Meta Platforms Inc FB Trading Report

April 04, 2022, 02:00 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Technically, Meta Platforms Inc (NYSE: FB) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FB change over time, so 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 the rules of Technical Analysis.  For example, if FB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FB too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for FB

• Buy FB slightly over 222.28 target 275.59 stop loss @ 221.64 Details

The technical summary data tells us to buy FB near 222.28 with an upside target of 275.59. This data also tells us to set a stop loss @ 221.64 to protect against excessive loss in case the stock begins to move against the trade. 222.28 is the first level of support below 224.85 , and by rule, any test of support is a buy signal. In this case, support 222.28 would be being tested, so a buy signal would exist.

• Short FB under 275.59, target 222.28, stop loss @ 276.39 Details

The technical summary data is suggesting a short of FB as it gets near 275.59 with a downside target of 222.28. We should have a stop loss in place at 276.39though. 275.59 is the first level of resistance above 224.85, and by rule, any test of resistance is a short signal. In this case, if resistance 275.59 is being tested, so a short signal would exist.

Swing Trading Plans for FB

• Buy FB slightly over 227.49, target 235.10, Stop Loss @ 226.83 Details

If 227.49 begins to break higher, the technical summary data tells us to buy FB just slightly over 227.49, with an upside target of 235.10. The data also tells us to set a stop loss @ 226.83 in case the stock turns against the trade. 227.49 is the first level of resistance above 224.85, and by rule, any break above resistance is a buy signal. In this case, 227.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FB near 227.49, target 222.28, Stop Loss @ 228.15. Details

The technical summary data is suggesting a short of FB if it tests 227.49 with a downside target of 222.28. We should have a stop loss in place at 228.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 227.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FB

• Buy FB slightly over 225.80, target 227.49, Stop Loss @ 225.27 Details

If 225.80 begins to break higher, the technical summary data tells us to buy FB just slightly over 225.80, with an upside target of 227.49. The data also tells us to set a stop loss @ 225.27 in case the stock turns against the trade. 225.80 is the first level of resistance above 224.85, and by rule, any break above resistance is a buy signal. In this case, 225.80, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FB near 225.80, target 222.28, Stop Loss @ 226.33. Details

The technical summary data is suggesting a short of FB if it tests 225.80 with a downside target of 222.28. We should have a stop loss in place at 226.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 225.80, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

FB Ratings for April 04:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	222.28
P2	225.80	227.49	275.59
P3	232.17	235.10	328.80

Support and Resistance Plot Chart for FB

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