(META) trading signals

February 28, 2024, 17:46 PM ET Written by Joseph H. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

META long term trading plan

• Buy META just above the target of 453.05. n/a stop loss is 451.74. detail

The technical summary data tells us to buy META near 453.05, but there is no current upside price target from the summary table. In this case, you will have to wait until the summary table is updated (which usually happens at the beginning of the trading day) or until the position is closed. According to the data, a stop loss should be set at 451.74 to prevent excessive losses if the stock starts to move against the trade. 453.05 is the first support level below 482.67, and by rule a test of support is a buy signal. In this case, a buy signal exists if support 453.05 is tested.

• none . detail

none .
There is no current resistance level in the summary table. Therefore, there is no short resistance plan that tells you to short when testing the resistance. The resistance level has broken further above and short positions look risky unless the stock reverses and falls below the support level again.

META swing trading plan

• Buy META just above 492.91, no target, stop loss @ 491.49 detail

If 492.91 starts to break out, technical summary data suggests we should buy META just above 492.91 with no upside objective. The data tells us to set a stop loss at 491.49 in case the stock trades against us. 492.91 is the first resistance level above 482.67, and as a general rule, a break above resistance is a buy signal. In this case, there is a buy signal as the initial resistance at 492.91 is breaking out. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• Short META is slightly closer to 492.91 with target at 477.14 and stop loss at 494.33. detail

The technical summary data suggests a short on META if it tests 492.91 with a downside target of 477.14. However, you should set a stop loss at 494.33 in case the stock starts to move against the trade. As a rule, all resistance tests are short signals. In this case, if resistance 492.91 is being tested, a short signal will be present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

META day trading plan

• Buy META just above 492.91, target 496.41, stop loss @ 491.76 detail

If we start to break above 492.91, the technical summary data suggests we should buy META just above 492.91 with an upside target of 496.41. The data also tells us to set a stop loss at 491.76 in case the stock trades against us. 492.91 is the first resistance level above 482.67, and as a general rule, a break above resistance is a buy signal. In this case, there is a buy signal as the initial resistance at 492.91 is breaking out. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• Short META is slightly closer to 492.91 with target at 482.51 and stop loss at 494.06. detail

Technical summary data suggests a short on META if it tests 492.91 with a downside target of 482.51. However, you should set a stop loss at 494.06 in case the stock starts to move against the trade. As a rule, all resistance tests are short signals. In this case, if resistance 492.91 is being tested, a short signal will be present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

Real-time updates are available at: Meta Platforms Co., Ltd. (Meta) Page is here: Meta.

META Ratings for February 28th:

META support and resistance plot chart

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transaction Meta Platforms Co., Ltd. (NASDAQ: META) can be an efficient and profitable trade, especially in volatile markets, as long as the stock’s key pivot points are observed before making a buy, sell, or short decision.

caveat:

This is a static report and the data below is valid at the time of publication, however META support and resistance levels change over time and the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are technical analysis rules. For example, if META is testing a support buy signal, resistance is the target. Conversely, if resistance is being tested, it is a sign to control risk or short, and support will be a downside target accordingly. In either case, the trigger point is designed to be an ideal place to enter a position (avoiding trading in the middle of a trading channel) and also serves as a level of risk control. Masu.

Swing trading, day trading, and long-term trading plans:

This data has been refined to distinguish between day trading, swing trading trading plans, and META’s long-term investment plans. All of these are displayed below the summary table.