Meta is currently below its moving average and will trend upward
Neutral pattern until a trendline is broken with a trend in that direction. Targets above Rectangle are targets for a break of the top trendline and vice versa. Possible Target 1 is in larger type. T2 is in smaller type. The top trendline is resistance and the bottom is support. These levels were made to eventually be broken but some swing trade inside a...
“I think investment psychology is by far the most important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” ~Tom Basso, Market Wizard A strong psychological foundation is the key to successful investing. The human mind is a powerful, complex tool that quickly turns into a...
Very similar setup to the Nasdaq wedge that has already broken out and rallied. Price is near lower end of recent regression trend. Seasonally speaking, more upside is likely based on previous 2 years. With price from 50 bars back dropping quickly, the 50-day SMA will flatten out suddenly and has a lot roll up potential. P/E ratio of 13.34 is hilariously low. ...
The stock market has bounced sharply in the past month, but Meta Platforms hasn’t followed. The main pattern on today’s chart is the steady succession of lower highs. While the Nasdaq-100 behaved similarly in April, May and early June, the index broke its downtrend by making higher highs in the last two months. META, in contrast, hit $183.10 before rolling over...
Through the falling wedge, there could be a bullish movement. If the stock price break above the resistance(red line) and we see a volume surge confirming the real breakout, then it might be a good entry for long.
META has a falling wedge on the weekly timeframe with support at the $155-$160 Levels, these levels would be perfect for accumulating a swing trade. Holding those support levels during this $SPY correction period is crucial for this pattern. Losing those support levels would be bearish scenario and would invalidate this falling wedge pattern. FACEBOOK's measured...
If you like this idea don’t forget to BOOST it. Fundamental Indicators: Sector – Communication Services US Business Cycle Stage – late cycle, when this sector is neutral Revenue – consistent growth for the past 10 years, 25% average annual growth rate for the past 5 years but with a considerable slowdown in 2022 TTM Profits – dropping in 2022 TTM ...
Hi friends! In this idea I Have Marked A Good Harmonic Pattern. Since a While Tech Stocks are Highly Bearish. I Strongly believe in This Pattern That Market Will Behave Bullish on higher Time Frame.
Geometric chart Pivots and Pitchforks Nice rally incoming NOT TARDING ADVICE
It hasn't been that long since we last took a look on the Meta Platforms (META) and called for the last chance to find buyers and reverse its fortunes: As you see since then, the stock has been trading sideways within a consolidation phase of lots of uncertainty fundamentally. Today however, the price broke above the Shoulder line of a Head and Shoulders...
Patterns Identified- "Triple Bottom" inside "Falling Wedge" pattern Bottom to neckline measurement is approx. 17.89! The measurement for the wedge from its lowest low and highest high is approx. 198.46. My entry will be just above the break of the neckline at 172. I will use a stop loss which I won't disclose on this forum. Profit taking areas will also be...
Today, I want to analyze the Meta Platforms. What are Meta Platforms ❓ Meta Platforms, Inc., doing business as Meta and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns Facebook, Instagram, and WhatsApp, among other products and services. Meta Platforms...
$159 needs to hold today, or $130 could become a target.
The big drop in $SNAP really pulled down great stocks and META is priced attractively right now for a swing trade. I entered my trade yesterday on the bad news of SNAP. Near term target for META will be $233 and will exit if the stock drops below $155 if they miss on their 2nd QTR earnings mid next week.
This wave theory is based on the psychology of groups of individuals and statistical patterns. Every market decision is generated by meaningful information and simultaneously generates meaningful information. Each transaction being a result, becoming known to investors, joins the chain of causes of people's behavior (not news drives prices). The price...
Bearish Fundamental - Declining user - Declining user time on platform due to switching to tiktok - Funds distributing - Overvalued TA - bearish momentum divergence ( first sign of warning ) - Price broke down 2 years upward trendline / retest / rejected - Price rebound and rejected 0.5-0.618 strong level = strong trend to the downside - Strong rejected at...
Meta AKA FB AKA trashcoin luks bottomed here.,.punp this trash coin here The indidcators are bulliush the chart is primed