FB2A trade ideas
Meta - Buy The DipHello Traders, welcome to today's analysis of Meta Platforms.
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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.
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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.
$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.
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!!
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.
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!
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
+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
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.
$META Just look at that divergence in RSINASDAQ:META Just look at that divergence in RSI
Just look at that divergence in RSI on the weekly. That’s it. That’s the post. I truly believe that the tech implosion will be magnificent.
$META Analysis, Key levels, and Targets $META Analysis, Key levels, and Targets
Can we just marvel for a moment… at how perfect TA can be. A lot of people say that TA doesn’t work… 😏
I will post my last analysis from June below this one…. I do actually have a lot of reasons to be at this level on META… even though I think the market is not done falling… META is on my list of “to accumulate”
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
METAFrom the apparent and new data, the price is currently forming a corrective flat action only, not a new real rise, and that the decline is continuing again for another support area that will be stronger, and all the data has been clarified on the chart.
Note: I am only sharing my point of view and what I see, and it may be wrong or right, so make your own analysis
Good luck
META - Chart Study - Rising Wedge - 4 HR TFStudied previous chart based on Rising Wedge on 4 hours TF. Projection was successfully achieved.
META 330+ THIS WEEK ABOVE 327Price bounced off the FVG of earlier this week, and above 327 price will be above the weekly pivot, and will want to go up to swing high liquidity. This trade is invalid if price closes under previous FVG support.
Meta 320 or 353Price has been playing this channel since July's high with exception of the last earnings gap down that broke channel... Next week we will either tag 320(50sma) or 353 resistance
Meta and IBM Team up Against Dominant Big Tech PlayersIn a prominent push toward open-sourcing artificial intelligence, IBM and Meta on Tuesday launched a group called the AI Alliance, an international coalition of corporations, universities and organizations that are collectively committed to "open science" and "open technologies."
The Alliance, according to a statement, will be "action-oriented," and is meant to better shape the equitable evolution of the technology.
Some prominent members of the organization include AMD, Cornell University, Harvard University, Yale University, NASA, Hugging Face and Intel.
The goal of the group, according to a statement, is to enhance responsible innovation by ensuring trust, safety and scientific rigor. To achieve that goal, it will push for the development of benchmarks and evaluation standards, support AI skill-building around the world and highlight members' use of responsible AI.
Meta May Have More UpsideMeta Platforms has moved sideways since the summer, but traders may now expect more upside.
The first pattern on today’s chart is the 50-day simple moving average (SMA), which META broke as it started rallying a year ago. Prices remained above the SMA through August, followed by a period of consolidation on either side of it through late October. The social media stock then climbed back above the 50-day SMA and is now trying to find support at it.
That price action may suggest the intermediate-term trend was bullish, then neutral, and is now getting bullish again.
Second, the current bounce is happening near a 50 percent retracement of the move between the October 26 close and the peak on November 22. That may confirm the most recent surge was the start of a new directional move.
Third, stochastics are rebounding from an oversold condition.
Finally, higher weekly lows since mid-August could indicate the presence of a longer-term uptrend.
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META Is it a BUY again?Meta Platforms (META) hit our $320.00 target after our most recent November 19 call (see char below) following a clear rejection on the Higher Highs trend-line:
The stock has since held the 1D MA50 (blue trend-line) as its short-term Support and turned into a buy again. The short-term target is still limited to the Higher Highs trendline and in that sphere of logic, we will target $350 (Target 1).
If however Support 1 (313.50) breaks, we might see another almost -16% decline, similar to the previous two bearish legs since July 28, which can test the 1D MA200 (orange trend-line). That will be the strongest buy opportunity on the medium-term and we will target again the Higher Highs trend-line at $360 (Target 2).
Any candle closing above the Higher Highs trend-line will be an automatic bullish break-out signal, targeting straight the All Time High at $384.50.
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Meta Platforms Inc. Join Forces In Open AI Advocacy InitiativeMeta Platforms (NASDAQ:META) and International Business Machines (NYSE: IBM) have announced the formation of an AI Alliance, a coalition of over 50 AI companies and research institutions advocating for an open model of AI.
The alliance, which includes notable members such as Intel INTC and the National Science Foundation, aims to pool resources for “open innovation and open science” in AI, The Wall Street Journal reported.
The majority of the members are proponents of open-source tech, which involves freely shared technology and a history of collaboration among Big Tech, academia, and independent coders.
IBM and Meta have been working together since August to form this alliance. Darío Gil, senior vice president at IBM and director of IBM Research, expressed dissatisfaction with the AI discussions over the past year, stating, “We did not feel that it reflected the diversity of the ecosystem that is making this AI moment possible.”
Despite IBM’s AI history being tainted by the faltering of its Watson system, Gil said its new Watsonx system is a completely new platform. Similarly, Meta, despite some setbacks in AI development, is attempting to establish a foothold in the thriving AI market through its open-source AI system, Llama 2 AI model.
The formation of the AI Alliance comes at a time when businesses are seeking more AI product providers to reduce the risk associated with single-vendor dependency. This need for a more distributed approach is something the AI Alliance aims to address.
META Price Momentum
META is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
META, potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
META likely Meta Platforms, Inc. (formerly Facebook), and you're suggesting that a positive job opening report at 7 am has favorably influenced the market. Additionally, you're pointing out specific price levels ($322 and $323) that you believe are indicative of a positive direction for the stock.
