Facebook, finally!
It is appropriate to say it after the $ 299.70 touched last week and the retracement in the $ 277 area (again another lesson to be learned from the markets), Thursday Facebook opens a gap and breaks the 300$ wall and then a pullback, as often happens, but the target was reached and we took home part of the position. (as always I attach the executed to document everything).
Possible future scenarios:
Facebook is in the process of acquiring Giphy Inc. (GIF search engine), the CMA immediately wanted to investigate and then gave its approval.
Let’s say that all these events, as well as past political issues, certainly do not give a hand to the growth of Facebook, which, let us remember, also owns Instagram. Put simply, Facebook has the ability to enter the homes of every living thing with a smartphone on this planet. The possibilities are endless.
But for this very reason, antitrust always has a magnifying glass on the Zuckerberg company.
Another very important news: the data show a 30% growth in ads compared to 2020.
The targets of the analysts are very high, in my opinion, exaggerated, considering how the price has behaved so far.
Then of course anything can happen, but I still argue that Facebook should diversify its assets, for now, it has done so only with virtual reality.
Just look at what Google has been able to do over the years.
As far as I am concerned, exceeding $ 300, I have no subsequent targets to give; we are at an all-time high, I will follow the price action, thanks to the very good entry price.
If, on the other hand, the price should retrace, as has already happened in the past, the first buy area is 270, the next is on the strong support in the $ 245 area.
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Lazy Bull
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