My first idea published on here, simply a range of FB price action in the past and an estimated view for the future 12 months. 50% correction to Pandemic's low is extremely unlikely unless destroyed by congress in matter yet unknown or something of the matter. $200 to $280 range should be a bottom in worst case scenario. $300 has seen much price action in the last 'almost' two years. Should serve as a common support and resistance as it has in the past.
FB BEAR CASE: Worst case flat in 12 months.
UPSIDE:
unlimited with Zuck's sleeves full of real of fake aces
Valuation Resistance: 1.2-1.25 T
Note
Edit 1: Wanted to add that the possibility for significant cash burn in the name of meta proprietary technologyhardandsoftware etc maybe leaving facebook as a fairly valued company if the pressure from congress and other world governments continues.
Bullish case FB ad business grows at a consistent clip year after year leaving FB as one of the greatest quality tech stocks in this frothy market.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.