$FB Bullish Harami Pattern, Potential Reversal to UPSIDE?Bullish Harami is a candlestick chart indicator suggesting that a bearish trend may be coming to an end.
Please note, I do understand this sounds counterintuitive since RSI is 24.64 at this time.
Please let me know your thoughts.
Thanks,
Kelly :)
Facebook (FB)
Meta Correction Not Close to FinishedConsidering FB/Meta’s steep and recent descent, Bulls are preparing to buy the dip in expectation of long term support being discovered.
Applying the complex science of Elliott Wave Theory to Meta’s all-time price structure, Digital Surf believes that FB will see another stunning drop in the months ahead.
Grab a board. Let’s surf.
(technical analysis/notes removed from chart)
META /FB Unique buy opportunity to double the investment at $480Following 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 correction due to the COVID outbreak. The price almost hit the 1W MA200 (orange trend-line). During the COVID correction, the price dropped even more to the 1W MA300 (red trend-line) and if that takes place this time around as well, then we should be looking at roughly a -45% correction.
The last correction of that magnitude was back in July - December 2018, a disappointing period for FB due to the data scandal, new users decline, security issues and of course disappointing quarterly results. Which is more or less the situation that the company is facing today. As a result, it is easy to understand that FB is familiar with this kind of pressure and all times came out stronger with a Higher High near the next +1.0 Fibonacci extension. So even if we see one last flush to the lower MA period, this seems like a unique buy opportunity for long-term investors. The next Fibonacci extension to fill is Fib 4.0. A target slightly below is $480, which from the current levels represent +100% Return on Investment (ROI) i.e. double the capital.
Would you invest a significant portion of your portfolio now on Meta or wait a while longer? Let me know in the comments section below.
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Uptrend soonJust an analayze.
These days, there is talk of a decline in the value of Facebook . I think , we are at the end of the fourth wave of correction.(the fourth wave correction is likely to be five microwave).
The end of the fourth wave And fifth wave are specified. plaese observe the stoploss.
If the Sl line is broken, we will have an anti-cycle and we have more corection.
Facebook/Meta Platforms Analysis 03.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
The Biggest Red Candle Ever..!Meta (Facebook) experienced the biggest red day in its history..!
After today's -26.45 decline Meta is now officially in the Bear Market and 38.6% away from its all times high..!
When All the gains of the past 18 months are wiped out in less than 5 months, this can not be a correction, But this is a very strong Bear market..!
Read this Article once again..!
What companies will join this red part in the coming days???
Best,
Moshkelgosha
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Investors Lost Much Dough 🍞 On Meta Platforms (NASDAQ: $FB)!Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. It operates in two segments, Family of Apps and Facebook Reality Labs. The Family of Apps segment's products include Facebook, which enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way, as well as other services. The Facebook Reality Labs segment provides augmented and virtual reality related consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was founded in 2004 and is headquartered in Menlo Park, California.
$FB enter the metaverse*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team will dive into Meta Platforms $FB formally known as Facebook. Its stock price began declining September 14, 2021 when the company experienced scrutiny concerning unethical practices. Another company that has received similar treatment in the past is Google $GOOGL...they are now at all-time highs.
$FB recently began what looks to be a reversal on October 28, 2021 when the company announced a change in their name from Facebook to Meta Platforms. They stated “Our company’s vision is to help bring the metaverse to life, so we are changing our name to reflect our commitment to this future.” Price has since increased from $308.11 to $345.30.
My team holds no positions currently, but we plan to begin accumulating shares tomorrow morning. $FB share price may experience a temporary boost due to hype before earnings. If this occurs, my team will more than likely sell our shares before the release of earnings. Our reason behind this is that we think $FB earnings will not reflect a hyped up share price. The metaverse still needs time to mature before $FB can see any substantial growth from it.
Earnings are expected to be released January 23, 2022, but this date is subject to change.
Entry point: $345
Take profit 1: $420
Take profit 2: $460
If you want to see more, please like and follow us @SimplyShowMeTheMoney
FB Meta Platforms: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Met Platforms, Inc. (FB).
The chart is self-explanatory. Price has strong S/R areas noted in the chart. There was a recent 1D chart Death Cross last month that should have given an indication that price movement was coming soon. With the traditional markets and the economy a concern, there may still be more downside to go.
Included in the chart: Trend line, Support and Resistance Lines, RSI , MFI, MACD, Rising Wedge Pattern, Death Cross, Simple Moving Average, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
FB TurmoilFacebook has seen is best days for now. I think with the new sanctions on FAANG coming, these stocks will draw back, and NDQ will follow.
They aren't "done" but they will be forced to divest from one another so the adjustments will cause some dipping, and then from there, further climbs.
The stock is not going anywhere, but portfolio adjustment always causes temporary reds as they find new positions. these new plosions, will likely make them go up in the long not down as they will corner the market on meme stocks, and penny stocks.
I also see penny stock pumps coming in the future. woohoo.
🎯 HISTORICAL EDGE – $FB closes<200MA and GAPs DOWN over 20% Well this seems like a no brainer but if we test when has this happened in an NDX constituient 👇
From 2006 to present =>
this has happened: 30x
and the times it has happened 84% of the times there was an average move of -4% in the stock.
Is this an alert: NO, just a word of caution.