Time to go against the grain of the general public with Facebook
Time to go against the grain of the general public with Facebook #FB. I’ve been sharing my bullishness on Facebook and Metaverse on Twitter and through some of my videos. Many are focusing on Facebook through an advertising vehicle, but there is much more than what meets the eye. Just like the bullishness we shared on MSFT yesterday in trade alerts and recapping in our videos last night and this morning with the 282 targets - it was the evolution of Azure and the Mesh applications that we focused on. With Facebook, we carry the same principles of focusing on what many are not – expansion of services and areas least understood or passed to the side. I expect Facebook to expand on the Metaverse conversation and provide highlights into potential partnerships, service capabilities. Etc.
At the end of the day it matters how the markets react and not what the earning and call is all about. Nevertheless, I expect the markets to reward Facebook. There are significant comparisons of Facebook to Google and I believe that is a mistake by analysts.
In any case….
Bullish Target 1 is 216.93 to 219.92; Target 2 is 231.72 to 236.83
Bearish Target is 150.45 to 154.75
If the bottom is breached (bearish target) we would expect the price to close above 165.70 before the end of the week and back up towards 184.11.
At the end of the day it matters how the markets react and not what the earning and call is all about. Nevertheless, I expect the markets to reward Facebook. There are significant comparisons of Facebook to Google and I believe that is a mistake by analysts.
In any case….
Bullish Target 1 is 216.93 to 219.92; Target 2 is 231.72 to 236.83
Bearish Target is 150.45 to 154.75
If the bottom is breached (bearish target) we would expect the price to close above 165.70 before the end of the week and back up towards 184.11.