Trading Meta Platforms Inc. Class A $META With Integrated Risk Controls

August 06, 2023, 04:15 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for META

• Buy META slightly over 275.49 target 319.74 stop loss @ 274.69 Details

The technical summary data tells us to buy META near 275.49 with an upside target of 319.74. This data also tells us to set a stop loss @ 274.69 to protect against excessive loss in case the stock begins to move against the trade. 275.49 is the first level of support below 310.73 , and by rule, any test of support is a buy signal. In this case, support 275.49 is being tested, a buy signal would exist.

• Short META slightly under 319.74, target 275.49, stop loss @ 320.66 Details

The technical summary data is suggesting a short of META as it gets near 319.74 with a downside target of 275.49. We should have a stop loss in place at 320.66though. 319.74 is the first level of resistance above 310.73, and by rule, any test of resistance is a short signal. In this case, if resistance 319.74 is being tested, a short signal would exist.

Swing Trading Plans for META

• Buy META slightly over 319.74, target 329.77, Stop Loss @ 318.82 Details

If 319.74 begins to break higher, the technical summary data tells us to buy META just slightly over 319.74, with an upside target of 329.77. The data also tells us to set a stop loss @ 318.82 in case the stock turns against the trade. 319.74 is the first level of resistance above 310.73, and by rule, any break above resistance is a buy signal. In this case, 319.74, 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 META slightly near 319.74, target 308.53, Stop Loss @ 320.66. Details

The technical summary data is suggesting a short of META if it tests 319.74 with a downside target of 308.53. We should have a stop loss in place at 320.66 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, 319.74, 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 META

• Buy META slightly over 318.64, target 319.74, Stop Loss @ 317.9 Details

If 318.64 begins to break higher, the technical summary data tells us to buy META just slightly over 318.64, with an upside target of 319.74. The data also tells us to set a stop loss @ 317.9 in case the stock turns against the trade. 318.64 is the first level of resistance above 310.73, and by rule, any break above resistance is a buy signal. In this case, 318.64, 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 META slightly near 318.64, target 310.73, Stop Loss @ 319.38. Details

The technical summary data is suggesting a short of META if it tests 318.64 with a downside target of 310.73. We should have a stop loss in place at 319.38 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, 318.64, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Meta Platforms Inc. Class A (META) available here: META.

META Ratings for August 06:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	232.79
P2	310.73	308.53	275.49
P3	318.64	329.77	319.74

AI Generated Signals for META

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Meta Platforms Inc. Class A (NASDAQ: META) report below can help you, but we have more details too. The trading plans for META, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.