META Share Price Collapses after Publication of Quarterly Report
Just yesterday, META's stock price closed at USD 493.50, up approximately 40% since the start of 2024 and up nearly 300% since the start of 2023.
However, following the release of Meta's quarterly report, its shares plummeted to USD 400 in post-market trading, representing a decline of more than...
Tesla and Meta are two polar opposite trades at the moment.
Meta is likely getting rejected at resistance. Shorting makes sense
Tesla is getting a bounce at support. Longing it in that chart setup makes sense
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Post trading hours, the company has fallen nearly 20% to reach the current price of 418.85.
I will be waiting patiently for the gap to be closed and see if there is bullish signals before going long.
Tech stocks have gone up a lot, short term traders will be smart to take profits, investors - chill and await good opportunities to accumulate.
NASDAQ:META Implied move for earnings today... 452 - 538 ... this is not a full analysis, just what the options are saying for the earnings move!! GL y'all...
Hi all,
In my 2c opinion.
Nothing new, flat progress = over priced.
If it break trendline good time to sell & looking for other opportunity mean while.
let it slowly create discount and value.
All the best.
We trading within a range since mid February. Since March 21st we had declined a whole range. This decline has been retraced since Monday by almost 78 %. This makes hope for another attempt to fall below the range now.
If you haven`t sold META when ARK did that:
nor bought the META before the previous earnings:
Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 480usd strike price Calls with
an expiration date of 2024-5-3,
for a premium of approximately $24.80.
If these options...
Meta posts a double beat and collapses.
Tesla posts a double miss and rallies.
A prime example of how fundamentals can lead you astray.
Meta is weighing in on the QQQ and broad market.
This seloff does not instill confidence in the tech based market.
We were riding a 450 Put on Meta into earnings.
Following the market close, Meta's earnings report will be released. While I don't bearish sentiment, my trading strategy relies on patterns. Notably, Meta has demonstrated consistent upward movement over the past 5-6 months. Interestingly, what's typically perceived as good news can sometimes result in negative market reactions, and vice versa. This trend...
REASONS WHY !!
AI Integration and Advancements: Meta has been prioritizing the integration of artificial intelligence across its applications, which has played a crucial role in the company’s rally2. The market has responded positively to Meta’s efforts in developing and monetizing AI applications, leading to a boost in the stock price.
2. Digital Advertising...
Meta is looking like its in phase c of a #wyckoff Distribution top. A Large Ripsaw is at play with a low at 70. #meta NASDAQ:META #facebook #stockmarket #investor
Based on my graphic analysis I observe a bearish projection reaching minus 11% in the price of this corporation, that is; from $481 it will drop to $427. With a buy exit emerging at $523, it is worth remembering that the exact time the decline will take is unpredictable, the market will simply do its job. We can mention that it will happen within the next 15-20...
On a 1-hour time frame, observing Meta's price action gap involves noting sudden shifts in opening and closing prices between consecutive candlesticks. This discontinuity signals significant changes in market sentiment and supply-demand dynamics. Traders interpret bullish gaps as positive sentiment and increased buying pressure, while bearish gaps signify...
Fundamentals:
Sales have accelerated in META and earnings are above 20% q/q. However, its three-year earnings are below 5%. But if this changes when earnings come out in April 2024, then that will renew META as a super stock for 2024.
Weekly:
uHd
50% fib and diagonal support with a-b-c extension downward into support.
Kijun trend bounce
target:
600-800
META took a shellacking on the last ER. It's way oversold on the daily, we could fill the entire gap down but we should easily bounce to $459.98 and $473.00 market dependent and cooperating it could fill entire gap to $486.62 in a best case scenario. Buy calls, or sell put credit spreads is the best way to play this 1-4 weeks out
