2022/02/17 (005) Technical Analysis – META

It`s time for an highly extreme trading capabiliy – it`s time 4 the Meta Platform!
Meta Platforms recently lost 230 billion in market capitalization in one day
– almost as much as Germans Volkswagen & Siemens are worth together


Should Investors Sell Immediately?
Or is it worth getting long with Meta Platforms?
After all, the criticism of Facebook and Co. does not abate, especially in view of the constant stream of new scandals and other annoyances. Just recently, a new lawsuit by the US state of Texas became known, which is demanding billions in damages due to an alleged unlawful use of user photos.

The meta stock fails to recover
Investors obviously remain skeptical about Meta stock. Although it was able to resist further price losses until the afternoon. At just under 208 USD, it remained unchanged at a more than manageable level and even optimists only expect a greater recovery in the long term.

This is also because maforms ny hardly see the need for the Metaverse. Mark Zuckerberg tries to solve problems that don’t exist for many and in a way that hasn’t been very intuitive so far. But who knows, maybe he will be right in the end with his vision. After all, in the 90s there were still one or the other who doubted the success of the internet. However, investors cannot rely on a comparable breakthrough.

The latest current recommendations
for Meta Platforms Inc. (Ex Facenook) shares

02/04   CREDIT SUISSE upgraded to ‘Outperform’
02/03   GOLDMAN SACHS upgraded to ‘Buy’
02/03   JPMORGAN downgraded to ‘Neutral’
02/03   RBC upgraded to ‘Outperform’
02/03   BARCLAYS upgraded to ‘Overweight’
02/03   JEFFERIES upgraded to ‘Buy’
01/25   UBS upgraded to ‘Buy’
01/24   GOLDMAN SACHS upgraded to ‘Buy’
01/20   UBS upgraded to ‘Buy’
01/18   JPMORGAN downgraded to ‘Overweigh
12/28   JEFFERIES upgraded to ‘Buy’
11/27   GOLDMAN SACHS upgraded to ‘Buy’Negative news outdo each other,
that`s why a speculative trading capability
could become unimagible more as lucrative

Although it means “never grab a falling knife”, I would like to argue against this principle as I usually take to heart. But teh sentiment is so bad about this stock, that it could at least imminent temporarly something like a short technical reaction! How high traders?
We will see – like that bulls or like that bears…