METACL trade ideas
$META Trade Idea - Finished with a Bullish Engulfing on the dayFinished with a Bullish Engulfing on the daily
Calls over $137.44
Targets: $138.34, $141.38
Puts under $132.21
Targets: $131.76, $130.30
NASDAQ:META
MetaFormed a rising wedge last 4 trading sessions..
I've been short since yesterday with 1/27
It ran up to 137 and I shorted some more!
My bearish target for my contracts is 127 or 21ema.
Meta will eventually retest support around 120-123.
Bearish harami candlestick
Meta ideaGoing to buy a put for Meta just because it’s overbought and at resistance , I think it pulls back to the 130 level for a short term trade .
Chances of facebook stock (Meta )Meta has two possibilities in which we must make an alert .
if it can break the strong resistance it made and drawn in chart it will move toward its target easily toward 137 ( that is more percentage).
the other oppurtunity it couldnt break the resistance . in that way it would move toward the support below at 88 dollar per stock , and we think by that way it would be a very great oppurtinity for long term investment.
if our idea is good for you please promote us . <3
Why PE Ratio is the Misunderstood MetricA high P/E does not tell you that stock is overvalued and a lower P/E does not mean that stock is undervalued.
P/E is simply just another metric and what it reflect is "Investor's perception about Company's Future Earnings"
Its shows "How Much investors are willing to pay for every $1 of Earnings"
In September 2021, Meta Platforms' stock reached a high of $385 with a PE ratio of 28. However, by March 2022, the stock had dropped almost 50% from its peak, with a PE ratio of 14. As a value investor, investing solely based on PE ratio, one may have believed that Meta Platforms was undervalued at a PE of 14, as it was historically trading at a PE of 28. However, even with the discounted price, the investment would have resulted in a loss of 40-50%.
META 01/20 125P1. attempt monthly resistance level
2. overlapped with upper trendline
3. attempt weekly resistance trend line
4. spy is about to break soon
5. XLC sector is relative strong but about to reach resistance level 50
So I am taking the META 01/20 125P for a swing trade. Remember CPI next thursday, i dont think market will pop or drop hardly before next Thus
FB / Meta targets224 is .618 from 2018 low. I didn't use march 2020 low because more fibs are lining up on using 2018. Optimistic targets for exits also identified in case of melt-up scenario some analysts are predicting.
Long - medium termAccording to wave analysis, for me there are 2 possible scenarios for Meta: Either it will make a bigger correction (scenario 1) before continuing its downward movement and breaking the low point, or it will reverse to break the Top. In both scenarios, it should complete the first wave, which means that the medium-term META will rise over the next few weeks and months.
The reversal scenario if it happens, it will most likely occur correctively.
Meta at resistanceMeta is at resistance. I doubt it has the momentum to get to the next resistance level at $157, if it did that would be a great place to short. I believe Meta will retest the lows in the near future (3-6 months).
$META bullish engulfing on the daily. $META bullish engulfing on the daily.
My next Price target is the $135 PL
NASDAQ:META
$META is looking for the Bullish engulfing on the daily. $META is looking for the Bullish engulfing on the daily.
When it breaks out of the ascending triangle on the session hour, it goes to $135.
META 120 gap close Short back to trendline support or 120 gap close.
Still short term bullish as long as trendline support holds.
The October gap has been closed so Meta will most likely move in general direction of QQQ unless company specific news comes out
Stop loss 130
META Closed 2 straight green months, the first time since 2021!Meta Platforms (META) is on a strong January monthly candle (chart on the right) having closed in December two straight green months for the first time since August 2021, which was its All Time High. This alone is a huge bullish development, which along with the 1M RSI being on an Inverse Head and Shoulders pattern (IH&S), it can start staging its long-term bullish reversal.
On the more medium-term 1D time-frame (chart on the left), Meta also made a significant bullish development, as yesterday it clearly broke (but failed to close) above the 1D MA100 (green trend-line), for the first time in one whole year (since December 30 2021). Having turned the 1D MA50 (blue trend-line) into a Support this last month (since December 12), if it manages to close a daily candle above the 1D MA100, the stock's next aim would be the 1D MA200 (orange trend-line).
The 1W RSI also had a major bullish break-out as it broken above a Resistance Zone holding since August 15, that previously had rejected the price a total of three times (Triple Top). In our view we can claim that Meta has a sustainable bullish reversal only if it breaks above the 1D MA200.
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META Potential for Bullish Rise | 10th January 2023Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. I'm looking for a pullback buy entry at 124.03, where the 38.2% Fibonacci line is. Stop loss will be at 112.47, where the recent low is. Take profit will be at 137.66, where the 50% Fibonacci line is.
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