META target by end of Feb 2024 is 420.
3 most likely paths to target:
1) 1pt solid black arrow = earnings pop to 405-413 and then continue to 420 by 2/7/2024
2) 2pt (thick) solid black arrow = earnings pop and then run to 420 by 2/21 (more conservative)
3) 2pt (thick) grey arrow = drop to 373-378 after earnings which would get bought up fast and then run to 420 by end of Feb. (would be great opportunity to enter long).
Not playing this for earnings but it should be a good indicator for what market will do mid-term. My expectation is SPY will continue higher to 500+, and the earnings today 2/1 will be a catalyst for this.
I think at least 2 of 3 of the big tech earnings will be bullish todaym maybe all 3:
META to 420
AMZN to 164
AAPL to 198