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Good Morning Traders,
Today, September 14, Lift-Off offers a SHORT trading signal on the NASDAQ-listed US stock Meta Platform (Ticker: META), part of the S&P500 and NASDAQ index
The Meta Platforms group, thus Mark Zuckerberg's Facebook and the companies under its control, have long been in a bearish trend that began in early 2022.
Probably its decline is due to new privacy policies related to advertising and the fact that it cannot control the fake profiles that are constantly increasing on its platforms. Therefore, like all TECH companies, in times of recession and rising interest rates, it suffers declines that in f
As for its balace sheet point of view, the company is robust and with strong upside potential for the coming years, moreover, the stock is also highly undervalued as an intrinsic value.
Therefore, like all TECH companies, in times of recession and rising interest rates, they experience declines that could turn into large buying opportunities in the future.
Below the chart of Meta Platforms Inc.- META - with the signal detected by Lift-Off
Below the long-term chart
Some information about Meta Platforms
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and home devices worldwide.
It operates in two segments, Family of Apps and Reality Labs. Products in the Family of Apps segment include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feeds, stories, movies, videos, live, and stores; Messenger, a messaging application to enable people to connect with friends, family, groups, and businesses across platforms and devices via chat, audio and video calls, and virtual rooms; and WhatsApp, a messaging application used by people and businesses to communicate and transact in private. The Reality Labs segment provides augmented and virtual reality-related products that include hardware, software, and virtual reality content that help people feel connected, anytime, anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021.
Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
Source: https://finance.yahoo.com/
Financial Overview: META's current market capitalization is US$454,109B. Meta Platforms, Inc's next earnings release date is Nov. 2. The estimate is US$1.93.
Accounts, including revenue, expenses, profit and loss: META's total revenue for the latest quarter is US$28.82B, up 3.28% from the previous quarter. Net income in Q2 22 is 6.69B USD.
Overview data and accounts source: Tradingview.com
Signal board September 14, 2022
SHORT- Meta Platform - META
Input price: $151.71 (and any opening price)
Stop loss or adjustment area (partial stop close): $178.00
Take profit 1 area on half position with zero stop area: $137.10 (2020 lows due to covid)
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