By Nigam Arora & Dr. Natasha Arora
Editor’s Note: The signal on Meta Platform was published in the paid service of The Arora Report yesterday.
Signal(s) to enter, add, reduce, exit, hold or change.
Facebook (FB) will start trading under the symbol META prior to the market open on June 9. Previously FB had stated that its symbol would change to MVRS. The news is that Sheryl Sandberg is leaving FB.
In our analysis, there is a strong management bench at FB, and Sandberg leaving will not have a material impact.
FB stock is rallying as of this writing and is trading at $197.01. Momo crowd buying is driving the stock higher. There is no smart money buying. However, there was smart money buying yesterday in after-hours when the stock dipped.
For those following the Good Way, the Buy Now rating is 🔒. For new subscribers, the Buy Now rating comes into play only when a stock is above the buy zone. When a stock is in the buy zone, or below the buy zone, the Buy Now rating is to be ignored. Please see your Getting A Running Start Guide.
Yesterday and this morning, FB was in the buy zone of 🔒 (To see the locked content, please take a 30 day free trial). The very long-term target zone remains 🔒.
Trade Around Position
The core FB position is a very long-term position. There may be an opportunity for a shorter-term Trade Around position. Please stay tuned for a signal on the Real Time Feed.
For new subscribers, to learn about Trade Around positions, please see Trade Management Guidelines.
What To Do Now
Those in the stock may consider continuing to hold.
Those not in the stock may follow the parameters given above.
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This post was just published on ZYX Buy Change Alert.
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