Buy or sell Facebook shares in 2021
If your goal isn't long-term investing, but rather quick profits in a relatively short period of time, it's best to use the most liquid assets.
Brokers offer attractive commissions and spreads for these instruments.
Facebook Inc. shares are one such asset; furthermore, this security remains relatively inexpensive, allowing trades with a small capital base.
Another important argument in favor of Facebook Inc. is that you can find this asset with virtually any broker and on most trading platforms.
Therefore, all you have to do is choose the direction of your upcoming trade—buy or sell, depending on the market situation.
Current trend of Facebook Inc shares
Like most investors, I prefer to buy securities and then sell them at a higher price.
For a successful entry into the market, an uptrend must be present, and that's exactly what we're seeing right now:
Following the stabilization of the political situation in the United States, the American stock market has gradually begun to recover and has fairly good growth prospects, despite a correction at the end of the week.
Speaking specifically about Facebook shares, this product has more than good prospects.
During the pandemic, social networks are constantly increasing their user base, and with them, advertising agency turnover and the profits of the social networks themselves are growing.
This is confirmed by the net profit data for Q3 2020 for Facebook Inc., which increased by 29%.
There is a high probability that Q4 and 2020 as a whole will also meet investor expectations.
Now is the best time to open buy trades, as there has been a slight price pullback, which is an opportunity to buy more profitably.
It is recommended to hold buy trades until the $298 mark per share or until the end of the growth upon a breakout of the $300 level.
You can make a deal with the following brokers - https://time-forex.com/vsebrokery/brokery-fondowogo-rynka
