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META (NASDAQ:META) Doubts at fair valueHaving some doubts looking for facebook and metaverse in the short-mid term. I cannot rely on my opinions and I estimate fair value at $158 with my algorithms running on fundamental data and forecast earnings. Mr Market and the chart have the last word. Watching actual price is at my forecast fair value, also at a strong trendline (weekly chart) and at 0.618 Fibonacci Level. This is not enough to buy now. Waiting signals on volume still missing and I want to see a strong rebouncing and accumulation. If a breakdown will occur below the trendline and 0.618 level, my buy value will be close to $128 that is my estimate fair value less my margin of security (15-20%)
NASDAQ:META
by giancarlopagliaroli
1
$XLC a bottom bounce and an interesting observation. Happy Labor Day Weekend Chart Watchers. Its been awhile since I last posted anything but I figured this would make for some good conversation. The Communications sector has been the worst performer YTD of all the SPDR sectors. This weekly chart shows that it might be at an inflection point. First, lets discuss the chart. I am a long term investor. I like to view things in terms of weeks, months and years. This is the chart I use 99% of the time. The chart is a weekly candle chart utilizing a 10 Period EMA moving average and a 40 period SMA moving average. These are my primary trend following tools. My primary oscillators are the RSI and the Mansfield RSI. I'm sure everyone is familiar with the RSI indicator. For those of you not familiar with the Mansfield RSI it is comparison tool with a 52 period moving average overlaid. Basically it is a ratio chart turned into an indicator and made popular by the Stage Analysis Method developed by Stan Weinstein. Most investors use "ABC/SPY" as their ratio comparison chart. I use ITOT as I like to compare the stocks I am looking at against the entire market, you get the idea. XLC is roughly down 30% YTD. It is the 5th Largest Weighting in the S&P, not an insignificant sector. This chart shows the following: a sector clearly in a downtrend as it is below both moving averages. a weekly candle testing the support created by its previous closing low. As the sector made new lows from March through June, RSI clearly bottomed. The sector made a low in June and then tested its low again at the end of August (to the penny I might add). As this happened RSI swung higher and created a positive divergence. Very interesting! I think this sector is setting up for a bounce higher going into the end if the year. The Mansfield indicator is still showing a sector suffering from underperformance. If you are someone looking for relative strength to confirm absolute strength then look for the Mansfield indicator to take out the 0.63 level. Observations: if the worst performing sector of the year holds its lows while the overall market is under pressure does the S&P trade below its June lows? If the worst performing sector turns around and swings higher, what is the overall market doing in that scenario? Its probably moving higher. Obviously if this sector breaks lower then the June lows on the S&P are most likely taken out. However, the evidence as I see it today argues for lows to hold and for a swing higher into the end of the year. Happy Charting!!! Thanks for reading. Good luck to all!
AMEX:XLCLong
by Breakout_Charts
2
$META ready to break out!🔸️Ticker Symbol: $META timeframe: H-1 🔸️Bearish Pattern 🔸️Investment Strategy: Short TECHNICAL ANALYSIS: So I broke META down from 1W, 4H, 1H, 15M, & 5M timeframes... META is at key monthly and weekly S/R; which means price is poised to make a move. Now, I don't have a crystal ball; but there are a few order blocks to the highside/ downside of META's current price. Overall, with market sentiment, can't go wrong going with the market trend; however, to get into a better position to profit earlier, recommend we wait until we get confirmation. Price should retest the $159.5 level to fill the 15 min order block from last week; before retesting a higher level ($160.43); This could all happen during pre-market on Tues, but I'm banking that we get the buyers step up, lose strength, and set up to break below $159.5; my price target is $156.49, and a S/L above $161. Looking at Trendsi Dashboard, the white middle line (money momentum) is pushing higher, which should be a second indicator to confirm price path; but the middle band is still red (indicating bearish sentiment). Direction is soooo easy to identify with the Trendsi dashboard; which assists in establishing a stronger hypothesis on future price action, especially as we couple this idea with supply/ demand trading. Come Tuesday, I will be looking at targeting the $150p strike under $1.0 on 9 Sept. 🔔 Follow for daily stock, crypto and forex technical analysis . ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
NASDAQ:METAShort
by cj-
$META going for reversal?META is getting beaten down ever since the market pulls back from its ATH. Besides the whole market going lower, META also missed its earnings and highly criticize with their privacy security of their social media empire. in my technical perspective $META still very bearish on 4hr chart and the daily. META is the only tech stock that sitting just right above the moving average at 1hr chart. Below is my price level for possible entry and exit. ============================================================ For calls; buy above $164.54 and sell at 166.46 or above For puts, buy below 161.91 and sell at 160.78 or below ============================================================ Welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions on which stocks I should analyze, please leave a comment below. If you enjoyed this analysis, I would appreciate it if you smashed that LIKE or BOOST button and maybe consider following my channel.
NASDAQ:METAShort
by CHRIS_B58
META day trade and monthly swing idea - jtgladiatorNASDAQ:META META is looking weak at these level. Its setup for a really great monthly swing. Lets watch the price action and see what happens. Here are my levels: For the day traders/weekly player: 170c > 163.05 Confirm hold above this level before taking calls. Grab puts 160p on the rejection of this level. 155p < 159.17 PT is 155.23. If this level holds and there is a bounce, then grab the 160c. For monthly swing play: The swing entry for this is 155.23 with a PT of 137. I am hoping this stays an inside candle for the next two days. be prepared for the reversal to grab calls...but I think this is put city. Let me know what you think in the comments
NASDAQ:META
by ApeManDan
$META FACEBOOK Falling Wedge on weekly, will it HOLD SUPPORT?META has a falling wedge on the weekly timeframe with support at the $155-$160 Levels, these levels would be perfect for accumulating a swing trade. Holding those support levels during this $SPY correction period is crucial for this pattern. Losing those support levels would be bearish scenario and would invalidate this falling wedge pattern. FACEBOOK's measured TARGET on the falling wedge lies at $226. A possible big announcement is in the cards for META FACEBOOK if it maintains the expected levels. SPY has had a fire rally the past month so it is not surprise that its spent the past 3 days cooling off, Jackson Hole conference is this Friday, if we don't get a bounce before, we could expect a small bounce on the day of the event as most tickers are hitting oversold territory on the smaller time frames.
NASDAQ:METALong
by ChaldeaCode
3
$META-bolic move to the downside!-RECAP🔸️Ticker Symbol: $META🔸️Timeframe: 4 Hour 🔸️4X Bear Pattern 🔸️Investment Strategy: Short Technical Analysis Recap: Yesterday I posted my TA on $META; and today we had a massive push to the target area to $168; Money momentum was flowing out of the market, we were rejecting hard off the top of our regression channel. We got our 3rd and 4th bearish signals from our middle red band, and a key ema cross. $-8 move on META in one day was exactly what we predicted would happen! What a great move to end a great week of trading.
NASDAQ:METAShort
by cj-