giancarlopagliaroli

META (NASDAQ:META) Doubts at fair value

NASDAQ:META   Meta Platforms
Having some doubts looking for facebook and metaverse in the short-mid term.

I cannot rely on my opinions and I estimate fair value at $158 with my algorithms running on fundamental data and forecast earnings.

Mr Market and the chart have the last word. Watching actual price is at my forecast fair value, also at a strong trendline (weekly chart) and at 0.618 Fibonacci Level.

This is not enough to buy now. Waiting signals on volume still missing and I want to see a strong rebouncing and accumulation.

If a breakdown will occur below the trendline and 0.618 level, my buy value will be close to $128 that is my estimate fair value less my margin of security (15-20%)

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