META ~ FBFacebook if it can't break 320 will have possibility to come down and test the 290 area where I believe would be the best spot to start adding to Meta on the dip.
This one could still go either way but FB is undervalued here on the cut, it pulled a possible fake to the downside with more upside to come -- good luck trading and don't get too eager unless you're buying shares.
Mvrs
Facebook will LeadFacebook should be strong in the coming weeks . expect these resistance lvls below to be taken out or reached.
R LVLS
330
337
355
367
Making moves into the Metaverse and publicly rebranding the name to focus on the METAVERSE is a big step for FB as it'll now be a whole different monster.
Facebook(Meta) history and bull caseI see the metaverse being a distraction for Facebook to try and leverage some of the negative media attention away from them for now. stock could have more downside all depends on how to respects the current downward channel.
i ultimately see Facebook and metaverse becoming massive!! in 5 years time meta will start to become the next fad and craze that everyone is talking about! they're investing and building it as we speak and i see so many applications where this can be used, gaming, entertainment, educational to name a few. This is the next step in the internet and Facebook will be a huge leader. they have all the right ingredients.
its down 30% from highs and in my opinion looking back historically its a good buy!