Meta : Rounding bottom - LONGHey everyone! 🌟
It looks like Meta has successfully completed a rounding bottom pattern as of January 2024 and is currently forming a bullish flag pattern with some strong volume. They’ve just had a clean breakout, which is exciting! The target from the rounding bottom or cup pattern is around 702, with support at 515, especially since the current market price is 561.34.
This setup offers a great risk-reward ratio of 1:3 for long-term positions.
If you found this chart analysis helpful, give it a like! 😊📈
Mark Zuckerberg sold $3 Billion Worth of META stocksShould Investors Be Worried? NASDAQ:META Insiders Sell $1 Billion In Stocks
More big NASDAQ:META insider sales: CEO Mark Zuckerberg and six other insiders have sold a combined 82M stocks over a month.
That's nearly SEED_TVCODER77_ETHBTCDATA:3B worth of #META stocks insider sales in the last two months.
Over the past 15 months, META stock is up over 450% and near all-time highs.
Meta at resistance levelsMeta / Facebook currently at resistance levels.
At the 61.8% levels from the Fibonacci levels.
Expecting a downmove in near term on the levels of 236 - 201 . Had given a one way move from 90 levels. Downmove will be a breather for the script.
No recommendations, just my view based on the chart pattern.
FB - Meta Platforms - Stage AnalysisStage 4 breakdown, early base formation stage1 may be in progress.
Only for educational purposes, not a recommendation.
Facebook MetaPlatformsif we are able to save previous month low for next quater then we may expect bulls coming back
Facebook nearby support levelsFacebook nearby support levels , investors can see good buying levels.
Similiar drops in history of FB.Meta has seen 40% drops two times in its history, and then it reverses. It is on a good support and might be ready to reverse.
FACEBOOK META : entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
: follow the chart daily , especially note it in your
: gainprofit066
Facebook respected its SupportMeta (Facebook) has respected its support of $300 and this can be a good buying zone for targets of previous all time high in the year to come.
📊 #facebook #whatsapp #instagram NASDAQ:FB reaching towards support.
if find reversal at harmonic PRZ then only long.
FACEBOOK* 0.886 XABCD
* RSI divergence on 4 HR
* Bollinger squeezed on 1HR
* strong july support 334$
* HEIKIN ASHI DOJI candles on 4HR
* ADX abv 50