FACEBOOK INC. (FB)

13 Mar 2021

After an incredibly lazy February, Facebook (FB) gave a small sign of upside on March 11, which was almost totally eated the following day where the price tested again at the 20 EMA.

The future of mobile gaming is getting out of hand to Facebook, which is present with its Ocucus Rift & Quest in VR, but which has not been able to carve out a place among the giants (Apple, Google and Microsoft) despite having a well-tested platform. .
The fact that it never made a turn, never built proprietary hardware (only bought Oculus), was a determining factor for a company that, in the end, lives on advertising.

The mid-long term view remains bullish.

1 price target: $ 286
2 price tag: 300 $

As usual, I will keep the position updated, but I anticipate that in the event FB reaches $ 300 I will liquidate the profits accrued so far, keeping the remaining shares with a very advantageous entry price even today.


Lazy Bull

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

19 Mar 2021

Not

1st target on 19/3/21

3 Nis 2021

Not

Facebook, finally!

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.


Lazy Bull