CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

META(#FACEBOOK)

Special Reports - 03/10/2023

03 October, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

META(#FACEBOOK) weekly special report based On 1 Lot Calculation:

ARTIFICIAL INTELIGENCE (AI):

  • AI: CHATGPT SPARKS AI COMPETITION AMONGST MAJOR TECH FIRMS. According to reports, only Microsoft, Alphabet and Meta are set to invest $90B into AI technology development.
  • META (FACEBOOK) IN AI WORLD: Meta’s ChatGPT like model, “Large Language Model Meta AI” known as LLAMA, is set to be improved, with the company stating it will develop a more powerful model in 2024. According to reports, the model is undergoing continuing development, the LLAMA 2 model is expected to be better than the most recent GTP-4 model.

META (FACEBOOK): EVENTS AND ANALYSIS

  • EVENT: Q3 EARNINGS REPORT (CONFIRMED OCTOBER 25th 2023, AFTERMARKET): Meta is set to report its third quarter earnings. Revenue could increase around 20% Year-on-Year if analysts forecast materialize. Net income is forecast to rise 113% Year-on-Year. The company is also expected to present potential artificial intelligence development plans.
  • META HAS EXHIBITED STRONG VOLATILITY AFTER EARNINGS REPORTS IN THE ERA OF ARTIFICIAL INTELLIGENCE:

Earnings Period

Percentage Change in price

Q2 23'

+8.05%

Q1 23'

+15.31%

Q4 22'

+28.10%

SOURCE: MT4 PLATFORM

**PLEASE NOTES: PREVIOUS PERFORMANCE IS NOT A GURANTEE OF FUTURE PERFORMANCE**

  • MORGAN STANLEY STATES META COULD DELIVER $20 EARNINGS PER SHARE IN 2024, WHICH WOULD BE A 100% INCREASE ON THE 2022 EPS: Morgan Stanley has issued a statement outlining that they believe Meta can generate $20 of earnings per share in 2024 as a result of successful monetization of its products.

OTHER ANALYSIS:

  • STOCK PRICE ACTION: THE STOCK HAS HAD AN ALL TIME HIGH OF $384.24. Meta was last trading around $305, and if full recovery follows recent all- time highs, the stock could see an upside of around ~26.00%. However, the stock price may continue to decline.
  • ANALYST OPINION: JP Morgan is targeting $425, Barclays forecasts $410, Evercore forecasts $435 while Jefferies targets $400. The Bloomberg consensus price target is $374.25 a share.

META(#FACEBOOK), October 3, 2023
Current Price: 305.00

Meta

Weekly

Trend direction

UP

Resistance 3

384

Resistance 2

345

Resistance 1

330

Support 1

280

Support 2

270

Support 3

260

Example of calculation based on weekly trend direction for 1 Lot1

Meta (Facebook)

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

79,000.00

40,000.00

25,000.00

-25,000.00

-35,000.00

-45,000.00

Profit or loss in €2

73,738.40

37,335.90

23,334.94

-23,334.94

-32,668.91

-42,002.88

Profit or loss in £2

63,367.54

32,084.83

20,053.02

-20,053.02

-28,074.23

-36,095.44

Profit or loss in C$2

107,282.40

54,320.20

33,950.13

-33,950.13

-47,530.18

-61,110.23

  1. 1.00 lot is equivalent of 1000 units
  2. Calculations for exchange rate used as of 13:30h (GMT+1) 03/10/2023
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  • You may wish to consider closing your position in profit, even if it is lower than suggested one
  • Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Managerfor more detail

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