META Trade Updates (+32%)

Positive quarterly results for Zuckerberg’s company, owner of Facebook, Instagram, WhatsApp and pioneer of the metaverse (after the acquisition of the Oculus group).

Revenues totaled $28.6 billion.
Revenues from virtual reality and augmented reality technologies: $339 million
In general from Trading View Ernings + 8.86% above analysts’ estimates
Revenues + 3.53% above estimates

Like the phoenix, Meta, given up for dead several times in its history (2018 and 2022), rises from its ashes, once again proving to be a very solid company.

From a technical and volumetric point of view, there is a chasm to fill, a GAP down dating back to February 2022, a volumetric hole,where the price went from $328 per share to $244 at the opening of the following day, the beginning of a negative trend that it is about to be recovered.

In December 2022 META had reached a worrying – 77% from the highs, the period where I bought.

Now I’m up with a +32% profit with an average price of around $187.

Short-term target: closing of the $244-248 GAP
Average target: $300
Long-term target: historical highs (where to rebalance in the case of a portfolio)

Happy trading
Lazy Bull


DISCLAIMER: I am not a financial advisor. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

Lazy Bull