The Meta Platforms (META) have been trading within a Falling Wedge pattern since the April 05 High. After that we've had two Lower Lows and two Lower Highs. On Tuesday the stock came to its closest to the Lower Lows trend-line since June 23. As the 1D RSI breached the 30.000 oversold barrier, we have a strong short-term buy signal in our hands, targeting the 1D...
It hasn't been that long since we last took a look on the Meta Platforms (META) and called for the last chance to find buyers and reverse its fortunes: As you see since then, the stock has been trading sideways within a consolidation phase of lots of uncertainty fundamentally. Today however, the price broke above the Shoulder line of a Head and Shoulders...
Meta Holdings (META) has been trading within a Channel Down ever since the huge early February gap down. The stock has failed to recover its lost 1W MA200 (orange trend-line) on the first rebound attempt and since it has been trading far from it as investors along with other known macro-economical parameters (inflation, war, Fed) are gradually losing faith in the...
Meta Platforms stock FB has shown some strength lately after rebounding from $185 demand area, the upward move could hit $230 levels corresponding to 23.6% Fibonacci Retracement level. The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator. Finally, it's worth mentioning that Meta...
This war may not be good at all for bitcoins and cryptocurrencies because the two countries were very active in cryptocurrency.
Following the disappointing earnings, the Meta Platforms stock (formerly Facebook FB) saw a decline of more than -25% in a day. This is not the first time that we see the market panic over FB or its earnings in particular. It is interesting to note that the correction from the September 2021 High is around -38.50%, roughly the same as the January - March 2020...