Short opportunity on $METAMinimal risk on short NASDAQ:META . Buy stop should be around $500 (~4%) from current price. Earnings are in 2 weeks so I intend to close the position before earnings regardless of profit or loss.
META trade ideas
META Market long Monday's open !!!As suggested on our META last analysis, price indeed retraced to our ideal entry level.
Macro remains bullish!
What to expect on Monday's open?
If you haven’t jumped in already, we’d recommend to market buy on Monday’s open.
Entry: $500 - $495
Stop loss $490
First take profit $544
META Double Top?META has been one of the strongest stocks in the market since it bottomed in 2022. It was one of the most impressive rallies I have ever seen, but it has slowed since topping out earlier in the year. Still very strong, but not not quite the same as it has been over the last couple of years or so in my opinion.
META broke above an ascending wedge and held nicely on a retest, sending it back near ATH. However, it is has had some bearish breaks and on Friday it rejected perfectly on a retest of a previous uptrend it had broken below. This is setting up for a potential double top at ATH, marking a major top for META that could last for months or years to come.
I'll be watching to see if it can hold the trendline from the ascending wedge on a retest or if it falls below. If it falls below, it could accelerate quickly. My first target would be the ATH from 2021 around $386. It could get even worse from there, but I think we should wait until that happens and expect it to bounce there until it doesn't. If no downside break, I'd expect more upside if it can break above ATH and remain above.
META: Entering into blue sky zone with powerful buyers !What a chart to have complete study on gaps.
1. Pro gap: 12% gap up with strong candle with volumes. See the chart on 2nd Feb when Buyers are completely in control and after that the price continued to go up further 17% from there.
2. Profit booking: There was a decent correction of 10% until we that big gap down.
3. Gap filled: 15% gap down on April 25 where sellers tried to show their presence and threatened the buyers that created the gap on 2nd Feb.
Now watching carefully, the gap was nearly filled but then came the buying with another big green candle and with huge volumes.
4. Rally and fresh breakout: Now we see the new breakout on chart with buyers in control.
However, given the straight rally the risk reward could be little unfavourable. But it still looks like a great chart to read.
A very clear sell signal in META. Can fall 25-40% in 3-6 months.The share has increased fivefold in the past two years, but now the technical picture for the share signals that a major downward correction (25-40%) may come for the share in the next 3-6 months.
Technical Analysis of Meta Platforms Inc. (ticker on Nasdaq: META)
In the last week now in the weekly chart, the meta share has triggered a technical sell signal from a marked Bearish Engulfing in the Candlestick weekly chart.
There has also been a break down through the lower trend line some time ago in the steeply rising trend that started in autumn 2022.
The share has increased fivefold in just under two years, and now the peak may have been reached, at least for a while and as the technical picture now signals for the share.
Various momentum indicators such as MACD, Stochastics and RSI (on a weekly basis) all signal that the share is now probably facing a major downward correction in the next 3-6 months.
First important technical support level will be around USD 380.00 and then next important technical support level is around USD 300.00.
The stock ended Friday at around USD 499.00.
It could thus be headed for a major and strong downward correction for the Meta share during the next 3-6 months, and then preferably down to between USD 300.00 - 380.00.
Such bearish engulfing sales signals, and as we see here and in the weekly chart, which now for the Meta share give a fairly clear signal that a major correction is on the way.
So no one should be very surprised if the META-stock undergoes a sharp correction from today's USD 499.00 down to around USD 300.00 - 380.00 in the next 3-6 months.
It could therefore move towards a correction of between 25-40% in the next 3-6 months.
Please don't shoot the messenger.
This is just what the weekly charts now say about what we can expect from price development for the META share over the next 3-6 months.
Meta PlatformPrice is at strong support as per the daily chart and also in lower time frame. Movement will be good if price gains volume strength. 500 zone is the trend deciding zone,
Buy above 502 with the stop loss of 498 for the targets 506, 510, 514 and 518.
Sell below 494 with the stop loss of 498 for the targets 490, 486, 482 and 478.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Meta PlatformsDaily chart with ichimoku.
Price under the tankan and under the kinjun.
We are above the cloud. Be careful, the cloud is thin and prices could pass through it easily.
The SMA 200 is under the cloud, so no worries.
MACD increasing, but above the 0 line.
The RSI is slightly below 50.
To conclude, the trend is bullish, we must monitor the break of my red line, which could announce a corrective movement.
Happy trading to you.
META: Hourly / Daily Charts Analysis.The META chart illustrates a dynamic interplay between bullish and bearish signals across both the daily (1D) and hourly (1H) timeframes.
On the daily chart, META has been in an upward trend since early May, as evidenced by the rising trend line and consistent support from the 21-day EMA, currently at $512.02. The price recently experienced a pullback after a robust rally, with the latest candlesticks showing signs of consolidation above the trend line. This pullback is typical in strong uptrends and often presents buying opportunities if the price finds support and resumes its upward trajectory. However, a close below the trend line and the 21-day EMA could indicate a potential trend reversal or a deeper correction.
The hourly chart reveals a more immediate bearish development. META recently triggered a bearish pivot point at $526.66, indicating a potential short-term reversal. This pivot point was followed by a decline, suggesting that sellers have gained temporary control. Additionally, the formation of a descending trend line on the hourly chart reinforces the bearish outlook in the short term. The price is currently trading below the 21-hour EMA, adding to the bearish sentiment.
This scenario reinforces the thesis of a pullback, and the 21-day EMA, along with the trend line are its next technical support levels. However, this doesn’t bring a mid-term reversal yet, as we would need to miss these support levels to actually reject the bullish bias.
In conclusion, while the daily chart of META shows an overall bullish trend supported by a rising trend line and the 21-day EMA, the hourly chart indicates a short-term bearish pivot point and a descending trend line. For a bullish continuation, the price needs to hold above the daily trend line and 21-day EMA, potentially offering a buying opportunity on a bounce.
Conversely, a break below these levels on the daily chart, coupled with the bearish signals on the hourly chart, could indicate further downside pressure. Monitoring these key levels and signals will be crucial for determining the next move for META, and when will be its next buying opportunity.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
ADBE 9-EMA Dip BuyIn this video I go over the Adobe Stock coming back to the 9 Emma moving average. I'm looking for the price to come back a little bit and close just below or on the 9 EMA and then as soon as Thursday or Friday happens, I want to see the price go back above the 9 EMA and then buy to enter the position long. Adobe is considering a mega cap, and the mega caps are getting all the attention right now so make sure that if you play any large caps or mid-caps that you have a lot of conviction. Please realize that the money has not been flowing into large or mid cap stocks for quite some time so that's why I am focusing on the Mega CAPS.
Meta Platforms - Flying under the radar...NASDAQ:META just rallied +500% without any correction and might create a top formation soon.
Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is quite likely that we will see a short term retracement. But the overall trend is still clearly towards the upside!
Levels to watch: $530
Keep your long term vision,
Philip - BasicTrading
Potential correction on METADisclaimer: This is not financial advice. Trade at your own risk.
NASDAQ:META gapped down overnight creating a large volume imbalance in price. Without delving into fundamentals, NASDAQ:META looks like it will soon be at demand. Seeking price at a discount comes with the risk of buying before bottoming out.
It also seems like a lot of traders are fearful right now about NASDAQ:META .
Looks like a lot of potential for accumulation over the next weeks/months by larger players looking for discounted price. This could mean a lot of chop and potential to fill the gap (reaching even lower) as well as returning to the highs of the volume imbalance.
META Pullback for a Long?In this video I go over the pullback in META that we had today, the opportunity to buy for a long position, where to set your stop loss, and where to take some profit. I also go over the breadth of the market and the capitalization slices. Finally, I go over the CME fed watch tool and explain what that means and why it's important to potential increasing market breadth.
Could this be the #1 Stock Of July 2024?If you check my profile META is one of my top recommendations since I started posting here
on Tradingview, which is a great platform for technical analysis studies.
--
Meta is surging upwards on a very good possibility of it going up again
The problem is when buying such a stock is the fear of missing out on a trade,
Also, imagine I tell you about the rocket booster strategy
--
The strategy I used to find this stock but you are not sure whether it will work or not
But when you use the rocket booster strategy its very simple to see why this is a good buy
--
The rocket booster strategy has 3 major steps:
Step 1 is called the 50 Moving average
Step 2 is called the 200 Moving average
Step 3 is called the Parabolic move
If you rocket boost this post I will do a follow-up video explaining this strategy to you
so that you better understand how i found this stock as a good buy.
Rocket boost this content to learn more.
Disclaimer: Trading is risky please learn risk management and profit-taking strategies.
META - Increased Probability of AppreciationMETA has the support of Fiboclouds for appreciation within the H4, Daily, and Weekly timeframes, being sufficient to reach the first target and attempt the second, provided the stop loss is properly repositioned at the time of the first partial realization.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.
This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.
Follow us to receive notifications of new trades as well as frequent updates on ongoing trades.
Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach a larger number of people! Thank you!
the idea that it has potential growth can have a lasting effectWith every indicator and level booming right now, it may not be long before we see some reset on the RSI and stochastic. Both sit at 70, but MACD is curling up to provide some sort of continuation, but the Bollinger bands are stretched out very thin; I wouldn't be surprised if it is low 500 before a continuation, but something has to happen to cool down the temperature
META potential Buy setupReasons for bullish bias:
- Price broke ATH
- Price giving resistance breakout
- Breakout of point B in AB=CD harmonic pattern
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 537.48
Stop Loss Level: 446.00
Take Profit Level 1: 628.96
Take Profit Level 2: 666.86
Take Profit Level 3: Open
META Platform Meta witnessed a strong rebound in Friday's session, violating that major peak and the all-time high at 531.49$. then, the confirmation of this breakout by remaining above 531.49$, will confirm the major uptrend, which will push META to test higher levels near 553 - 567 - 580 - 603.80 - 650$ in the short term.
The stop-loss lies below 512$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
