META stock going lowerMETA has recently broken below a well-defined ascending channel, signaling a significant shift in price dynamics. The breakdown indicates a weakening of the previously established bullish trend and the potential emergence of a bearish phase.
In addition, the completion of a head and shoulders pattern occurs when the price breaks below the neckline. In this case, the neckline has been breached, confirming the pattern's validity and providing additional credibility to the bearish outlook.
FB trade ideas
META First Buy signal in a month.We have been issuing strong buy signals on Meta Platforms (META) since November last year. A perfect example was our February 02 (see chart below) analysis that came with a huge final bullish warning while the price was still at $189.00:
Following the recent -15% pull-back, the strongest correction basically since the November 03 2022 market bottom, the stock price is flashing again the first buy signal on the medium-term as it is testing the 1D MA50 (blue trend-line) as a Resistance after a rebound near the 1D MA100 (green trend-line), which has been intact since January 10.
On top of that, the 1D MACD is on course to form the first Bullish Cross below 0.0, since November 09 2022, which was essentially the bottom of the Bear Cycle. As long as the 1D MA100 is intact, we will buy the 1D MA50 (candle) closing and target 326.25 (Resistance 1). If it closes a 1D candle below the 1D MA100 instead, we will wait and add a 2nd buy position at 260.00, near the Higher Lows trend-line and keep it as long as the 1D MA200. The target for that position will be even higher, as it will be a long-term buy signal, aiming at the All Time High of 384.50.
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$META -Dangeours Place to Buy(30mins) - A buyers must take note that NASDAQ:META is at a very high risk place to be purchased !
Not only has a strong down-trend taken place, but there is plenty of room to the downside.
(-20% negative draw-down from here if price hits the green support trendline)
Despite today's bounce at a key-level and breaking the first trendline resistance on red,
it is currently trading just below 297.85$ key level mark after bouncing at 276.8$.
Even Breaking 297.85$ KL,
resistance marked on red rectangle @293$ welcomes the price to be slapped by it from
Sellers.
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
META, 7d/-16.61%falling cycle -16.61% in 7 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Facebook: $330 | Buy Order at $280 & $230 funds re balancing and old money cashing for q4 income report
fundamentally/// FB takes the lead to metavesse space in 10 years
and this could be a 4Trilion Cap company..
$4T = How do you make 5x (Fund Sop Yield) at $4T starting 2022
at $150 should be a good Base Cost towards $900 a 5x return for Dead Capital in the next 5 years by 2024
Possible Falling Wedge on METAHey Guys!
I am still learning how to identify common chart patterns and potential plays, so I would love some feedback :)
I see a falling wedge pattern here in META that I think will bounce back off demand and if it plays out like a traditional falling wedge, should break the upper channel to at least 1st supply/resistance zone in the chart.
What are your thoughts? This could be a nice easy play if it goes the way I think it might.
-Pineapple Options Trading