META to 1,000 before Jan2026I feel this is early, but definitely bullish.
$1,000 long term IMO
Not financial advice, I like swinging and positioning.
META06 trade ideas
META: The Tech Sector Still Has LifeMETA is not showing anything to me at the moment (give it a day or two), but I thought I'd post this for one of my followers. META is banded in what is becoming a wedge pattern. If it breaks below $442, expect to see $414. If it stays in the wedge, expect to see $489 again and even higher. My prediction is that it does stay inside the wedge being that the gap from February was mostly filled. This stock has always been volatile, so expect a big move come earnings. My bet is a big move up.
META - Bullish weekly close!! WATCHOUT- Small market buy on Monday's open wouldn't be bad although we might get a small retrace before bullish continuation.
- Long entries starting from $524 - $510 would be ideal.
- In case price keeps dumping, $500 ish will be the ultimate perfect long entry.
- Trade invalidation upon price breaking below $490.
Similar Crazy Idea on METAHuge Harmonic completion on META completing right at 2021 resistance. Seems nuts, wouldn't predict this will happen but ya never know
Meta/Facebook. Trumponomics related stock. 29/July/24FB / Meta share price probably either fixed by Donald before ..or will be adjusted by Trump after election..218 +/- is strong support as confluence zone.
META Stock Chart Fibonacci Analysis 072824Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 447/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the Support
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Wanna take a ride on META rocket to moon ? - Lets reviewAnalyzing the chart for META, I found it has recently reached its support and is ready to take off soon. It’s better to find a seat before it heads to the moon.
The support level is around $452, with target prices at $504 (TP1), $532 (TP2), and $600 (TP3), as indicated in the graph. My charts are usually simple, with just support and resistance lines (different patterns). I use the RSI graph and volume to support my patterns.
As usual, my advice is not to invest all your money at once. There's a bit of risk with the upcoming earnings report, so consider buying in dips to mitigate potential losses.
This graph is based on my observations. I encourage you to conduct your own analysis before investing or trading any amount in any stock.
Thank you
Topped?Looking over counts here and there is a good chance that it's topped - I think a lot of these big tech stocks in general have topped/not far off and it's time to de risk.
$469-71 short to $400 METAI dowse stocks and indexes... Like, with a pendulum. It's very interesting & has kept me hooked because things sometimes work out.
Anyway, my dowsing was bringing my attention to META today, so I did a reading on it. The chart shows the basics, and I ask twice if I'm missing anything, and I literally get the "black swan/crash" option... TWICE! This is definitely unusual and it claims this occurs 5 days from now, which is next Wednesday, (coincidentally) Fed day.
I've said all year they will not lower rates, so maybe the market finally has a tantrum about it.
Whatever it is though, I have META topping out around here and I definitely feel this is a back the truck up moment (for me, not saying for you!) after an insane rally.
META could definitely go a bit higher because lots of times I get just the next high, like high of the day, and the next day it goes higher (& I get annoyed). But it seems like even if that happens, the downside will more than make up for a little heat.
Target could go down to $395, but anywhere around $400 is good profit from here.
I have a date of 8/12, or maybe 14th, as a possible low on indexes & NVDA, so thinking META falls in there as well. I will have ideas posted on them too with some other "woowoo" details if you're into that.
Be careful and good luck!
META History repeating Double Bottom leading to $800.Meta Platforms (META) almost hit its 1D MA200 (orange trend-line) yesterday, a Support level that has been holding since February 01 2023. With the long-term pattern being a Channel Up since the November 04 2022 market bottom, yesterday's Low is similar to the Double Bottom on Meta's previous Accumulation phase on October 26 2023.
That day's Low started the 2nd Bullish Leg of the Channel Up that peaked on April 08 2024 after a +95.14% rise. This is the exact same % rise as the Feb 24 2023 - July 28 2023 Bullish Leg, which was the 1st of the Channel Up.
As a result, this is technically the most optimal buy opportunity on a long-term basis for META, with a technical Target at $800.00 (+95.14% as the previous 2 Bullish Legs).
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Meta - Monthly BB Sell Signal - Bar to close red inside BB firstPotential Meta monthly sell signal
a week left in the month - hopefully it rallies a bit to get a better sell price
Potential target 330-285
SHORT META stock/buy the dipsometimes, the market tells you a story. You have to listen and act accordingly.
Head and shoulders is a standard strategy. It can also tell you where to find dip. Take a look.
META - What do you think?META is showing solid relative strength in a 2% down day !!
I guess, before earnings this can run up to 500-510-530(!)
And if any slight guidance miss, this gonna plummet to the 460-440-410(?)
$META it was fun while it lasted. Sub $300 coming soon.NASDAQ:META had a good run, but now that run is coming to an end.
I started buying puts today when price was at $524. I bought 6/21 $300P. There's a chance price could break the current highs, but it wouldn't change my bias.
I think starting later this month, we're going to start to see a large move down in META.
Overall, I think there's a possibility that price goes down below where it was in 2022 at the $78 level for a final bottom. I think it's also possible that it could play out this year.
All that said, let's take things week by week from here. I'll probably buy some lottery tickets that expire end of year just incase the most bearish scenario plays out.
Good luck to bulls from here on out. It's not going to be pretty.
META Sell Cycle Trading Plan META
Sell cycle:
Open@468
Close @255
Plan:
Entry1:50% Size:10%Capital Leverage:5X Exit:50%Profit
Entry2:55% Size:10%Capital Leverage:5X Exit:50%Profit
Entry3:60% Size:10%Capital Leverage:6X Exit:60%Profit
Short AgainAfter the breakthrough 2 days ago and the fine drop yesterday I took the profit as I had expected a retracement of the decline. We've seen it today. Now the market became calm again and the decline can be continued.
I expect a further drop as the retracement has topped at a line which has been a multiple support and resistance repeatedly since the end of January. No renewed buying interest emerges above this line it seems.
Meta in Weekly chartHello everyone
I am so sure about corrective waves patterns but I am sure that Meta in stuck in a mid-term correction.
Let it go down and we will get in in the lowest prices.
Be safe and Happy
META UPSIDE TARGETS 22 July 2024Meta is showing 2 possible targets on the upside. These are not option levels. Lets wait for this week to see a clear picture
Bearish on META on high time frame. Every 3 years since 2018 we are presented with a bearish RSI divergence on the weekly chart, followed by a dump of epic proportions.
Will 2024 be different?
Since Feb 2024 we have had two island reversals set up on the daily. On Friday, we rallied to close the gap from below and proceeded to close the day below prior day high.
Monthly chart shows decreasing volume.
Weekly chart shows aggressive selling for two weeks now.
Monthly close below $470ish and it's not looking good for bulls.
Not financial advice. Happy trading.
META expected correction and buying areaDue to an engulfing candle pattern and completion of 5 wave impulsive Elliott wave pattern, I expect Meta Platforms to correct to price levels below in black from where I expect it to rally to new all time high
META Price Is Holding Around a Key Support Level.META Price Is Holding Around a Key Support Level. But for How Long?
According to TipRanks, the average target price for META, as forecasted by Wall Street analysts, is $537.41 (a 12.94% increase from current levels) over the next 12 months. However, not all analysts remain positive.
Craig Johnson, Chief Market Technician at Piper Sandler, issued a warning about the future of the "Magnificent Seven" stocks, which include Microsoft (MSFT), Apple (AAPL), NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Amazon.com (AMZN), and Alphabet Inc. (GOOG and GOOGL).
"These charts are reversing, and they need further correction," he said on CNBC's Last Call programme.
Indeed, the market is sending alarming signals regarding the leaders. Yesterday, we wrote about the increasing signs of bearish aggression on Nvidia's stock chart; today, we'll assess the price action of Meta Platforms Inc.
Technical analysis of META's daily chart shows that since the second half of last year, the price action is best described by an upward trend (indicated by the blue channel). However:
→ The price has fallen into the lower half of the channel, and the median shows signs of resistance (judging by the price action from 8-10 July).
→ The formation of peaks A-B-C indicates a worrying trend: the price is unable to consolidate at the achieved peaks. We see only a slight excess over the previous maximum – a sign of bullish uncertainty.
→ Meanwhile, the bears are aggressive. Look at the bearish gaps (shown with red arrows) in July.
How might the situation develop further?
Currently, the META stock price is holding around the lower boundary of the trend channel, which is reinforced by the $455 level that previously acted as support (shown with blue arrows). But, given the aggressive activity of the bears, it is reasonable to assume that the lower boundary is under significant pressure.
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