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Meta Earnings are out

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NASDAQ:META   Meta Platforms
earnings are great ,but lets not forget -META is investing huge amounts of money in the metaverse and the AR glasses development -huge resources from the company are currently allocated to these 2 developments.

Trade setup:

Gap to be filled up till 310$.
Pending order entry at 310
Stop loss 315 - above candle body after gap is complete (5$ SL)
Take Profit 260 (the yellow gap is our target - not inside the gap on the upper border)=50$ profit
1 lot = 100 stocks // Leverage 1:10

entry 310 X 100 shares = 31,000$ / 10 leverage = 3100$ required margin
Take profit - 50$ X 100 shares = 5000$ profit
Stop loss -5$ X 100 shares = 500$
Risk / Reward = 500 / 5000 = 1/10 (!!!)
ROI = profit / required margin = 5000$ / 3100$ = 1.6 aka 160% return (!!!)


this is a high potential trade with a short SL and a pending order entry which allows us to modify and adjust the trade at real time


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