If you believe in the growth story of Meta and its products and you have solid reasons for future growth trajectory in this stock, then definitely you should consider investing in this stock.
The stock is one of the giant players in its space, this everyone knows. If you see the stock is now available at a great bargain of close to 70 percent from its all time high value.
But again if you see the stock is not respecting any of its support and has become a FALLING KNIFE.
Another thing to note here is that the margin of safety is becoming extremely favorable for this stock because it has already suffered a lot of beating and I don’t see any drastic price correction from here. Most of the stocks have suffered a very painful de-rating in this high inflationary environment and further anticipation of fall is not much. At the max, the stock can show a long TIME CORRECTION but the chances of further price correction are quite minimal, to be honest.
If you have conviction in the stock and you see longevity of growth in the future plans of its global expansion and its venturing into different technologies, then you can definitely go for it.
The current price is very attractive and there is a price of close to 92 dollars which is a very critical support that must not be broken. So you can start to accumulate some quantities at CMP but definitely buying in BULK is not recommended because chances are that the stock can consolidate for some time in the same price range (TIME CORRECTION) and once it shows signs and confirmation of trend reversal, it is then you can start accumulating in more quantities.
Also from valuation standpoint, it is available at a great bargain. So if you have conviction in the stock, then you can consider investing.
PS : This post is just for educational purposes and NOT a recommendation by any means. Please do your own due diligence before investing in any stock.
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