Meta Earnings are out earnings are great ,but lets not forget -META is investing huge amounts of money in the metaverse and the AR glasses development -huge resources from the company are currently allocated to these 2 developments.
Trade setup:
Gap to be filled up till 310$.
Pending order entry at 310
Stop loss 315 - above candle body after gap is complete (5$ SL)
Take Profit 260 (the yellow gap is our target - not inside the gap on the upper border)=50$ profit
1 lot = 100 stocks // Leverage 1:10
entry 310 X 100 shares = 31,000$ / 10 leverage = 3100$ required margin
Take profit - 50$ X 100 shares = 5000$ profit
Stop loss -5$ X 100 shares = 500$
Risk / Reward = 500 / 5000 = 1/10 (!!!)
ROI = profit / required margin = 5000$ / 3100$ = 1.6 aka 160% return (!!!)
this is a high potential trade with a short SL and a pending order entry which allows us to modify and adjust the trade at real time
This is NOT an investment or financial advice! trading should be done only with money you can afford to lose ! We recommend practicing on a demo for several months before opening trades with real money.