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META PLATFORMS INCMETA PLATFORMS INCMETA PLATFORMS INC

META PLATFORMS INC

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Mission Rejected at Mt. Everest -Bullish Market Structure IntactNASDAQ:META Update - Bullish Outlook - October 15, 2023 Opening Summary : Bullish breakout stalled at a key resistance level. Market Structure: Currently in Markup, signaling bullish trend continuation. Key Price Levels: Support: $300, $304.79, $309.32, $311.7 Resistance: $325.88, $328.79, $334.79, $340.56, $353.36 Chart Patterns: Day: 2-2-2d reversal Week: 3-2-2u continuation, bullish flag breakout, inverse hammer Month: 2-1-2u reversal, bullish flag pattern Quarter: 2-2-2u continuation Volume Analysis: Day: Bearish volume confirms the 2-2-2d reversal. Week: Bullish volume supports the 3-2-2u continuation. Month: Volume data not conclusive. Quarter: Bullish volume strengthens the quarterly 2-2-2u pattern. Overall Outlook: If bearish sentiment continues, a retracement to $300 PL is likely. Note : Back-testing shows an inverse hammer typically leads to a gap up or gap down.
NASDAQ:METALong
by Solidified
Meta Platforms Revives in 2023 with Impressive GainsMeta Platforms Revives in 2023 with Impressive Gains After a lackluster performance in 2022, Meta Platforms, previously known as Facebook, has made a remarkable comeback in 2023. The company's shares have surged by approximately 162%, a stark contrast to the previous year when the stock saw a decline of over 64%. These gains are over 13 times the returns of the S&P 500, demonstrating the magnitude of Meta's resurgence. The primary driving force behind Meta's 2023 success is its return to revenue growth after several quarters of decline. Additionally, Meta Platforms has harnessed the power of artificial intelligence (AI), which holds promising implications for its future. Investors who remained on the sidelines during Meta's resurgence now face a crucial decision. They must weigh the allure of potential further gains against concerns about the stock's high valuation and the uncertainties within the digital advertising industry. Let's delve deeper into this conundrum. The economic challenges that dominated the headlines in the previous year took a toll on many companies, and Meta Platforms was no exception. In times of economic uncertainty, marketers often cut back on advertising spending, which can be quickly adjusted. Meta Platforms, as a company heavily reliant on digital advertising across its social media platforms and the world's second-largest online advertiser, with a 20% market share, felt the brunt of this impact. While most technology companies faced challenges during this period, the decline in ad spending led Meta to report three consecutive quarters of year-over-year revenue declines, a first in its history. Understandably, investors grew concerned, and the most risk-averse among them chose to exit the stock. However, as it turns out, their cautious approach proved costly as Meta Platforms made a strong comeback this year. The rebound in digital advertising has fueled significant gains for investors. Yet, it's important to note that this recovery is still in its early stages. In the second quarter of the year, Meta reported an 11% year-over-year growth in revenue and a 21% increase in earnings per share, positioning the company for potential record-high sales and profits. What sets Meta apart is its commitment to embracing cutting-edge technology, particularly Generative AI. While AI has been integral to the company for various purposes, it now plans to apply these advanced algorithms to enhance its digital advertising efforts. Meta is one of the few companies with the resources required to develop large language models for generative AI. In a recent move, Meta introduced a suite of AI-powered marketing tools for businesses advertising on its platforms. These tools allow for customized images and text, empowering businesses to target their desired audiences more effectively. AI plays a crucial role in creating backgrounds, adjusting aspect ratios, and generating multiple ad versions tailored to various advertising channels. While many companies view the widespread adoption of AI as a future endeavor, Meta is already leveraging this technology to drive its growth. However, Meta's stock is currently trading at 37 times its trailing 12-month earnings and roughly 7 times its sales, making it less of a bargain for investors. This somewhat inflated valuation may warrant caution. Nonetheless, when you consider Meta's future prospects, the outlook becomes more favorable. It's valued at only 24 times next year's earnings and 5 times next year's sales, which is significantly more attractive. Why? Because the company is expected to return to double-digit growth in sales and earnings per share by the end of 2024. The recovery in the digital advertising market is well underway, and Meta is generously offering its AI expertise to advertisers at no cost, potentially attracting a growing number of them to its platform. Despite the potential for market volatility due to ongoing economic uncertainties, investing in Meta Platforms now could prove to be a savvy move in five or ten years, especially given the extensive growth prospects on the horizon.
NASDAQ:METALong
by FOREXN1
6
Meta - Short to $265 minimumPretty confident this is a great opportunity to short Meta. Daily RSI is looking exhausted, just reached a heavy resistance area coupled with higher sell volume than buy volume the past few days. I expect a move down to $265, there i would reevaluate the chart. However you see the path i am bias on above. However, it could go to $265 and further push toward all-time highs but would need to see that reaction in real time. My main play here is down to $265 and reevaluate if we get there.
NASDAQ:METAShort
by RobsPlan
6
Exciting Times Ahead! Time to Go Long on Meta!First things first, have you noticed the recent absence of news surrounding Meta and Mark Zuckerberg? Well, let me tell you, my friend, it's actually a fantastic sign for the stock! Sometimes, no news is indeed good news, especially when it comes to a company as innovative and influential as Meta. Here's why the silence is golden: Meta, under the visionary leadership of Mark Zuckerberg, has been relentlessly pushing boundaries and revolutionizing the way we interact with technology. With their groundbreaking advancements in augmented and virtual reality, as well as their strong foothold in social media, Meta is perfectly positioned for exponential growth. When there's a lack of news, it often signifies that the company is diligently working behind the scenes, cooking up something truly remarkable. They might be busy refining their products, developing new features, or even exploring potential partnerships that could skyrocket their stock value in the near future. So, my friend, this is the perfect time to seize the opportunity and go long on Meta! By investing in Meta stock now, you position yourself to reap the benefits of their future success. As the world becomes increasingly interconnected and reliant on immersive digital experiences, Meta's offerings are poised to become even more integral to our daily lives. Imagine a world where virtual reality becomes the norm, where we can connect with loved ones, explore new places, and engage in virtual commerce seamlessly. Meta is at the forefront of making this vision a reality, and you have the chance to be part of this groundbreaking journey. So, what's the call-to-action, you ask? It's time to take action and consider adding Meta to your portfolio! Conduct thorough research, analyze the market trends, and evaluate your risk appetite. Once you feel confident in your decision, seize the moment and make your move. Remember, fortune favors the bold! As always, I encourage you to consult with your financial advisor or do your own due diligence before making any investment decisions. The stock market can be unpredictable, but with Meta's track record and the potential for future growth, we have a compelling opportunity on our hands. Let's embrace the excitement and optimism that comes with investing in a company that is shaping the future of technology. Together, we can ride the Meta wave and enjoy the fruits of our foresight! Wishing you happy trading and a prosperous journey ahead!
NASDAQ:METALong
by bryandowningqln
$META - 15 MIN 2 steps for Bullish Scenario with T1S Indicator: 1. Candles Above the Green Line: • Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum. 2. Bars Above Zero: • Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement. 2 steps for Bearish Scenario with T1S Indicator: 1. Candles Below the Green Line: • Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend. 2. Bars Negative Below Zero: • Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement.
NASDAQ:META
by Moey83
Meta has alot of potentialMETA, along with Nvidia and Microsoft, appears to be at the forefront of AI advancements. While Nvidia and MS have been well-recognized players in the AI domain, Meta and Google also wield substantial potential, given their vast data repositories that train their AI models, including releasing their powerful LLM model (Llama 2) to accelerate training and deployment. META has retired its previous Ad platform, shifting towards an AI-powered ranking platform, which is seen as a game-changer, effectively navigating Apple's restrictions. According to Susan Li, META's CFO, Ad spending with META has accelerated considerably since 2011, even amidst economic challenges, highlighting the company's formidable strength. Furthermore, the upcoming monetization of Threads, powered by their new Ad platform, promises transparency and solid ROI for brands and businesses. Considering the potential formation of an AI bubble, META seems poised to take center stage, The AI bubble could take a similar formation as the Mobile platforms, the focus shifting from hardware (Nvidia) to software (MS) and eventually to services (META).
NASDAQ:METALong
by Macro-Traders-Strategies
Video Analysis of Cup & Handle & Elliot Wave C wave buyHello Traders, In this video I point out the bullish cup and handle pattern that is currently forming on NASDAQ:META 4hr chart. I also showed the Elliot Wave pattern . I'm bullish on Meta for the following reasons 1) Oversold RSI 2) Bullish C Wave (upward) 3) Handle that has formed .5 fib level 4) The Bearish ABCD pattern sold off to the .5 fib level, and I'm looking for a retrace back up to $301.00 5) I have $306.00 as the breakout level of the cup and handle, which should cause price action to go to $325 "Not trading or investment advice. I will wait for confirmation of breakout of $306
NASDAQ:METALong
by moneyflow_trader
2
$META: Strong EMA Hold & Bullish Confluence Pre-EarningsExamining NASDAQ:META , the stock showcased resilience with an inside hammer formation on a 3-1 count, complemented by a rise in volume. It's commendable how it stands firm above both its 9 & 50-day EMAs, indicating strong bullish sentiment. Of particular note, despite market pressure from AMEX:SPY and TVC:VIX , NASDAQ:META staunchly defended its support levels. This strength was further underscored by its position as the 3rd highest in options call flow. As we navigate through timeframes, the stock maintains an inside day-week-month pattern, suggesting a possible bullish trend continuity. The presence of a hammer and a bullish flag across these timeframes amplifies this sentiment. With earnings approaching later this month, traders should keep a keen eye on NASDAQ:META for potential breakouts and trade opportunities
NASDAQ:METALong
by Solidified
META Analysis: Price Target Raised to $390Last week, the Meta Connect event took place, where the following were presented: → new Ray-Ban Meta Smart Glasses with a camera and microphones, including for broadcasting on social networks. The price of the gadget is USD 299; → Meta Quest 3 virtual reality helmet priced at USD 499; → AI characters for social networks, as well as Meta AI chatbot. Overall, the products were received favourably. And now analysts are making predictions about how this will affect the stock price. Thus, Truist Securities analyst Youssef Squali raised his target price to USD 390 per META share, expecting that: → revenue will increase by 21% year on year; → the company will receive many benefits through the implementation of AI (for example, Emu — an image generation model; Studio AI — a platform for developers that allows one to create new and customized AI). Add to this that the increase in revenue should be facilitated by the company’s intention to offer a subscription fee of USD 14 per month for using Instagram and Facebook, which will allow one to disable advertising. The daily chart of META stock, meanwhile, shows a mixed picture. Bullish arguments: → META stock is stronger than the S&P 500 market; → the price forms a movement within the ascending channel; → the price formed quick energetic rebounds from the lower border of the channel, thereby indicating the strength of demand. Bearish arguments: → On July 27, when the high of the year was formed, extremely high volumes were recorded on the NASDAQ exchange. They can be interpreted as the desire of large players to fix profits from long positions. Since then, the July 27 candle area has acted as resistance. Price action near the USD 310 level (roughly the low of the July 27 candlestick) confirms bearish activity. It is possible that in the coming weeks, the forces of supply and demand will balance out in the market, however, if the fundamental backdrop for META stock remains strong, it will help the bulls prove their superiority in the long term. 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.
NASDAQ:META
by FXOpen
1