$META play
After last week’s Netflix frenzy and insane positive outlook on Tech and AI industry right now, the next stock to make a play on is META.
Share price of Meta have broken through the resistance line which lasted 7 weeks! This is all during the time that Tiktok getting banned and technology sectors’ growth in the US. The next price target could be 712 which is 10% gain from the current level, we could even see a possible jump to 743.
Next week’s earnings is super crucial. If the earnings data is positive (which I think it is likely with the tiktok ban), the price could very much hit 712 and above, and the second level could be reached in May(for some reason there is this bear sentiment for March around here).
I don’t have any privileged information but I know Meta’s last quarters should be p fire as the hiring scene for meta is looking really good that means they should be printing money for sure. Paying SWE hella and also hiring bunch of new grads. This is semi risky since even if the data is not positive, there might be downward pressure. However, I think Meta is super bullish in the long run with Threads, messenger, instagram across the globe despite recent censorshipm shenanigans.
I will post positions before market on Monday, looking to enter in shares.