Stock #5 Meta Platforms (META)
As the first stock selected since the beginning of 2023, according to the first stock of our GrowthGurus plan, and the previous stock selection style, our analyst team for the first stock is mainly the main stocks in the major sectors. , and as one of the main forces in the large-cap stocks, META itself also has a high weight in the NDX100. META (formerly Facebook), as one of the technology giants, is also one of the largest social media companies in the world. One, Meta has billions of users and advertisers, and its business is spread all over the world. As a leading social media company, Meta has a wide range of users and business values.
In the first quarter of 2023, it will be the spring of the technology stock sector. As a big blue chip stock, META has risen by 157.64% in the past six months, followed by Microsoft and Google, which have reached 42% and 23% respectively. Yield, but nowhere near META.
After META experienced a sharp drop in market value after failing to enter the Metaverse in 2022, it relied on its own strong capital strength to stop the decline, and showed signs of rebound in January 2022.
After META made business and strategic adjustments in Q4 of 2022, resulting in Facilities Consolidation, such as subletting, terminating and abandoning operating leased office buildings, and after undergoing major layoffs, the company's cost expenditure level was significantly reduced, and market investment Investor sentiment began to pull back, and stock prices clearly began to recover.
From a technical point of view, META already had a complete oscillating downward channel in the early stage, and then the price was in a bullish flag shape after touching the lower track of the channel. Before that, you can see it on the Conversion Line under the cloud in Ichimuko Crossing the Base Line gave a strong cross bullish signal, and on January 3, the cloud chart signal began to reverse and made a clear bullish signal. After that, the price clearly broke through the cloud layer and began to run above the cloud, and the K-line pattern also broke the previous one. The downward oscillating channel, and covered a gap in the previous period, so we combined the above factors and finally entered the market on January 3 to place long orders.
By May, our long position has achieved a maximum return of 98.04%. The medium-term goal is to see T1. The reason is to wait for the price to fill the gap for the first time in 2022, and we can assume that the current trend is an upward triangle. From Ichimuko's point of view, the price still has upward momentum in the short term, and the cloud supports us in the position of S1. R1 is very important as a watershed between long and short.
Generally speaking, the MACD indicator has shown a reduction in kinetic energy, and is about to give a bearish cross signal at the daily level, and the RSI indicator has also shown an oversold signal, so in the next time, there are positions in META Friends can continue to pay attention to the market signals given by the GrowthGurus analyst team. Next, our analyst team will continue to pay close attention to this stock and give trading signals as soon as possible to ensure that everyone can cash out at the highest point possible. leave.
