Meta Platforms may rise to 583.00 - 599.00

Our pivot point is at 489.

Our preference

The upside prevails as long as 489 is support.

Alternative scenario

The downside breakout of 489 would call for 464 and 448.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 511.8415 and 488.085).

Supports and resistances

614 **

599 *

583 **

567

512.66 (USD-last)

499

489 **

464 *

448 **

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