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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𝐷𝐼𝑆𝐶𝐿𝐴𝐼𝑀𝐸𝑅: 𝐼 𝑎𝑚 𝑛𝑜𝑡 𝑎 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑎𝑑𝑣𝑖𝑠𝑜𝑟 𝑛𝑜𝑟 𝑎 𝐶𝑃𝐴. 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.