Meta Platforms Inc. (NASDAQ)
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Anderson Noah
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26.11.2024
Meta Platforms (META), the parent company of Facebook and Instagram, has been trading sideways within the $550-600 range since late September, underperforming the tech-heavy Nasdaq 100 index, which has gained 6.0% during the same period.
While META shares remain within an ascending channel, they are currently resting at the support of the uptrend. Historically, each time the stock reached this level, it rebounded upwards by 15-18%. Consequently, the share price is likely to rise to $650-670 over the coming months. I plan to open a long trade at $550-570, targeting a potential upside of $185. A stop-loss could be placed below recent lows at $480.
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Meta Platforms Inc. (NASDAQ)
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
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| Ticker | META |
| Contract value | 100 shares |
| Maximum leverage | 1:5 |
Swaps history
| Date | Short Swap (%) | Long Swap (%) | No data |
|---|
| Minimum transaction volume | 0.01 lot |
| Maximum transaction volume | 100 lots |
| Hedging margin | 50% |
Margin requirements
| USD Exposure | Max Leverage Applied | Floating Margin |
|---|
