Lots of people saying sub $300. I don’t think so. Highlighting my support range here. Let’s see!
Disclaimer: This is not financial advice. Trade at your own risk. NASDAQ:META gapped down overnight creating a large volume imbalance in price. Without delving into fundamentals, NASDAQ:META looks like it will soon be at demand. Seeking price at a discount comes with the risk of buying before bottoming out. It also seems like a lot of traders are fearful...
Meta filled the downside gap, indicating a potential move to fill the upside gap today. The MACD is showing signs of turning bullish. My outlook is optimistic, particularly regarding the earnings of Microsoft (MSFT) and Google (GOOG) tomorrow. These stocks could uplift the market on Friday.
On April 25, 2024, NASDAQ:META crashed 12% pre-market after earnings release. The question is that whether it is a buy now? For me I do not intend to buy on crash. I am looking for a pattern, or at least, a meaningful support, to buy. At this level, even 12% down pre-market, I do not see any meaningful support here nor any pattern therefore I am not buying now.
Based 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.
META Shorting The META chart suggests a possible short opportunity based on a the resistance on the monthly timeframe. We expect it to get rejected on that uptrend line near $527. Short price targets 🎯 in descending order: $424 & $360
Meta will likely drop into the green box. It's a confluence of the September 21 high point, the daily MA-50, and the Fibonacci 0.618 retracement. I think it will bounce there and continue its upward trajectory afterwards.
Would short it if I could carry the margins required...
As of April 17, 2024, NASDAQ:META is trading right at the yellow trendline as shown on the chart. A breakdown below this trendline would suggest further decline another 8%, to around $450
NASDAQ:META is losing momentum. Oscillators are currently trending down. The company better bring a blowout quarter on April 24th ER or it risks filling the gap and checking back to that multi-year trendline. 👀
Meta Platforms Inc. is ramping up its efforts to compete with AI industry leader OpenAI by launching early versions of its latest large language model, Llama 3, and a real-time image generator. These advancements are part of Meta's strategy to enhance its presence in the AI space, integrating these technologies into the Meta AI virtual assistant. This assistant...
The 10D chart continues to show significant signs of breakdown after the 13 count. The next 10D candle begins on Friday 4/26. This candle looks to be the start of another leg down towards the 20d SMA around $400. Easy money here. a $100 Move from $500 to $400. Good Luck out there.
9-13 Reversal Possible. If Price Action remains stable, the 13 count 10D candle will end on Thursday, April 11th. For now, stay patient while price chops around this area. Loses $500, will head for 480s. Hourly suggests a pullback to $498 based on MACD plateau.
Rebalancing a gap from February earnings. Retrace continuation outside of top side range. +EV
Buying NASDAQ:META and NASDAQ:NVDA : Balancing Risk and Reward Despite the recent market downturn, the long uptrend and strength of Meta and Nvidia remain intact. While short-term market fluctuations may present challenges, the long-term growth potential of Meta and Nvidia outweighs the current market volatility. Risk-Reward Profile: While investing in any...
Big week ahead for NASDAQ:META Q1 Earnings out Wednesday after market close 🕖 Will they beat or miss earning? 🤔 Will the earnings gap get filled?
Technically META top could be in. Like NVDA, it can keep sliding until a critical support level breaks and waterfall ensues. However, the last wave 5 of 5 did not quite end in a blow off top type fashion; something you would expect from a major primary degree top. There was however, significant RSI bearish divergence on the daily timeframe, that tells us it was...
META SELL SIGNAL SELL ENTRY - $494 SL - $519 CURRENT PRICE - $481 OBV volume trending down.