Buy or sell Facebook shares in 2021
If your goal is not long-term investment, but quick earnings in a relatively short time, it is best to use the most liquid assets for these purposes.
Since brokers set quite attractive commissions and spreads for these instruments.
One of these assets is shares of Facebook Inc. In addition, this security still has a relatively low cost, which allows you to open transactions with a small capital.
Another important argument in favor of Facebook Inc is that you can find this type of asset at almost any broker and in most trading platforms.
Therefore, you will only have to choose the direction of the upcoming transaction - buy or sell, depending on the market situation.
Current trend for Facebook Inc shares
Like most investors, I prefer to make transactions to buy securities and then sell them at a higher price.
To successfully enter the market, there must be an upward trend; at the moment we are seeing just such a situation:
After the political situation in the United States of America stabilized, the American securities market gradually began to recover and has fairly good growth prospects, despite the correction at the end of the week.
And if we talk specifically about Facebook shares, then this product has more than good prospects.
During the pandemic, social networks are constantly increasing the number of users, and with them the turnover of advertising agencies and the profits of the social networks themselves are growing.
This is confirmed by data on net profit for the 3rd quarter of 2020 for Facebook Inc, which increased by 29%.
There is a high probability that the 4th quarter and 2020 as a whole will also meet investor expectations.
At the moment, the best time to open buy transactions, since there has been a slight price pullback, and this is a chance to buy more profitably.
It is recommended to hold purchase transactions until the level of $298 per share or until the end of growth when the level of $300 is broken.
You can make a deal with the following brokers - https://time-forex.com/vsebrokery/brokery-fondowogo-rynka