As you can see in these charts, social media giants have experienced a 20-46% correction in the past 2-4 months! Now it seems they find their primary support level and may experience a 10% upward move in a short time.
Opening a long position at these levels seems low risk, however, privacy issues may cause lots of problems for these companies! Looking at their earnings shows disappointing results and this could continue for a while!
Meta (Facebook) has made a huge move and changed its name! Those who are familiar with branding know how big this move is..!
Be careful with PINS earnings today! Best,
Moshkelgosha
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@Moshkelgosha I am not sure if you have done an analysis on this, but since December is a hot month for e-commerce platforms it would be interesting to look at them as well beforehand, and thank you for your work!