Meta bearish order block on 4/15/2024Indication to switch to short or put using order blocks strategy ( NASDAQ:META )
META trade ideas
NYSE > short > METABased on my graphic analysis I observe a bearish projection reaching minus 11% in the price of this corporation, that is; from $481 it will drop to $427. With a buy exit emerging at $523, it is worth remembering that the exact time the decline will take is unpredictable, the market will simply do its job. We can mention that it will happen within the next 15-20 days from this post!
REFERENCES:
* Green line: emergency exit price: $523 = -9%
* Red line: selling price (position) $481
* White line: profit $427 = +11%
However, it is important to remember that these marked lines must be respected. If the price goes up 3 to 5% after you execute the position, don't try to improvise and change everything. The movement could return to the initial direction and you will be left frustrated!
"Sitting quietly and waiting for the operation to develop most of the time will allow you to earn much more money. That is, sit in the stands and enjoy the spectacle that the bull will present to you, control your emotions, since the biggest enemy of "The time to invest is yourself"
As for capital management, I leave it to my personal discretion knowing that we must always have money flowing and remain firm in the market.
Greetings and I hope you take advantage of this good negotiation opportunity!
> Josias Baltazar.n
Meta stock plunge 14% in Premarket RoutThe tech world was rocked as Meta Platforms Inc. (NASDAQ: NASDAQ:META ) saw its shares nosedive by as much as 15% in premarket trading, sending shockwaves through US futures markets. The precipitous drop came from lackluster revenue guidance and concerns over CEO Mark Zuckerberg's ambitious AI spending plans.
Investors expressed skepticism over Zuckerberg's vision to pour tens of billions into artificial intelligence initiatives, fearing it would drive up costs and erode profitability. Meta's first-quarter earnings report, while boasting profits of $4.71 per share and revenue of $36.5 billion—beating analyst expectations—failed to assuage concerns as the company provided subdued revenue guidance for the upcoming quarter.
Meta's revenue forecast of $36.5 billion to $39 billion fell short of analysts' projections, dimming the optimism that had propelled the company's stock to record highs. Zuckerberg's announcement during the post-earnings conference call about ramping up AI investment further rattled investors, leading to a mass sell-off.
The market reaction was swift and brutal, with Meta's stock plunging to just over $426, marking a potential $160 billion loss in market value if sustained until the opening bell. This abrupt downturn punctuates Meta's remarkable stock performance over the past year, with shares soaring 107% in the last 12 months and 42% year-to-date, until the recent setback.
Russ Mould, investment director at AJ Bell, highlighted investor concerns about Zuckerberg's perceived lack of financial discipline and the sudden pivot from cost-saving measures to aggressive AI spending. The reversal of sentiment underscores the fragility of investor confidence in Meta's management strategy, dampening the company's recent efforts to project financial prudence.
The fallout from Meta's downturn rippled across broader indexes, with S&P 500 futures and Nasdaq 100 futures tumbling, signaling a turbulent trading day ahead. As investors brace for further earnings announcements from tech giants like Microsoft and Alphabet, coupled with the release of US GDP estimates, the uncertainty surrounding Meta's future trajectory casts a shadow over the broader tech sector.
In conclusion, Meta's sharp decline serves as a cautionary tale of the perils of investor sentiment and the delicate balance between innovation and financial stewardship in the tech industry. As the dust settles, all eyes will be on Meta's next moves and its ability to regain investor trust amidst heightened scrutiny and market volatility.
META Share Price Collapses after Publication of Quarterly ReportMETA Share Price Collapses after Publication of Quarterly Report
Just yesterday, META's stock price closed at USD 493.50, up approximately 40% since the start of 2024 and up nearly 300% since the start of 2023.
However, following the release of Meta's quarterly report, its shares plummeted to USD 400 in post-market trading, representing a decline of more than -15%.
It is noteworthy that the report exceeded expectations in some of the main indicators:
→ earnings per share: actual = USD 4.70, forecast = USD 4.32;
→ revenue: actual = USD 36.4 billion, forecast = USD 36.1 billion.
However, investors were disappointed by plans for the coming months, as Meta said second-quarter revenue would be between USD 36.5 billion and USD 39 billion, below the average estimate of USD 38.24 billion. This could be due to increased investment in developing AI-based products , which do not yet generate income.
At pre-market today, the META share price is around USD 418.
The technical analysis of the META stock chart shows:
→ The price still remains within the long-term ascending channel (marked in blue), which describes the price increase in 2023-2024.
→ The pattern of decline from the high around USD 530 towards the lower boundary may be a sign that indicates a potential change in sentiment - optimism is not endless.
→ Divergence on the RSI indicator turned out to be an effective warning for a price decline.
Market participants who bought META stock at prices between USD 480 and USD 530 will find their positions in the red when trading opens today, most likely with a bearish gap — somewhere around the lower boundary of the mentioned channel. So it is safe to assume that any rise in price towards the specified range will represent an opportunity for them to exit the position and minimize losses, which in turn will put pressure on potential attempts by the bulls to resume the multi-month trend. Resistance may also come from the median line of the channel, which today lies right at the lower limit of the range between USD 480 and USD 530.
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META April 25, 2024: Is META a Buy Now With 13% Sold Off?On April 25, 2024, NASDAQ:META crashed 12% pre-market after earnings release.
The question is that whether it is a buy now?
For me I do not intend to buy on crash. I am looking for a pattern, or at least, a meaningful support, to buy.
At this level, even 12% down pre-market, I do not see any meaningful support here nor any pattern therefore I am not buying now.
(NASDAQ:META) STOCK FORECAST PLUNGING BELOW $400.00 THIS WEEK!!!GAP FILLING PHENOMENON!!
1. Immediate Bearish Outlook: Meta's stock is expected to experience a significant downturn, with projections indicating a drop below $400.00 within the current week. This decline is attributed to an earnings report, which could trigger a 20% decrease and result in Gap #1 being filled.
2. Potential Further Declines: Despite previous gains, there is potential for Meta's stock to continue dropping, with a potential 25% decrease targeting the 200-day moving average (MA) around $380.00. Should Meta breach the 200-day MA, further support may be found around $325.01.
3. Technical Analysis Crucial: The direction of Meta's stock price beyond these support levels hinges on ongoing technical analysis. Failure to hold support could lead to increased chances of filling Gap #2 at $213.98, signaling further downside potential.
4. Gap Filling Phenomenon: Meta's stock serves as a prime example of gap filling, with two more gaps anticipated in the future.
This underscores the importance of monitoring price movements and potential gap fills in Meta's stock performance analysis.
Overall, Meta's future stock performance appears to be influenced by a combination of fundamental factors such as earnings reports and technical indicators like support levels and gap filling tendencies. Investors should remain vigilant and consider these factors when making decisions regarding Meta's stock.
"By now, you should have acquired the skills to interpret price gap fillings in any stock."
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METAFollowing the market close, Meta's earnings report will be released. While I don't bearish sentiment, my trading strategy relies on patterns. Notably, Meta has demonstrated consistent upward movement over the past 5-6 months. Interestingly, what's typically perceived as good news can sometimes result in negative market reactions, and vice versa. This trend resembles the behavior observed in Tesla (TSLA) stock.
META Platforms Options Ahead of EarningsIf you haven`t sold META when ARK did that:
nor bought the META before the previous earnings:
Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 480usd strike price Calls with
an expiration date of 2024-5-3,
for a premium of approximately $24.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Meta aims to rival OpenAI with advanced AI tools. Idea 22/04/24Meta Platforms Inc. is ramping up its efforts to compete with AI industry leader OpenAI by launching early versions of its latest large language model, Llama 3, and a real-time image generator. These advancements are part of Meta's strategy to enhance its presence in the AI space, integrating these technologies into the Meta AI virtual assistant. This assistant is touted as a highly sophisticated, free alternative in the market, excelling in reasoning, coding, and creative writing tasks.
Further integration of the AI assistant is planned across Meta's suite of applications, including Facebook, Instagram, WhatsApp, and Messenger, as well as a new standalone website, significantly broadening its user interface.
Looking at the investment potential, here is the technical analysis for Meta Platforms Inc. (NASDAQ: META):
The Daily (D1) timeframe shows established resistance at 512.20 USD and support at 487.15 USD. The stock is currently experiencing a correction after pausing its uptrend, with prices yet to touch the global support line. If the stock price rises above 487.15 USD again, it is expected to resume its upward trend. Conversely, a fall to 452.50 USD may be imminent if the downtrend continues.
Investors might consider buying the stock once it reclaims the support level at 487.15 USD, with a short-term target of 530.00 USD in view. For those with a medium-term outlook, holding a long position up to 550.00 USD could be advantageous.
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$META Bloodbath continues Friday 4/26The 10D chart continues to show significant signs of breakdown after the 13 count. The next 10D candle begins on Friday 4/26. This candle looks to be the start of another leg down towards the 20d SMA around $400. Easy money here. a $100 Move from $500 to $400. Good Luck out there.
$META 13 Count ending Friday April 12th9-13 Reversal Possible. If Price Action remains stable, the 13 count 10D candle will end on Thursday, April 11th. For now, stay patient while price chops around this area. Loses $500, will head for 480s. Hourly suggests a pullback to $498 based on MACD plateau.
