zalanmeggyesi

Facebook gap-fill

Long
zalanmeggyesi Updated   
NASDAQ:META   Meta Platforms
After a fairly strong Q1 report, despite record-setting fines on the horizon and margins shrinking even when accounting for said fines, investors remain confident in Facebook's growth potential. This, along with a probable FOMO-effect produced by the rapid upswing, may well provide enough momentum for it to fill the gap formed last summer and may move beyond even 215USD, with my expectation being that it hits 215 within the next two weeks.
Comment:
Well, the day after was disappointingly lacklustre, but for now, I stand by my forecast. We'll see what the next week brings.
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