Meta Platforms may rise to 531.00 - 550.00

Our pivot point stands at 443.

Our preference

Short term rebound towards 531.

Alternative scenario

The downside breakout of 443 would call for 411 and 392.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (463.815) but under its 50 day moving average (486.6658).

Supports and resistances

570 **

550 *

531 **

512

471.91 (USD-last)

456

443 **

411 *

392 **

Number of asterisks represents the strength of support and resistance levels.