Facebook is an American online and social media and social networking service owned by Facebook Inc. In Facebook’s 17years of launch, the social networking site has about 2.85billion users as of 31st March 2021. $FB’s investors have had a rewarding year as the opening price was at $259.20. The price was able to reach $384.33 this September before a correction began. The correction has pushed the price lower to $340.65 at the close of the market yesterday. After the price reached a new all-time in June 2021 at $341.74, $FB share price has continued to rally. The new support level is around $341. The bears were able to push the price lower in July, but it was a fake-out of support at $341.
Despite RSI showing that the price has been overbought at three different times on the 4hr chart, there was an oversold indication in the past few days. The candlesticks still maintain the lower region of the Bollinger bands. There are tendencies the bulls might become very active soon, thereby appreciating the price of $FB. Since the acquisition of Whatsapp in 2014, Facebook has increased its price by a 5X growth rate. Also, price appreciated furthermore after the dark mode was launched on mobile devices. The share price might be boosted as Facebook expands the metaverse initiative with $50million.
Where can I buy metaverse shares?
To buy Meta shares, you still buy $FB shares at any investment brokerage. The ticker remains the same. Check your local broker for access specific to your locale.