META Sold off?After the recent selling of META by owners and a recen push back up to the last one day order block i believe META will drop back down to previous 4 hour order blocks after breaking the lower trend line.
METAD trade ideas
Meta Update: Waiting for the topMeta has just barely pushed out of the top of my target box. This is still the area I expect it to end and isn't entirely surprising as I am counting this as the wave ((1)) of III. Wave 3's of any degree are very strong and the most likely wave to extend beyond standard fibs. This high is on neg div and should be concluding soon. Once it finally does top, the next target is kind of a wide box. That is because it is a wave 2 and they can be unpredictable as they can either be long and shallow or short and deep. Once we get the A wave carved out it will give us an idea of the time duration for ((2)), and then the subsequent b wave will help guide us to the C wave bottom for ((2)). I would not be surprised if the impending retrace took the entire rest of the year or even longer. As stated above 2's can be unpredictable. If you are long Meta, I highly recommend you have stops in place to protect your assets. If this is to be standard, then a highly likely end point for the retrace will be around the 0.382 fib in the low $200 area but could easily drop to the 0.236 @ $174.65.
Meta Take Profit + 111% !January 2024
After the important portfolio rebalancing at the beginning of the year, Meta shares also reach the target.
after a more than positive Christmas rally, supported by the market, I brought home a generous 111% (slightly better at the time of order execution).
As always they are part of the profits because Meta is one of those companies in my portfolio.
Now watch out for the quarterly which will tell us a lot about this latest rise. I am curious, especially about the new projects on augmented reality and the application of AI in its social and VR platforms.
On the other hand, the European "ban" on ads and the rumour about a possible "subscription" to bypass them are a heavy question mark for a market, even if secondary, still important and strongly connected to the United States.
Next target:
we are close to $400, if the quarterly reports are in line or beat expectations, the price will likely at least be tested.
Otherwise, if a new retracement were to start, we could easily find the price between $333 and $300 in the area. A level where I would otherwise return to buy.
Happy trading
Lazy Bull
Looking for a bullish swing trade in near future with META.Thank you as always for watching my videos. May God bless you! Remember, always risk ONLY what you can lose!
META H4 : ITS LOOKING TO ACHIEVE NEAR 450 AND MOREMETA H4 : ITS LOOKING TO ACHIEVE NEAR 450 AND MORE
Based on 38 Wall Street analysts offering 12 month price targets for Meta Platforms in the last 3 months. The average price target is $397.31 with a high forecast of $450.00 and and more and a low forecast of is near $355.00. The average price target represents a 6.09% change from the last price of $374.49. The Bullish is more to strong to be achieved.
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META H4: MORE CORRECTION WILL BE OUTBREAK IN THE FUTUREMETA H4: MORE CORRECTION WILL BE OUTBREAK IN THE FUTURE
I am looking for more out breaking in the upper targets as are forecasted. The price will may go more higher with the help of the supporting line that is very important to consider with the trading strategies.
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NASDAQ 100 Reaches Historic High.NASDAQ 100 Reaches Historic High. META Shares May Surpass the Historical High
The American stock index NASDAQ 100 has set a new historical high, surpassing the psychological mark of 17,000 points.
The growth was attributed to:
→ Analysts at Bank of America raising the rating of AAPL stocks, recommending them for BUY. The price of AAPL shares rose by almost 4%.
→ The growth of AMD and NVDA stock prices, as chip manufacturers are significant beneficiaries due to the widespread adoption of AI.
→ The earnings season gaining momentum. Market participants anticipate strong results from major technology companies (MSFT, GOOGL, NVDA, and others).
Note the movement of META stock price – the social media giant is close to reclaiming a $1 trillion market capitalisation.
The META stock price chart shows that:
→ The market is in an upward trend (indicated by the blue channel). The price is above the median line, a sign of demand stability.
→ The level at $340 has shifted its role from resistance to support. A similar phenomenon is observed at the $360 level.
Mark Zuckerberg announced yesterday that by the end of 2024, the company's computing infrastructure would include 350,000 nVidia H100 graphics cards (designed for AI, costing between FWB:25K and $40k each, according to CNBC).
It is not ruled out that riding on the positive momentum, the price of META shares may surpass the historical high. The publication of META's Q4 2023 performance report is scheduled for February 1, 2024.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
META Update: Are we topping?On the chart you can see we are at the top of my target box. We are also on some severe negative divergence. We could still raise a little, but this thing is cooked. It should start its trek lower soon for wave ((2)) of III. The duration of that will most likely take a long time, as in the rest of the year at a minimum. I don't predict time duration, but wave II took a little over a year to complete. I would imagine this will take close to the same length of time, maybe a little less. There are no tools I am aware of to predict the time of movements though, so there is no way to know for sure. Until we get some action to the downside, I cannot make a more refined target for ((2)). When we do, rest assured I will post that.
Meta's AI Power Play: Building a Chip Arsenal
In a strategic move to bolster its artificial intelligence (AI) capabilities, Meta Platforms ( NASDAQ:META ), formerly known as Facebook, is taking significant steps to integrate AI into its products and consolidate its research teams. CEO Mark Zuckerberg recently announced the company's plans to bring its AI research team closer to a business-focused generative AI team, emphasizing a commitment to infusing technology into its products. This move follows Meta's rapid mobilization around generative AI, a response to the success of OpenAI's ChatGPT chatbot in late 2022.
Chip Arsenal Expansion:
One of the key elements in NASDAQ:META 's AI strategy involves building an extensive chip arsenal. Zuckerberg revealed that the company is set to acquire approximately 350,000 H100 GPUs from Nvidia by the end of the year, with an additional 250,000 GPUs from other suppliers, making the total GPU count around 600,000. If achieved, this would position NASDAQ:META 's system as one of the largest in the technology industry. The company is not only relying on Nvidia but has also expressed plans to use chips from NASDAQ:AMD and has hinted at an internally designed GPU-like chip.
Generative AI Mobilization:
NASDAQ:META 's recent efforts signify a shift from years of leading AI research, notably through its FAIR team, to a more focused integration of AI into core social media products and AR/VR hardware devices. The establishment of a dedicated "GenAI" team last year underscores the company's commitment to harnessing generative AI. The commercial release of the Llama large language model, ad tools capable of generating image backgrounds from text prompts, and the introduction of the "Meta AI" chatbot accessible through Ray-Ban smart glasses highlight Meta's progress in this domain.
AR/VR-Driven Metaverse Vision:
Zuckerberg ties these AI investments to NASDAQ:META 's overarching vision of the metaverse, which prompted the company to rebrand itself in 2021. He emphasizes the need for new devices, such as glasses, to interact with AI within this envisioned metaverse. The ongoing training of a third version of the Llama model suggests Meta's commitment to advancing its AI capabilities in tandem with its metaverse goals.
Market Response and Technical Outlook:
Meta Platforms ( NASDAQ:META ) has seen strong development within a rising trend channel, indicating positive growth and increasing buy interest among investors. The absence of resistance in the price chart suggests further potential for upward movement.
Conclusion:
Meta's ambitious push into AI, coupled with the expansion of its chip arsenal and a focused approach to generative AI, underscores the company's commitment to staying at the forefront of technological innovation. As Meta integrates AI into its products and envisions a metaverse-driven future, the industry and investors alike will be closely watching the company's strategic moves and technological advancements.
META One more rally before correction.Meta Platforms (META) gave us an excellent bottom buy opportunity last time we looked at it (December 08 2023, see chart below) having hit already Target 1 (350.00) and currently going for Target 2 (384.50) following the Higher Highs break-out:
As long the Higher Highs trend-line holds, we expect a technical rejection at or slightly above the 384.50 All Time High (ATH) target and subsequent correction towards at least the 1D MA50 (blue trend-line). The last medium-term correction has been -8.70%, which gives us a minimum target of 351.00 on the downside.
If the decline extends, we can see a maximum (from a technical perspective) decline of around -15.75% (similar to October 26 and August 18 2023) that could test the 1D MA200 (orange trend-line) and will be the strongest long-term buy opportunity.
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META Weekly chart - Cup and Handle, b/oMeta weekly chart showing strength. Cup and handle formed and B/o possibilities are on the high. Next support 384.48, already testing/tested Supply zone. OI showing huge resistance at 375 (58k contracts) this week. May b/o next week. Let us wait and watch.
Possible trades
Possible PCS opportunity
META is in up Trend already !Both Price action analysis by TrapZone Pro and Volume analysis by UMVD points to GREEN ahead
$META: interesting long setupVery nice setup forming here in $META, if it takes out last week's highs I think it can gain traction and likely do very well during Q1 2023 next. It's been basing and holding up with relative strength vs the broad market, which is a good sign, and also might benefit from a potential TikTok ban, as mostly $META and $SNAP control social networks used by Gen Z for the most part. Just a wild card, but interesting nevertheless.
Best of luck,
Ivan Labrie.
$META: bull market continues...Nice weekly trend in $META here...As Zuck's leadership continues to impress shareholders finally addressing the excess fat that needed to be shed, the company is well positioned to monetize the growth in Emerging Markets (India, with reshoring, Mexico...) that are heavy users of Whatsapp and would be a boost to revenues from monetization over time, while the Reality Labs call option gives it unknown but potentially huge upside long term. I liked the valuation at the bottom and I like the way things are shaping up on the way up, let's see how it goes.
Best of luck!
Cheers,
Ivan Labrie.
MSFT wont break overRemember me as the wizard who predicted the dump right before it happend. With a swing of my staff I've predicted the big MSFT fall :)
I am looking for a potential short here on META.As you can see here, we are not only approaching a supply zone on the daily chart for NASDAQ:META but we are also riding this trendline. I will look for a break of the trendline and enter a short swing. Remember, always risk what you are willing to lose. Thank you as always reading my analysis. God bless you.
Meta Platforms (META) Will Break Out to New All-Time HighsThe company’s financials are also impressive, as it reported a revenue of $126.96 billion and a net income of $29.73 billion for the fiscal year 2022, representing a year-over-year growth of 10.6% and 24.8%, respectively. The company also has a healthy balance sheet, with $64.08 billion in cash and equivalents and $12.54 billion in total debt as of September 30, 2023. The company’s earnings per share (EPS) for the trailing twelve months (TTM) was $11.33, giving it a price-to-earnings (PE) ratio of 32.73, which is lower than the industry average of 37.62. The company’s forward PE ratio, based on the estimated EPS for the next year, is 20.20, which is also lower than the industry average of 25.63.
Bearish METAWe can see a formation of a double top and that is a bearish signal to me. some other factors im seeing are a bearish RSI divergence so theoretically it should have a pull back soon. Im nibbling a bit and shorting some meta.
META
On the 15-minute chart, META recently touched the 200 EMA and rebounded, with the MACD indicating a potential shift to positive territory. It seems the market is currently absorbing bullish premiums, and just before closing, there might be an effort to burn bear premiums as well. Caution is advised in the current market conditions. My target is still 380.
Navigating the Surging Tide and Unleashing Growth Potential
Industry Meta Platforms, the parent company of Facebook, has been making waves, with its stock surging an impressive 194% last year.
I. Unleashing Revenue Potential:
Meta's fiscal year 2024 consensus revenue growth of 13% appears conservative. There are several factors that could drive Meta's revenue beyond expectations, including product improvements, increased engagement through AI content distribution, and a rising demand from Chinese advertisers. The firm's optimistic target implies a 31% upside from Meta's recent closing price, making it one of the most bullish estimates on Wall Street.
II. Operational Efficiency and Cost-Cutting:
Meta's surge in the previous year was not solely fueled by market dynamics but also by strategic decisions to enhance operational efficiency. CEO Mark Zuckerberg dubbed it the "Year of Efficiency," and the results are reflected in the company's estimated operating expenses for 2024, ranging from $94 to $99 billion, compared to the $88 billion estimated for 2023.
III. The WhatsApp Advantage:
The use of WhatsApp and artificial intelligence as a game-changer for Meta. With more than 2 billion users, WhatsApp represents a significant potential catalyst for the company. Automating customer service through AI on WhatsApp could incrementally increase Meta's revenue base by a third over time.
IV. Technical Outlook:
From a technical standpoint, Meta Platforms has broken through the ceiling of its rising trend channel, signaling a potentially stronger rising rate. While short-term corrections are possible,
Conclusion:
In summary, Meta Platforms appears to be on the cusp of a transformative period, with buyers bullish on the stock. The combination of revenue-driving factors, operational efficiency measures, and the untapped potential of WhatsApp positions NASDAQ:META for a compelling future. Investors should keep a close eye on Meta Platforms as it navigates the tech landscape, potentially unlocking value beyond current market expectations.
META Looking to End Impulsive Rally Wave (5)Short-term Elliott Wave View in Meta shows an ending diagonal rally from 10.23.2023 low. Up from 10.23.2023 low, wave (1) ended at 342.92 and pullback in wave (2) ended at 313.66. The stock rallies again in wave (3) towards 361.90 and dips in wave (4) ended at 340.01. Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure as the 45 minutes chart below shows.
Down from wave (3), wave ((a)) ended at 357.81 and wave ((b)) ended at 360. Wave ((c)) lower ended at 351.82 which completed wave W. Rally in wave X ended at 355.32. Down from there, wave ((a)) ended at 349.75 and wave ((b)) ended at 354. Wave ((c)) lower ended at 340.05 which completed wave Y of (4). The stock has turned higher in wave (5). Up from wave (4), wave ((i)) ended at 348.15 and wave ((ii)) ended at 344.16. Wave ((iii)) higher ended at 360.64. Expect pullback in wave ((iv)) followed by another leg higher in wave ((v)) to complete wave 1. Afterwards, stock should pullback in wave 2 to correct cycle from 1.2.2024 low in 3, 7, or 11 swing before it resumes higher.
