I will top up on Meta, great numbers and a lot of FUD in the market. It's oversold at a PE ratio of just 12.
It may still be getting cheaper for as long as FED can raise interest rates.
All of the arguments against meta are inexperienced people looking at Meta stock price while looking at their new metaverse project information.
If they bothered to look at...
2023 should be a come back
with revenue | profit improving though in the negative area
bleeding has subsided
one quarter was positive in 2022 yet
price barely went up or down
it just hovered along $10 +-15 levels
Tiktok is around $200bn as bytedance valuation
this at $15bn needs a campaign to revive it's HYPE back in the day
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!! This chart analysis is for reference purposes only !!
If you want to...
META has been doing the heavy lifting for the communication sector.
One of the reasons communication sector is the best performing sector year to date is simply because of Metas outperformance.
Once the key moving average intersects it likey will result in a downtrend. Meta bulls have more work to do to stop this.
After the TikTok appearance in Congress I do not think the current administration will have the political capital to do anything but ban TikTok. The proposed deal to have TikTok sold from it's Chinese owner seems unlikely after Beijing declined it and also after the CEO got grilled in Congress and did not offer any answers to ease politicians concern the the CCP...
META breakout with a first stage base/rounded bottom & accumulation. Low volume confluence with "handle" is setting up for breakout and second stage. KL: 204.80, 211.64, 217.51, 226.84, 236.99// Long Bias on higher auction and price rediscovery from levels last seen in Jan 2022 sees PT of 289.11// Beta: 1.16, ATR 6.79, IV: 40.55% // Bias: Risk On; Failure <...
BIG NEWS, HUGE NEWS
UK Government officials are NOT abe to day dream on TikTok on their work mobiles any longer, now they have to work during work hours.
OK, I got that out of the way.
Took a short on the heels of news release of Building Permits, as the DXY (dollar index) pushes lower at that minute.
Trade took less that 5 minutes for a hard 10...
If you haven`t sold META at $341:
Then I think that META Meta Platforms will announce massive layoffs at the earnings date, which the market loves.
Mark Zuckerberg will continue spending billions on building the Metaverse, but the market won`t care as long as they fire people.
Another reason for a happy earnings ending is the FOMC decision to hike the interest...
decently depressed and weeded out speculators
currently fresh capital from MidEast on board
for 2023 roadshow across the universe
Phase 1 Packaging for Unicorn Status
TitkTok Cap is $300bn
this influencer platform may just be the missing link to adoption
I came across this stock the other night when it was trending on Twitter and took a look at it for the first time ever. Apparently Vimco is a holding company that's touted for one of its assets being the "TikTok competitor" Lomotif.
Personally, I think people who are bullish on app clones of big apps are delirious because the reason those big apps get rooted by...
Meta seems to be reversing off the bottom of the channel which has held meta price action lower since the February gap down on results. This reversal is coinciding with news that the FCC boss mentioned that the US Should ban TikTok - widely known to be one of facebooks fiercest competitors in the space. Let's see if we can get some follow through on this move..
Am totally sell biased today. WHY?
1, Unless H1 price bar closes above 12305.14, then i may decide to take long positions with targets at 12357.34 and 12446.72
2, One out of 2 of my favorite plays (wick fill) is strongly brewing on D1 time frame. H1 break and closure below 12244.15 will trigger some price movement, hence shorting to...
Long Term Outlook:
Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trendline joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume .
Short Term Outlook:
a. Market is ranging between 11890.34 and 11768.85 (Range 0) and 1HR break and closure above 11890 zone will make price...
Long Term Outlook:
Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trendline joining 13500, 12949 and 12979 indicating that price may yet see 11163 area with enough volume.
Short Term Outlook:
a. 1HR TF is currently ranging between 11798 and 11733. At the break and closure above 11798, we may see some bullish move...
I made massive profits in front of live audience yesterday during my trading session. My live audience were very happy to go home with over +157pips profits.
The chart above is what i will be looking at today. The big question is will price continue to dip? Find out during my live trading session.
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After a monster year of growth for Digital Turbine, analysts believe the expansion doesn't stop here.
Over the next three years, analysts predict the company will continue to grow EPS at a ~ 45% CAGR while expanding revenue at an average ~ 28% CAGR.
Although short-term liabilities outweigh short-term assets like cash and A/R due to acquisitions, it is predicted...