As you can see in these charts, social media giants have experienced a 20-46% correction in the past 2-4 months!
Now it seems they find their primary support level and may experience a 10% upward move in a short time.
Opening a long position at these levels seems low risk, however, privacy issues may cause lots of problems for these companies!
Looking at their earnings shows disappointing results and this could continue for a while!
Meta (Facebook) has made a huge move and changed its name! Those who are familiar with branding know how big this move is..!
Be careful with PINS earnings today!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Now it seems they find their primary support level and may experience a 10% upward move in a short time.
Opening a long position at these levels seems low risk, however, privacy issues may cause lots of problems for these companies!
Looking at their earnings shows disappointing results and this could continue for a while!
Meta (Facebook) has made a huge move and changed its name! Those who are familiar with branding know how big this move is..!
Be careful with PINS earnings today!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.