Quick dump : But ready to take offAs soon it takes a quick dump this is ready for a big pull back towards 550 in
META trade ideas
The Zucks just announced paid subscriptions for FB and Instagram"Meta CEO Mark Zuckerberg announced a new paid subscription service for Facebook and Instagram on Sunday, granting users a hallowed blue check for a monthly fee. Meta Verified will cost $11.99 a month on web and $14.99 a month on iOS. It's launching in Australia and New Zealand this week ahead of a wider rollout. The subscription "lets you verify your account with a government ID, get a blue badge, get extra impersonation protection against accounts claiming to be you, and get direct access to customer support," Zuckerberg said."
Be interesting to see if this gives FB price a bit of a bump with the potential new revenue that could be generated by this.
META - Short term outlook and trade ideaWill definitely be looking to go long here toward the top of orange and potentially even break out of orange toward top of purple. If we do see ourselves getting rejected at orange tapering, that will set us up for an easy short trade down to retest our tapered white algorithm.
As always, let price tell you what it wants to do - don't try and force it's hand because it will win every time!
Happy Trading :)
Meta Sneaks Toward Old HighsMeta Platforms has been grinding upward for the last two months, and some traders may see potential for a breakout.
The first pattern on today’s chart is the bearish gap on April 25 after guidance missed estimates. The social-media giant avoided making new lows after the drop and recovered, which may suggest that buyers were lurking.
Second is the pre-gap close of $493.50. META pushed above the level in early June and successfully retested it. That may erase any lingering negativity from the recent selloff.
Third, MACD is rising and the stock has held its rising 100-day simple moving average. Those patterns may reflect bullishness in the short- and longer terms.
Fourth, META is attempting to break a short-term trendline that formed over the last two weeks.
Finally, consider the broader megacap growth space. The sputtering price action in Nvidia has caused some anxiety, but other names like Amazon.com, Apple, Alphabet and Microsoft have remained at or near record highs. That may reflect confidence in the broader group, with the potential for sentiment to move away from chips toward other large Nasdaq stocks.
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Live Trading/Scalping METAHere I put the HTF analysis and algorithms that I posted in my video this morning to action.
This was a lot of fun for me to do and I will start to "live trade" more often for you all if you find it helpful. I would think it gives a deeper insight into how I actually utilize my strategy in the markets by utilizing the higher time frame analysis that I give in my other videos.
Please let me know if you enjoy this type of content and what you'd like to see next!
(Price ended up dumping down to 497 minutes later!)
Happy Trading :)
Would you still increase your holdings at this point?The the stock of social media company has risen by 8.06% in the past month, lagging the Computer and Technology sector's gain of 8.7% and overreaching the S&P 500's gain of 3.34%.
The stock is at an all-time high, but positions are not larger than ever, and traders are cautious and not rushing into the market.
META - Short term analysis and trade ideasWe will be adaptive for this position. We have our HTF target above and we are now preparing to enter a short term position on a LTF.
Our LTF is attempting to prove our green and white controlled-selling taper which is what we look to see for HTF breakouts.
Happy Trading :)
3 Reasons Why Meta Is A Good Buy Right NowIts been a challenge to trade of late but dont lose hope you can always find a way
as long you have a will... Now yesterday i introduced you to the rocket booster strategy and on top of that i
showed you the #1 indicator that i use to know wether a trend is strong enough for you to buy or sell check the references below to learn more
Right now meta is performing very well and looks like it will be one the best stocks in 2024, there is a race going on in the tech stocks that you should really take note of
this bull market run in the tech stocks is something that happens during market down turns because investors are looking to park their money in businesses that have proof of concept and consumer market value.
3 Reasons Why Meta Is A Good Buy Right Now
-1- The price is above the 50 day moving average
-2- The price is above the 200 day moving average
-3- The trend is very strong
**BONUS TIPS***
-4- Look at the ADX what color is above the red line and the blue line?
-5- If the green line is above the red line what does this mean? in terms of trend strength?
Rocket boost this content to learn more.
Disclaimer:Its not as hard as it seems but remember that trading is risky and you will lose money so learn risk management
Elliott Wave Expects META to Extend Impulsive RallyShort Term Elliott Wave in META suggests the stock rallies in impulsive structure from 4.25.2024 low. Up from there, wave (1) ended at 482.5 and pullback in wave (2) ended at 454.46. The stock has resumed higher in wave (3) with internal subdivision as an impulse Elliott Wave structure in lesser degree. Up from wave (2), wave ((i)) ended at 460.23 and pullback in wave ((ii)) ended at 458.3. The stock resumed higher in wave ((iii)) towards 496.65 and pullback in wave ((iv)) ended at 491.92. Final leg wave ((v)) ended at 502.82 which completed wave 1.
Pullback in wave 2 unfolded as a zigzag structure. Down from wave 1, wave ((a)) ended at 490.89 and wave ((b)) ended at 496. Wave ((c)) lower ended at 490.19 which completed wave 2 in higher degree. The stock has resumed higher in wave 3. Up from wave 2, wave (i) ended at 505.33 and wave (ii) ended at 498.67. Rally in wave (iii) ended at 509, and dips in wave (iv) ended at 507.3. Final wave (v) ended at 516.88 which completed wave ((i)) in higher degree. Wave ((ii)) pullback is in progress to correct cycle from 6.7.2024 low before it resumes higher. Near term, as far as pivot at 490.19 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
Using the Second Charts on TradingviewThis tutorial goes over the uses of the very low timeframe features that Tradingview offers, namely the 1 second through to the 30 second charts.
The main advantage to these timeframes is that they permit you to clearly see whether your support and/or resistance levels are being held or are being rejected. This allows you to make a determination much quicker than if you are using higher timeframes. This can make or break your profit and setup and is quite an advantageous tool to utilize if you have access to these timeframe periods.
In addition to visualizing support and resistance breaks/holds, the use of these smaller timeframe charts also allows you to apply methods such as the Heikin Ashi strategy much more effectively and quickly. If you are a scalper, it does add an insurmountable amount of value to your analysis.
Thanks for watching and leave your questions and comments below!
Safe trades everyone!
Meta Platforms META - Expect lots of price actionBased on after-market price action META has already dropped from about $493 into the gap at about $420. There is room to fall further to the 200 day EMA that coincides with the previous all-time high. We would definitely expect some reaction at that point. There should be a lot of price action at this point since the gap is so large. This is a wait and see situation.
Buy MetaInvesting differs from trading as it focuses on long-term growth and sustainability of assets rather than quick gains. An investment idea involves committing money to ventures, projects, or assets expected to grow in value over time, such as stocks, bonds, or real estate.
Investing requires understanding the fundamental factors that drive growth and stability. It involves detailed analysis of opportunities, like evaluating a company's financial health and potential for innovation, to minimize risk and maximize long-term gains.
Prep and Lean 6.6.24ES
Overall conditions quite bullish. It is difficult to be bearish given the VAH is also the HOD, meaning volume & value are backing this move.
No bullish close but a value shift higher, so I can’t really be bearish until acceptance back below the VAL 5326 is found.
Depending on where we open, our best reference would be 5360-5362, the VPOC & spike base.
Open / bid above 5360-5362 targets 5382 / 5391. Take out 5391 targets 5408.
Open / offer below 5360-5362 targets 5336. Take out 5336 targets 5326 / 5317.
NQ
Overall conditions quite bullish.
No bullish close but a value shift higher, so I can’t really be bearish until acceptance back below the VAL 18902 is found.
Depending on where we open, our best reference would be 19049, the spike base.
Open / bid above 19049 targets 19123-19148. Take out 19123-19148 targets 19180.
Open / offer below 19049 targets 18923-18950. Take out 18923-18950 targets 18902.
Stay Frosty!
Meta Platforms - Watch the earnings!Hello Traders and Investors, today I will take a look at Meta Platforms.
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Explanation of my video analysis:
For more than five years Meta Platforms has been trading in a reverse symmetrical triangle formation. We saw the last retest of support back in the end of 2022 which was followed by a decent rally of +450% towards the upside. At the moment Meta Platforms is retesting the upper resistance of the triangle formation so it is quite likely that we will see at least a short term rejection towards the downside.
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Keep your long term vision,
Philip (BasicTrading)
$META: long term trend is clearly bullish...A very nice case study for Time@Mode applied to long term charts here...
If you bought NASDAQ:META at any point since it bottomed, you're pretty much golden.
Can hodl this and let it ride towards the long term targets that can take as far as 2028 if patient enough.
Current monthly trend is a good low risk entry, will confirm on close this month for higher confidence in the signal working. For now it seems unlikely for price to crater below $286.79 before the end of January, but it could always happen as a black swan, that's why you wait for signal confirmation if conservative.
Best of luck!
Cheers,
Ivan Labrie.
