Meta Platforms may fall to 554.00 - 568.00

Pivot

588.00

Our preference

Short positions below 588.00 with targets at 568.00 & 554.00 in extension.

Alternative scenario

Above 588.00 look for further upside with 603.00 & 620.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

620.00

603.00

588.00

577.33 Last

568.00

554.00

542.00

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