Meta Platforms may rise to 538.00 - 545.00

Pivot

518.00

Our preference

Long positions above 518.00 with targets at 538.00 & 545.00 in extension.

Alternative scenario

Below 518.00 look for further downside with 509.00 & 500.00 as targets.

Comment

The RSI is around its neutrality area at 50%

Supports and resistances

550.00

545.00

538.00

528.56 Last

518.00

509.00

500.00

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