Time to buy META
META is extremely oversold at this point and in my opinion it is well overdone. We're now trading at 2015 levels. Longer term once spending on the Metaverse is slashed by the board, this will pop 15%+. We hit major long term support today and I expect a short term bounce. Ultimate target is the lowest black line where I will be going very heavy into META, I'm just not sure if we get there anytime soon, I expect this to rally/bounce before going lower. P/E is below 9 which is absolutely insane even give the macro environment with TicTok/ad spend dropping/recession incoming.
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