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META PLATFORMS INC

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METACL trade ideas

MetaGreen line - Support Redline - Current resistance Yellow line - Next resistance Cramer said buy at 140 ... Hats off to him, a win is win! Floating all premarket under resistance at around 184. Over 184 and the next stop is 200 Company earnings were crappy but I guess this is still a discount if the FED has no credibility. Be careful opening longs up, IMO there is a higher chance we see 170 support before 200. In that scenario we would make a cup at 183 then a dip to 170 would be a handle
NASDAQ:META
by ContraryTrader
4
Meta Platforms (META) Fourth Quarter EarningsMeta Platforms (META) reported fourth-quarter earnings with revenue beating the expectations. Here are the key points: Meta earnings per share came at $1.76 well below the forecasts of $2.26. The revenue came at $32.17 billion above the expectations of $31.53 billion. Daily Active Users (DAUs) were 2 billion slightly higher than the 1.99 billion expected. Monthly Active Users (MAUs) were at 2.96 billion. Family DAP and MAP are on the rise with a YoY increase of 5% and 4% respectively. Meta’s Reality Labs unit recorded a $4.28 billion loss in Q4. The company also announced a $40 billion buyback. Meta bought back $28B stock during 2022 (8.2% of float). The company now sees capital expenditures to be in the range of $30-33 billion, lowered from the prior estimate of $34-37 billion. Meta expects revenue between $26 billion and $28.5 billion, compared with analysts average estimates of $27.14 billion. Yesterday, LightShed Partners initiated Meta Platforms at Buy and a price target of $200. Jefferies on January 30 reiterated META at Buy and raised the price target from $155 to $175.
NASDAQ:META
by Eventstra
Possible Short on MetaEarnings coming out after the market tomorrow. Price rejected off the 200 DMA and I opened a small short position after the rejection. The RSI is very elevated. SNAP came out with horrible earnings after market today and fell off over 14 %. Both Pinterest and FB fell, FB dropped to 145.37 and has since bounced to 147. .5 fib retracement is 120.67, also there is a gap at that price that could be filled. I will take the side that FB earnings also missed (my guess). There will be a lot of volatility around the FOMC tomorrow and I want to stay in my short so I will have a higher SL to accommodate. My only reservation is the FOMC meeting tomorrow, but I will take the risk that the earnings will outweigh the FOMC in the short term for FB. Not financial advise.
NASDAQ:METAShort
by Thnacks
1
The FAANGT stocksIt's time to keep a close eye on FAANGT stocks to be ready to reposition once the rules I've outlined in my post “A trading system for rookies” are met. I also urge you to consider positions in the Greek Stock Exchange where there are now many reliable and safe shares that are in a mature phase of growth. Some of them are presented below. For more information you can search the recent reports of major investment houses Morgan Stanley, JP Morgan and others. Also take a look at my post “Is the Greek stock market ready to skyrocket?”.
NASDAQ:METALong
by Gnothisafton
1
Fallen Angels //// ATRWhat do we do with them? Ascending Triangle . All Triangles are neutral until broken and an ascending triangle can break down just as a descending triangle breaks up. Flag formed but was unable to reach full targets due to a prior falling window or a gap down. This is possibly due to the the resistance at the top of that window and price has been a bit stuck. Meta has been unable to break this resistance and if it does, I will update this post. Price is still inside the structure as I type. Triangles push price in to the narrowing nose of the structure like a vacuum. Eventually the structure will break one way or the other. No recommendation except be safe closer to earnings which is estimate to be early February. (Maybe they will give Z a break and he won't have to report but I do not think they can do that. Nothing surprises me these days though. LOL) Short is at 1.5% approximate. ATR is a volatility indicator. Periods of low volatility are often followed by periods of high volatility. The ATR % stop method can be used by any type of trader because the width of the stop is determined by the percentage of the average true range (ATR). A cautious trader may use 50% of ATR but someone who is less cautious and wants to hold the trade may even double the ATR, then add it to price in the direction they are trading (short or long) as a stop. ATR is a measure of volatility over a specified period of time. A higher ATR indicates a more volatile market, while a lower ATR indicates a less volatile market. ATR for Meta is 4.60. At this moment on Friday 12-30-22, there is a bearish Harami forming. This 2 day candle pattern would need confirmation. Today is a foggy Friday (O: Not quite raining just yet. I would say the market is in a "slow drizzle" and is a bit difficult to trade. I feel the pressure of a thunderstorms on the horizon. Happy New Year!
NASDAQ:META
by lauralea
6
META Short earningsLet's be honest from purely a probability perspective I see meta NOT beating earnings for many reasons. ad rev still down. covid reopening people using social less. snap will do poorly as usual the business model is failed. burning cash for meta oculus headsets. last time we had earnings it dropped over the 3 day rule around 35% FK Zuckerberg and short this thing to the ground. hopefully it'll recover once economy is sorted and their metaverse project pays off. target level 130, then all gaps on daily need to be closed.
NASDAQ:METAShort
by JamesFlem
4