To be honest I don't really care about Facebook meta. Mark Zuckerberg is a dick and I don't really care for him either But over the years the stock performed well. I'm not speaking on Twitter until the ownership rights have been in the correct hands. I have my theories but I don't wish to share them at the moment.
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really glad i sold in 2021 before this massive dump. My analysis is very accurate. I would be watching very closely in early 2023 for signs of a reversal. The HIGH in my forcast is dependant on the crypto industry and economic stability. There will be high demand for traders to setup passive income investments starting in 2023. Bull market is still a long ways off. Positioning for the lowest buy and hold scenario is what investors will be watching for. Equity and leverage trades will start to rise again moving forward into 2024. Boosting stocks and cryptos into overbought positions by 2025.
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The Red correction wave could be shorted to a 50% bear market sometime between 2026 to 2028. Pay no attention to the red line unless the crypto market does extremely well between 2023 and 2026. There is so much manipulation with tech and crypto. Companies are working to join in and taking major losses before they start to realize profits. Being late to the industry is always highly competitive and very expensive.
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closing in on the 77.37 low target i provided earlier this year. Nov - Dec will close around this target. Now this is just a preliminary analysis and a oversold correction below this market price is possible. If current economic conditions get worse in the next 3 months there will be some major instability. So just be patient and calm. the next 3 to 6 months will be a consolidation period. i am calling this the economic reflection phase that will determine when the markets will start to recover.
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extended bearish until further notice stability takes time and Facebook AKA "META" is getting alot of negative feedback right now. wait until 2023 before making any big decisions about buying the dip because META could be in serious financial trouble that could not recover. 1Q of 2023 will give some insight into what will happen for META future. So be careful.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.