META STOCK ANALYSIS BEARISH MOVE SHOWING ON FACEBOOKFACEBOOK SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Meta
META - Cup and Handle - Daily - LongThis chart appears to be for Meta Platforms, Inc. (META) and features a technical analysis of the stock price movement on the daily timeframe.
Key components:
1. **Cup and Handle Pattern**: A bullish technical pattern is formed in the chart, indicating potential continuation of the uptrend. The "cup" is the rounded bottom, and the "handle" forms a consolidation before the breakout.
2. **Breakout**: The stock seems to have broken out of the handle's resistance zone, pushing higher, which confirms the bullish breakout.
3. **Price Targets**: Price targets are marked above the breakout:
- One at $638.55, which could be the result of projecting the height of the cup from the breakout level.
4. **RSI Indicator (Relative Strength Index)**: The RSI is around 79.40, showing the stock is in overbought territory, which could mean some consolidation or pullback before the next move.
5. **Volume**: A notable volume spike occurred during the breakout, adding further confirmation to the bullish momentum.
This setup suggests continued bullish momentum, but overbought conditions on the RSI might lead to short-term corrections.
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! 😊📈
CNXIT Levels // 25 MinHello Everyone 👋
Current Market Overview
Current Level: 41,089.85
Market Sentiment: The IT sector has been showing mixed signals with some volatility due to global economic factors and earnings reports.
Support Levels
40,800: This is the first major support level. If the index falls below this, it could indicate a bearish trend.
40,500: A stronger support level. Breaching this could lead to a significant downward movement.
Resistance Levels
41,300: The first resistance level. Breaking above this could signal a bullish trend.
41,600: A stronger resistance level. Surpassing this could lead to a sustained upward movement.
Indicators to Watch
Moving Averages: Keep an eye on the 50-day and 200-day moving averages for trend confirmation.
Relative Strength Index (RSI): An RSI above 70 indicates overbought conditions, while below 30 indicates oversold conditions.
MACD (Moving Average Convergence Divergence): Look for crossovers to identify potential buy or sell signals.
Recent News and Events
Earnings Reports: Recent earnings reports from major IT companies can impact the index.
Global Economic Factors: Changes in global economic policies, especially in the US and Europe, can influence the IT sector.
Trading Strategy Tips
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.
Long Opportunity In MetaAlthough the stock is in downtrend on higher time frame but it is at the lower range of channel pattern it has been following since February and taking a good support at this area (156).
A swing trade can be taken from here (160) with a small stop loss of 154 and target of 190.
Please Note : This will be a pull back trade we are not expecting any trend reversal from here so keep your stop loss tight at 154. and follow your risk management.