdown the accumulation prices first: Then, Retest at $503.88. Next: $521.44 $527.50 $534.83 Follow by $535.91 $540.01 $543.49 $548.63 $550.45 $556.33 $561.97 $567.35 $573.39 $581.69 $587.03 $593.87
Meta Platforms, Inc updated X Right Price for Quarter 2, 2024: New Support = $514.71 follow by $517.13 $520.02 $522.12 Retest require from here at $514 area before make a higher price as mentioned below. After the Retest expecting the following prices: $527.27 New support over March =...
Meta showing the tendency to go further higher to the levels of 358. The stock is expected to hit the levels of 300 or even to 269 before moving to 350+.
It looks like NASDAQ:META has found a meaningful top as more technical signals agree a short setup has formed. Three significant trendlines have been broken, and today a significant fib retracement level was neatly rejected as TikTok drama continues its inevitable path of escalation. It's tempting to immediately target the gap below, but there is a POC on the...