Hello,
Meta platforms is formally known as Facebook. The company owns Facebook, Instagram, and WhatsApp, among other products and services. It is considered one of the Big Five American information technology companies, alongside Alphabet, Amazon, Apple, and Microsoft. As of 2022, it is the least profitable of the five.
Recently the stock has lost so much currently trading at USD 115 from a high of USD 379. The company continues to face tough times into the future and I foresee further reduction of its share price as we move into the new year.
Target is USD 45 with a possibility of even breakdown & hitting further than that.
I will be looking to buy from the bottom & hold long term with a view of how fundamentals will look like then.
Good luck & happy holidays
Meta platforms is formally known as Facebook. The company owns Facebook, Instagram, and WhatsApp, among other products and services. It is considered one of the Big Five American information technology companies, alongside Alphabet, Amazon, Apple, and Microsoft. As of 2022, it is the least profitable of the five.
Recently the stock has lost so much currently trading at USD 115 from a high of USD 379. The company continues to face tough times into the future and I foresee further reduction of its share price as we move into the new year.
Target is USD 45 with a possibility of even breakdown & hitting further than that.
I will be looking to buy from the bottom & hold long term with a view of how fundamentals will look like then.
Good luck & happy holidays
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Twitter: twitter.com/thesharkke
Free in-depth stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
Happy trading!