Right at the 50-day SMA which means its a good short right at $210. Unless FB can monetize WhatsApp they are doomed. Metaverse is just smoke and mirrors.
yesterday msft gap up after hour for earning and now today fb also gap up. we still have aapl and amzn earning for tomorrow 4/28/22 after hour. place your bets here fellas....gap up or gap down for aapl and amzn tomorrow? congrats to my fb bulls!
Down. Bears are in control, because the Fed has flipped the bird to the markets. Earnings cannot outweigh the interest-rate hammer. Wed Mar 4th is the reckoning, and there will be no Trump or PPT to save the market.
Imagine you bought FB at 375 a few months ago. Now it is at 174 ie a massive 60% drop in price!!! And you continue to buy more (averaging down) thinking it is sooo dirt cheap. _________________
There is some truth to this, but don't put too much faith/leverage into it just yet, as the madness of crowds have a way of throwing logic/reasoning out of the window for longer than you and I can remain solvent.