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META PLATFORMS, INCMM

META PLATFORMS, INC

13,453.60MXND
−33.96−0.25%
At close at Jul 7, 19:52 GMT
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META trade ideas

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.
NASDAQ:META
by Elliottwave-Forecast
Facebook / META / Whatever - considerably oversoldOn the above 2-day chart price action has corrected a massive 50%. A number of reasons now exist to be bullish. 1) The ‘incredible buy’ signal prints. i.e. 95% probability of upside from here on. 2) That green line. The annual moving average without weekends. Regardless of the stock, anytime price action is way below here price action is a steal. 3) PE ratio: 13! On my AMD ‘short’ idea there are comments defending a PE ratio north of 200. Utterly deluded. 4) MFI resistance breakout (bottom oscillator). The money flow index is printing a break of resistance active since early 2021. Those breaks of resistance are remarkable at indicating when dumb money capitulates. 6) Regular bullish divergence. 10 Oscillators are currently printing bullish divergence. 6) A great many ideas currently published on TradingView are ‘short’. Remember, approximately 90-95% of traders will lose money in this business. Come and join us here in club 5%. Is it possible price action falls further? Sure. $170 could be the floor as derived from golden ratios. Is it probable? 5% technically speaking. Good luck! WW
FLong
by without_worries
48
META at the end of a running correction. Massive breakout soon.Since February of last year, Meta has been in an upward impulse pattern with Wave 4 in a prolonged running double three. The last segment of Wave 4 is a running triangle with its apex very close to the February 1 earnings report. If this pattern is correct, Wave 5 should extend either at the 161.8% or 261.8% Fibonacci level which is between ($870-1,400) respectively. The time target is less certain but I’m estimating that it will be 161.8% of the time taken by Wave 3, putting the target date in the last week of March.
NLong
by r5sn3kxfh6
Short $META at $350 down to $81 targetLike many of the other tech stocks META looks extended here. I could see one more move up into the $350 region, and if it hits there, I think that sets up a good short opportunity. Lots of people saying we're starting a new bull trend, but what makes me think that's not true? In a bull trend, you see a slow rise up, not a 300% bounce in a year. That indicates to me that this move has been corrective and not impulsive. I think we're nearing a top and once we hit it, I think it'll be a fast decline down to the $81 target on the chart. I'll be playing this move through options w/ expiry into late 2024/early 2025
NShort
by benjihyam
1
$META Finds Strength at Key Support Amidst $SPY, $QQQ DownturnIn today's trading session, we witnessed a significant divergence in market behavior. While AMEX:SPY and NASDAQ:QQQ experienced notable downturns, NASDAQ:META demonstrated resilience by adhering to a crucial support zone. This is further emphasized by its rebound off the bottom of the current uptrend channel, forming a 2-1-2u reversal pattern. This pattern could be indicative of a potential shift in market sentiment, especially with the upcoming NFP data release. Traders should keep a close watch on NASDAQ:META for possible trend continuation or reversal signals. Chart attached for detailed analysis.
NLong
by Solidified
Meta - Buy The DipHello Traders, welcome to today's analysis of Meta Platforms. -------- Explanation of my chart analysis: During 2022 Meta Platforms declined massively and dropped more than -70% all the way down to the previous support at the psychological $100 level. From there we saw a pump of more than 250% after which we could now see a short term pullback followed by new all time highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
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by basictradingtv
7
$META target short $308I asked on Tuesday what stock might be an easy $1,000 profit with an option, and dowsing took me to META. I wasn't sure it would start up right away, but it's going lower yesterday and again today. The intuition target is 308 (I clearly "saw" 08). My dowsing also gave me the 8 number twice, but first stalled around 17 and then 11, so those may be a little bouncy, or something else I'm not aware of. The other thing to be aware of for META and indexes is the date around the 6-7th. I think mainly the 6th. Those keep coming in for all kinds of other names as well and could be a reversal day.
NShort
by JenRz
Meta Update: Ending Diagonal Forming?Another day, another ticker update. As I said in my last post, this rise is coming to an end. Most of the time when an ending diagonal forms, you don't know it until you are towards the end of wave 3 or in wave 4. They just appear corrective in nature vs. impulsive. That being said. If this is the correct count, then we should start a retrace for 4 soon. I would expect it to be a 3-wave move that slightly overlaps wave 2 before making a 3-wave move higher to finish wave 5 of (5) of ((1)). As of now we are still on neg div. indicating this primary move up is running on fumes. You may notice I talk about MACD ALOT. This is because it is the single most important indicator out there IMHO. It is also the only indicator I primarily use. The RSI and volume indicators are helpful sometimes too but are usually just noise to me. If you have any questions let me know. I will post on Meta weekly or so until sometime in the 1st quarter of 24'. Also, many people view my every post but not many boost them. The best way to reach as many people as I can is through y'all. If you find these posts helpful please boost them to help spread the word. Thanks, and God bless every one of you!!
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by TSuth
6
Meta Platforms Weekly ChartMeta Platforms Weekly Chart Meta Platforms (META) presents a compelling case as a growth stock, though it's not without its complexities. Here's a breakdown: Growth Drivers: Dominant Social Media Presence: Meta owns behemoths like Facebook, Instagram, and WhatsApp, boasting over 3 billion monthly active users across its family of apps. This vast user base translates to substantial ad revenue and engagement opportunities. Monetization Potential: Meta constantly innovates in digital advertising formats, leveraging user data and AI to target ads effectively. This, coupled with its massive reach, unlocks significant revenue growth potential. Metaverse Push: Meta is heavily invested in building the metaverse, the next chapter of the internet. Its VR/AR hardware (Oculus) and software initiatives (Horizon Worlds) aim to capture a sizable share of this nascent market. Emerging Markets: Meta actively expands into developing markets, where internet penetration and social media adoption are rapidly growing. This fuels user base and revenue expansion.
NLong
by AlgoTradeAlert
The Good the Bad and the Neutral scenarioLet's all wish a happy new year! Let's all see the ads for the super products don't worry if you don't .. the company knows how to do it! * Let's remember those in our local area who need to sell their products (or online) and buy some (good scenario) * Let's see more ads without buying nothing (Bad scenario for now) * Let's see what our favourite people do with smoke signals until the market gives us the up or down signal If you liked this idea or if you have your own opinion about it, write in the comments. Thanks for reading!
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by GP101
META Long-term OutlookWell, as promised, here is another long-term outlook for one of the tickers that will be on my coverage list. Facebook has been on a tear since it bottomed at $88.11. I did not participate in the move up as I was still learning a decent amount at that time. I did start to track it though to see if I was right or not and use it as a learning opportunity. As you see, MACD made a new high and we are in the target box for where I expected this wave ((1)) to end. We have made a new high on negative divergence indicating this move higher is coming to an end. I'm not going to give away any more details at this time but suffice to say I see confirmation signals everywhere I look. This move higher should end soon and start to move lower with the rest of the market in the beginning of the year. This count suggests we are in cycle wave III, so to say this thing will be strong is an understatement. I imagine we should get a shallow retrace for ((2)) due to this, but until I have some action to the downside it is impossible to say for certain. A "normal" endpoint will be in the $230-$175 area, but as I said we're in a Cycle wave III. One last thing, if we raised $268 or 305% for wave ((1)) of III, how high do you think wave ((3)) of III will go? If this continues along a "normal" extension, then it should hit $681.54 for III with a Super Cycle wave (I) top at a minimum of $743.16-$1048.32. Keep in mind, Cycle wave I took over 9 years, so this won't happen anytime soon. This also assumes the company will continue to be managed correctly. With the AI, virtual reality, and other products they are working on in their R&D, it gives me confidence they have their eye on the future. Bonam Fortunam, --Tyler
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by TSuth
2
+15.6% in November: Harnessing the Power of Minervini's StrategyThis November, my 'Growth, Innovation & Momentum' portfolio is up by more than 15%. I embarked on a fascinating journey in the world of stock trading, closely following Mark Minervini's esteemed trading strategies. Minervini, a renowned stock market wizard, is famous for his SEPA (Specific Entry Point Analysis) methodology, a combination of technical analysis and risk management. As I navigated through the dynamic landscape of the stock market, I applied these principles, aiming to optimize my swing trading approach. Today, I'm excited to share with you a detailed analysis of my portfolio's performance. The Core of Minervini's Strategy Mark Minervini's strategy revolves around identifying stocks with strong potential before they make their significant upward moves. The key elements of his approach include: Trend Template: Minervini focuses on stocks in a strong uptrend. Risk Management: He emphasizes strict stop-loss orders to minimize losses. Volume Analysis: Volume spikes on up days are a positive sign. Entry Points: Entering at specific points to maximize gains while minimizing risks. My Portfolio Performance: A Deep Dive Overview Overall Performance: +15.6% Total Winners: 27 trades Total Losers: 13 trades] Batting Average: 67.5% Key Takeaways Winning Edge: A batting average of 67.5% signifies a robust strategy in picking winners, aligning with Minervini's emphasis on stock selection. Entry and Exit Strategies Following Minervini, I aimed for precision in entry and exit points. I sought stocks showing signs of breakout with high trading volumes, entering positions during their early upward trend phases. For exits, I set strict stop-loss levels, though I'm looking to refine these further. Risk Management Risk control is a cornerstone of Minervini's method. I maintained a disciplined approach to stop-loss orders, though my average loss suggests a need for tighter control. Moving forward, I plan to implement more stringent risk assessment techniques. Stock of the Month: Vertex On Dec 13th, Vertex jumped by a whopping +13.2% following encouraging news regarding the Opinion for Sickle Cell Disease Therapy From European Committee for Medicinal Products for Human Use. Here is the link to my current portfolio: www.tradingview.com
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by JS_TechTrading
Navigating the $META Wave Investors have paid higher prices over time to buy NASDAQ:META and the stock is in a rising trend channel . This signals increasing optimism among investors and indicates continued rise. NASDAQ:META stock has broken up through resistance at dollar 327. This predicts a further rise. In case of negative reactions, there will now be support at dollar $327. Volume has previously been low at price tops and high at price bottoms. This weakens the rising trend and could be an early signal of a coming trend break. New Partnership NASDAQ:META and ONDC Partner To Support Small Businesses in India for Seamless Conversation Buyer and Seller Experiences. As per its commitment to upskill 10 million small businesses across the country, Meta Small Business Academy offers a certification to empower entrepreneurs and marketers to gain critical digital marketing skills to grow on the Meta apps.
NLong
by DEXWireNews