is $70 the Meta buy?could be.. let's keep eyes on this one :) The fib ext could be the spot. Fiboby FiboSwanny447
Buy when everyone is selling and sell when everyone is buying Buy when everyone is selling and sell when everyone is buying i think its best opportunity for everyone to buy with a level of 99 which is best level 1) RSI is strong 2) if anyone to want to buy at this then stoploss of 95 if this break then 72 is supporting Longby pankajsha59225
LBS1!10.28.22 Lumber is about to become a difficult trade. I mentioned this yesterday gave the reasons. When the market found buyers at the bottom, I explained it I would probably get out of this market too soon, but it was probably. I mentioned that it's reasonable for the market to correct lower....And eventually it corrected just under 60% where I would be looking for buyers. There were buyers...But the market looks like it may reverse and make a new low when the market only had buyers for two bars. This is not good if you want to go long. Today it is trading lower, but it hasn't broken lower from that tube reversal. If this is a problem. It is not worth the risk from my point of view.09:49by ScottBogatin6
The big picture on METAThe monthly chart shows Meta is on 0.786 retracement level. Statistically 0.786 is a big level of a turn around. Either will go back up or down to $57. My bet is it will go up.Longby aaronrtan0
$META - Price Action & Technical Analysis"The first ten thousand I made in the bucket shops I lost because I traded in and out of season, every day, whether or not conditions were right. I wasn't making that mistake twice." Jesse Livermore You do the exact same thing or you've done it :) I know it. I used to as well. To be fair, there is an appealing argument in trading in the lower time frames. Which is that you get presented with more setups which meet the prerequisites of your back tested trading strategy. More setups, more "coin spins" in your favor. However, aside from the obvious incremental increase in the trading fees which, by themselves, can squeeze your average returns ... There are disadvantages that come with trading in the lower time frames which are hard to quantify. If you've been around for long enough in this industry, you must have already realized that the stock market ... well the markets, crypto, forex, commodities' futures, indexes ... is the perfect noise machine. There is always something new, every day there's a "new era" perspective that might jeopardize your strategy. There is always a problem around the corner ... over the past month alone I can count already prominent examples like the Credit Suisse crisis, the Pound crisis, the Russian public debt crisis ... you name them please. The media loves the stock market, they've got free juicy stories every day ... worst case scenario just the doomsday of some random stock ... well, like $META today. Where am I trying to get to? Somewhere along my trading journey I found out that no matter how solid or antifragile my strategy was, this noise would always be around and do what it does best ... give me second thoughts about my A+ strategy ... because "this time it's different". It would inflate me with fear or greed ... and both would lead me to overtrading. What did I do to regulate this hazardous effect from the markets? Shited my trading timeframe to the least noisy possible ... for me, the monthly. Of course I backtested the strategy applied to this time frame and discovered it was worth it ... but once again, numbers aside, the major benefit I got from the adaptation is that I no longer became exposed to these unavoidable spikes of euphoria or fear in the markets. I still feel them to some extent, but the fact that I use the monthly time frame, entails that I can only make trading decisions at the completion of the month, at the completion of the candle. What does this mean? Any bullshit theory I get flooded with on a frequent basis needs to endure the test of the time lag between its inception and the closing of the month ... This lag tends to help me to cool down and carefully assess the information in a cold perspective ... It turns out that through that perspective, I always end up getting routed to the valuable trading principals I've learned, at a hard cost, through my journey, ignoring the sensationalism induced by these loud noises. ... and I have more time to do other stuff that I love; I have more time to enjoy the company of the people that I love; I pay considerably less commissions; I trade the best and leave the rest; I catch gargantuan trends; My tax filing are not a pain in the ass; I am not stalking the ticker every minute ... and I could go on haha. Cheers! Today I brought you $META ... the noise haha. Link in bio for full analysis.by ruben_rodrigues4
MetaRekt- They said " Cryptos are volatile and Dangerous ". - was meaning like, buy Stocks they are more stable, like Facebook 😂. - Everything is in graph - Meta went down -75%, Elon Musk bought Twitter, what a coincidence. - i wouldn't take the risk to touch it before it goes to 70-80$. - Well in fact, i won't touch it at all, Facebook Golden Age is already behind them. - Decentralization will be the major key to upgrade our future social medias in Web3.0. - Without us, they are nothing. Happy Tr4Ding !by thecryer2218
META and why we stopped at 98 .786 too the tick BUT Wave structure says not just YET if we break 98 I tend to think no support till 83/84. As I am bullish the U S $ I would say stay awayby wavetimer4
META (FACEBOOK) MAY RETURN TO IPO PRICE @ $38 (2014)LONG TERM DOWNTREND SINCE 010222 MEDIUM TERM DOWNTREND SINCE 041221 SHORT TERM DOWNTREND SINCE 260722 Meta broke its long term uptrend on 010222 that started in 2014 with an IPO price of $38. The initial targets were 154-176 range on the ichimoku cloud SSSA and B lines respectively. The stock gapped down to a low of 97.37 on 281022. The weekly charts affirms the strong downtrend that started on 041221 confirmed by the supertrend and Ichimoku cloud flip and position. PIVOT 132.61 Short positions below 132.61 for 38.00 and 27.01 Long positions above 132.61 for 171.63 and 257.31Shortby gekkohot0
Technology Sector May Face A Rally SoonHello traders and investors, today we will talk about two technology stocks GOOGLE and META (Fcebook), which can be finishing final 5th wave from Elliott wave perspective. As you can see, technology sector suffered the most in the last year, but what is interesting is that both GOOGLE and META can be now finishing a five-wave cycle from the highs. In Elliott wave theory, after every five waves, a three-wave A-B-C correction follows. We have just noticed some big gaps down due to earnings miss, but considering that Google and Meta are trading in 5th wave with a potential spike before a reversal, there's a high probability for an A-B-C rally soon. A-B-C recovery will ideally show up now at the end of 2022 or at the beginning of 2023. All the best!Longby ew-forecast2220
Deep value trade on $METAAfter $META's earnings were released today, META dropped around 25% in the premarket. This brings META's current valuation to the valuation it had in 2015 (despite the fact that META's latest quarter produced a net income over 6 times what it had earned in 2015). Evidently, META is currently trading at a large discount, at roughly 2 times its book value, with a heavily discounted price-to-earnings ratio of 8.31, and an RSI of 24.45 on the weekly chart. The bearish argument for the company is that it is burning cash on its recent pivot to the metaverse, which many see to be a failed venture, but this argument was clearly priced in prior to the release of earnings, so in my view, the crash from earnings is very superficial and could revert easily and quickly. I opened a long position at around 100, and aim to close my position around 125Longby spiritualhealer1172
META LongMETA Long Entry: $98.31 Take profit: $172.18 Stop loss: $85.54Longby UnknownUnicorn299700361
Why I like Meta herePlease do your DD as this is not a financial advice. Meta looks set for a bounce from here, and I believe it holds this trend line, also it is currently at its .702 FIB. What it does after that (ABC) or begin a new uptrend will depend on the overall market but I expect a nice bounce from here which I will be trading.Longby BlackisKingUpdated 0
im gonna wait and seeim gonna wait and see -i want us to chop for a minute... -see some exhaustion volume... -then start to fill gap and i can get some entriesby mellow_trader0
META on the way to $0I doubt the company will allow such a fall, but it has reached our first target at $120. Looking at the Inverse Cup and Handle, it technically says it is going to $0... This is when we ask ourselves, how predictable are chart patterns and do you think the company will allow this. Shortby Timonrosso0
META ideaThis is unbelievable company down to 2016 levels , some serious fear is taking over . Nice entry at Fibb 78% I am entering long here just because on the long run this price is a gift. Longby Todopoderoso16
Everything you should know about META - TFtalks After Meta Platforms (NASDAQ:META) held its third-quarter earnings conference call, the stock had fallen after hours as low as $103.08 - a new low of sorts in its recent struggles, a near-21% tumble to its lowest point since February 2016. That followed a report where revenues did better than expected - admittedly, against a heavily lowered bar - but profits missed consensus, and those have fallen for four quarters in a row. Revenue did grow slightly in constant currency, but "We're still behind where I think we should be," CEO Mark Zuckerberg said on the call. "But we believe that we will return to healthier revenue growth trends next year ... It's not clear that the economy has stabilized yet so we're planning our budget somewhat more conservatively." He also tamped down worries about app growth. "Our product trends look better from what I see than the commentary I've seen suggests," Zuckerberg said on the call. "There's been a bunch of speculation about engagement on our apps and what we're seeing is more positive." Meanwhile, in the face of a call from investor Brad Gerstner to cut metaverse investments (through Meta's Reality Labs unit) to "no more than $5B per year," Meta execs were signaling that was not in the cards. Chief Financial Officer Dave Wehner elaborated that "We do anticipate the Reality Labs operating losses in 2023 will grow significantly year over year." And Zuckerberg amplified that point: "The internal indications I've seen suggests we're doing leading work, and are on the right track with these investments, so I think that we should keep investing heavily in these areas." "There's still a long road ahead to build the next computing platform, but we're clearly doing leading work here. This is a massive undertaking and and it's going to take a few versions of each product before they become mainstream. But I think that our work here is going to be of historic importance and create the foundation for an entirely new way that we will interact with each other and blend technology into our lives, as well as the foundation for the long term of our business," Zuckerberg said. As we discussed, the reason the earning was a huge miss is Meta's expenses are growing too fast. And I already mentioned yesterday that "investors need four key levers to drive the stock higher. One, revenue growth above 2% and guidance of a possible acceleration in the fourth quarter. Two, flat or even declining year over year expense growth. Three, increased focus on the core business away from the Metaverse. And four, a reacceleration of share repurchases. Indeed, a tall order for Meta on its earnings report." And Unfortunately, META miss literally all of that! At the after-hour price of $103 per share, Meta is trading for just 11.5x this year's expected net profit. When we account for Meta's net cash position, the valuation is even lower. With META down more than 70% from its highs, the market is clearly accounting for major issues when pricing Meta's shares. And that makes sense, at least to some degree - the success of the Metaverse strategy is, so far, not proven, and the expense growth rate is a major issue that needs to be addressed.That being said, if Meta manages to reverse course when it comes to overspending on employees, and when/if the Metaverse strategy pays off, Meta could be a highly rewarding investment. If revenue growth resumes, as CEO Mark Zuckerberg believes will be the case soon, and if stronger expense controls result in margin expansion, Meta could generate considerable profit growth going forward. From Tech side, 124ish is a HUGE weekly basis support level, break this with Vol is extremely dangerous for long side of META holders. But I don't think META will test the second weekly basis support, but will definitely test 100ish daily support. IF see some tech buyers bought in at this level, might be a very good price correction trade. Good luck! The investments and idea published may not be suitable for all investors. If you have any doubts as to the merits of an investment, you should seek advice from independent financial advisor or other professionals to determine what may be best for your individual needs. We do not and cannot guarantee that your use of our APP and/or any of its features will generate profits. All opinions, news, reviews, research, analysis, prices, or other information contained on or provided via this site are provided on an “as is” basis as general market commentary and/or expressions of opinion only. Information may not be complete, accurate or up to date and may not be suitable for every individual, nor be a suitable basis for an investment decision. No representation, warranty, undertaking, assurance or guarantee (express or implied) is made or given as to the availability, adequacy, accuracy, completeness, reasonableness or appropriateness of any of the information or opinions provided or expressed on or through this site. There is no obligation to notify you of any corrections or modifications. by SoundsgoodTFtalks2
Meta - Meta Platform joins the party! Yesterday, the price of Meta platform stock crashed nearly 20% after the close when the company reported its earnings for the third quarter of 2022. With its abysmal report, Meta joined the party of underperforming companies in the current earning season. Revenue was down 4% from a year earlier, while costs and expenses rose 19%. Revenue = 27.71 billion USD (-4% YoY) Costs and expenses = 22.05 billion USD (+19% YoY) Revenue from the family of apps, including Facebook, Instagram, Messenger, Whatsapp, etc., decreased approximately 3.6%, while revenue from the reality labs fell by about 49%. That is no surprise to us since we warned about the earning season for the third quarter being weak. Indeed, we stated that downgrades in outlooks and misses in estimates would reinforce our thesis about the market progressing into the second phase of the bear market. With that being said, we believe Meta platforms Inc. still has a long way to go before reversing its primary trend to the upside. Illustration 1.01 Illustration 1.01 shows the daily chart of the Meta Platforms stock. The red arrow shows the price drop after the company published its earnings for the 3rd quarter of 2022. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish. Illustration 1.02 The image above shows the resemblance between the current and previous earning seasons. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade. Editors' picksShortby Tradersweekly4242276
THIS ISN'T THE END OF META, IT HAS A LONG RUN AHEAD!!Check out the trade plan for META today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! META is on 2016 lows. Where we have seen some major support and buying level formed close to $125 on the monthly timeframe. Here I am expecting another possible buyback to form considering the historical price action.Longby traderchamp_556
Facebook / Meta Caught Up In Googles After Hours DropGoogle dropped a bit over 7% in the market after hours after reporting poorer than expected earnings. Facebook is due to report today but is already down by 4% or so on speculation they will suffer a similar performance drop as well. Both are pretty big tech heavyweights that should give the overall Nasdaq some grief today. by zAngusUpdated 224
META TargetI wouldn't buy META until we reach the $70s. Shorting heavily depends on what the open price is, as we could be due for a bounce if severely oversold.Shortby zakkh3330
META, Our prediction (6 months ago) worked well. Lets review !Our two predicted targets for META (FB) is reached and I suppose third one will also be achieved in up coming months or years. I though that it might be useful to review the analysis as it is still valid and working well . Good luck everybody. Followings are description of the chart which I published 6 months ago : Stocks fall one after another ! We Saw a considerable decline in FB (Meta) Stock after earning report after hours of last trading session. What is happening for FB (Meta) in terms of Elliott waves? FB (META), has likely completed a primary degree ascending cycle started on 4th Sept 2012 at 17.55 USD. This cycle took 9 years to be completed therefore, we can imagine how boring will be the correction phase before completion ! If true, FB (META) has started a correction decline form ATH (384.33) down to Retracement levels with today's pre-market price around 0.382 level. Although 0.382 retracement is also possible for wave 2s , I give very low possibility to bounce back from this level according to timing and corrective patterns. Retracement down to 200 , 157 and even 96 USD corresponding to 0.5 , 0.618 Golden Ration and 0.786 Retracement levels is very possible, I tried to show the probability of each possible Retracement with thickness of arrows with the thickest to be the most probable ( As I suppose ) and vice versa. After completion of this primary degree wave 2, there will be a huge up going wave which is primary degree wave 3 . This wave 3 will push the price up to at least 700 USD and even higher ( Very good news for long term investors ) depending on at which retracement level this boring correction phase ends. It is too soon to talk about this target we can update our targets in next years ! Please note this is a very long term prediction so, there will be lots of ups and downs and fluctuations in our path. What is happening on FB (META) is more than likely similar to whats happened for ETSY , SHOPIFY, SQ and many others in the market. As I showed on the chart, this is what I see as the most probable scenario which means there are more optimistic scenarios. Mots probable more optimistic scenario is that FB ( META) is just correcting the wave cycle labeled as wave (5). As far as the stock is trading above 170 USD, this scenario is valid. Hope this analysis to be helpful and wish you all the best. by SaeedSajediUpdated 181827
META Meta Platforms Options Ahead Of EarningsIf you haven`t sold META last year: Or at least when it approached our Buy area: Then you should know that looking at the META Meta Platforms options chain, i would buy the $135 strike price Calls with 2022-11-11 expiration date for about $6.75 premium. Looking forward to read your opinion about it. Longby TopgOptionsUpdated 8811
META Important Milestone!As you know, I am a long term investor. Thus, I usually buy stocks for the long term, and never short any equities due to shorting's unlimited risk. With a P/E ratio of 10, it would be reasonable to think that META is a good bargain considering its status as a social media giant. However: 1. META's Userbase is declining, something never seen before in the history of the company. 2. Competition like Google's Youtube and ByteDance's Tiktok is catching up and overtaking META 3. New Apple (AAPL) IOS changes, which made META's data collection process much harder, has and will adversely affect its ad revenue (which is 98+% of its total revenue) ---------- Specifically, the IOS change requires META to get the user's permission to collect data for Ads. Until now, data shows that only 33% of users allow META to collect their data for more personalized ads. I think you can see how this affects Ad revenue. Thus, the "metaverse" is the only thing that may/may not save META from its inevitable doom. However, that means that: 1. The metaverse needs to develop in the years ahead, and not just stay at a gaming level 2. META must have enough cash to fund research into the metaverse 3. It must dominate the metaverse industry Although I personally think that META is a lost cause, I choose not to label this as "#METAshort" because I think all investor have their own opinions. Here are some good points about META: 1. 10 P/E ratio (lower than S&P 500 average 2. META's adaptability 3. Technicals? (Not seen yet) I choose to write this now because META's Q3 results are tomorrow and are key to how META's stock and the metaverse will develop in the future. Anyway, thats all for my idea. Please leave a comment and boost this idea so it can go out to other investors! 😊 P.S. Someone give me coins :)by AlphaTigerInvestmentsUpdated 2