Shares of Facebook Inc (FB) are collapsing dramatically today as more major companies like Verizon (VZ) are stopping ads in protest. While many are stopping for the month of July, Verizon has one-upped it by stopping paid ads indefinitely until Facebook fixes their hate speech issue. Facebook derives 97% of its revenue from ads so as the boycott expands to more and more businesses, it is a big deal. For investors who are long the stock, the fear is that these advertisers will find other places to put their ad Dollars and possibly not come back, at least to the ad-spend levels from prior the boycott. Facebook’s stock was extended prior to this, so a correction in stock price is fully warranted. The question is, where are the buy levels for smart investors and traders.
The Facebook target price buy level is $216.50 as target 1 and $195.00 as target 2. Target 1 is a quick bounce level and target 2 is a swing trade buy level.
A net gain of +1,058.74% through June 26th, 2020 is a reality for members of Verified Investing Alerts. For investors who want to maximize profits to an insane degree, swing trading technical chart setups using the PPT Methodology is easy and profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10%+ almost every day (yesterday 3 winners of over 10% each). With the wild swings in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Note the Facebook target price buy level in the stock chart below.